Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
fine-jewellery
Luxury
Tiffany's Profit Rises on Strong Demand in Japan, China
The company has been struggling to lift sales, particularly in the Americas - its biggest market - as shoppers shift to cheaper and chic brands, and spend lesser on accessories.
Tiffany's Profit Rises on Strong Demand in Japan, China
The company has been struggling to lift sales, particularly in the Americas - its biggest market - as shoppers shift to cheaper and chic brands, and spend lesser on accessories.
News & Analysis
A Funding Crunch May Finally Force India's Secretive Diamond Industry to Come Out Into the Open
"With traditional banking routes closing down due to concerns over mounting defaults, the $12-billion sector has to become more transparent to be
A Funding Crunch May Finally Force India's Secretive Diamond Industry to Come Out Into the Open
"With traditional banking routes closing down due to concerns over mounting defaults, the $12-billion sector has to become more transparent to be
Retail
News Bites | Italy Launches Green Carpet Fashion Awards, What Next for Tiffany?
In today's News Bites, Italy launches a celebration of its ethical and sustainable manufacturing industry, and a sign that Tiffany needs to chart a new path forward.
News Bites | Italy Launches Green Carpet Fashion Awards, What Next for Tiffany?
In today's News Bites, Italy launches a celebration of its ethical and sustainable manufacturing industry, and a sign that Tiffany needs to chart a new path forward.
Luxury
Tiffany Could Learn a Lot From Lady Gaga
Tiffany must leave its comfort zone and move faster than it's used to, truly embracing change rather than just showing ads about it.
Tiffany Could Learn a Lot From Lady Gaga
Tiffany must leave its comfort zone and move faster than it's used to, truly embracing change rather than just showing ads about it.
News & Analysis
The New Tiffany & Co. Needs Women
"As the storied brand comes off a sluggish decade, it’s looking to the 'self-purchasing woman' to save it."
The New Tiffany & Co. Needs Women
"As the storied brand comes off a sluggish decade, it’s looking to the 'self-purchasing woman' to save it."
News & Analysis
Nadja Swarovski's 2017: 'Creating an Industry of Values'
For the Austrian crystal and jewellery company, 2017 will be a time to invest in technology and sustainable innovation.
Nadja Swarovski's 2017: 'Creating an Industry of Values'
For the Austrian crystal and jewellery company, 2017 will be a time to invest in technology and sustainable innovation.
News & Analysis
Fabergé Attracts Admirers as Gemfields Ponders Sale
"Gemfields bought Fabergé – famed for its intricate, jewelled Russian Imperial eggs – for around £90m in 2012 from private equity firm Pallinghurst
Fabergé Attracts Admirers as Gemfields Ponders Sale
"Gemfields bought Fabergé – famed for its intricate, jewelled Russian Imperial eggs – for around £90m in 2012 from private equity firm Pallinghurst
News & Analysis
Dominic Jones Resurfaces at Astley Clarke
Luxury jeweller Astley Clarke has appointed Dominic Jones as its new creative director.
Dominic Jones Resurfaces at Astley Clarke
Luxury jeweller Astley Clarke has appointed Dominic Jones as its new creative director.
News & Analysis
The Big Business Of Red Carpet Bling
"Jewellery companies of all sizes compete to get their baubles on the right celebrities at the right time — including the Emmys."
The Big Business Of Red Carpet Bling
"Jewellery companies of all sizes compete to get their baubles on the right celebrities at the right time — including the Emmys."
News & Analysis
Dusting Off Cartier on Fifth Avenue and Beyond
Cartier chief executive Cyrille Vigneron discusses his vision for the world-famous jeweller, starting with the re-opening of its historic New York mansion.
Dusting Off Cartier on Fifth Avenue and Beyond
Cartier chief executive Cyrille Vigneron discusses his vision for the world-famous jeweller, starting with the re-opening of its historic New York mansion.
News & Analysis
Turning Around Tiffany
Tiffany chief executive Frederic Cumenal shares his plans for remaking the 179-year-old jewellery house along with its new advertising campaign, conceived by Grace Coddington.
Turning Around Tiffany
Tiffany chief executive Frederic Cumenal shares his plans for remaking the 179-year-old jewellery house along with its new advertising campaign, conceived by Grace Coddington.
News & Analysis
Jewellery Nestling in New Real Estate on the Body
Luxury body jewellery is piquing the interest of consumers and global retailers alike.
Jewellery Nestling in New Real Estate on the Body
Luxury body jewellery is piquing the interest of consumers and global retailers alike.
The News in Brief
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.