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.
fnac
Latest News & Analysis
News & Analysis
Gucci Owner Kering Hit by Loss on Sale of Retailer
PARIS, France — Kering SA, the owner of luxury brands Gucci and Bottega Veneta, says its profit slumped 64 percent in the first half of the year due
Gucci Owner Kering Hit by Loss on Sale of Retailer
PARIS, France — Kering SA, the owner of luxury brands Gucci and Bottega Veneta, says its profit slumped 64 percent in the first half of the year due
News & Analysis
Luxury Goods Group PPR to Spin Off Fnac Books Chain
"Fnac, the high street music and books chain, will take on a new life as an independent company when it lists on the Paris stock exchange this
Luxury Goods Group PPR to Spin Off Fnac Books Chain
"Fnac, the high street music and books chain, will take on a new life as an independent company when it lists on the Paris stock exchange this
News & Analysis
PPR Said to Seek Value of 400 Million Euros for Fnac in Spinoff
PARIS, France — PPR SA, the French owner of Gucci trying to spin off its Fnac book and electronics stores, is seeking a valuation of about 400
PPR Said to Seek Value of 400 Million Euros for Fnac in Spinoff
PARIS, France — PPR SA, the French owner of Gucci trying to spin off its Fnac book and electronics stores, is seeking a valuation of about 400
ADVERTISEMENT
ADVERTISEMENT
The News in Brief
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.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.