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.
footwear
China
A New Era for China’s $15 Billion Streetwear Market
Luxury brands, local labels, major exhibitions and digital platforms are driving a more complex and increasingly fragmented streetwear sector in China.
A New Era for China’s $15 Billion Streetwear Market
Luxury brands, local labels, major exhibitions and digital platforms are driving a more complex and increasingly fragmented streetwear sector in China.
Technology
Inside Adidas’ Billion-Dollar Digital Transformation
The German sneaker giant is investing for a new era of tech-enabled retail in a bid to close the gap with Nike.
Inside Adidas’ Billion-Dollar Digital Transformation
The German sneaker giant is investing for a new era of tech-enabled retail in a bid to close the gap with Nike.
Luxury
How Golden Goose Made Scuffed-Up Sneakers as Profitable as Chanel
The Italian brand occupies a lucrative niche with its distressed Americana-style trainers. Now, CEO Silvia Campara is betting on a strategy rooted in ‘co-creation’ to take the brand to new heights.
How Golden Goose Made Scuffed-Up Sneakers as Profitable as Chanel
The Italian brand occupies a lucrative niche with its distressed Americana-style trainers. Now, CEO Silvia Campara is betting on a strategy rooted in ‘co-creation’ to take the brand to new heights.
Direct-to-Consumer
Warby Parker and Wall Street’s Verdict On DTC
Warby Parker’s stock market performance will test if investors buy into the direct-to-consumer playbook of prioritising growth over profit.
Warby Parker and Wall Street’s Verdict On DTC
Warby Parker’s stock market performance will test if investors buy into the direct-to-consumer playbook of prioritising growth over profit.
Luxury
The Business Vision Behind Balenciaga’s ‘New Era’
From a couture revival to winning the Met Gala, the Kering-owned brand is white-hot. Ahead of its buzzed-about Paris Fashion Week show Saturday, CEO Cedric Charbit speaks to BoF about the strategy behind ‘new era’ Balenciaga and his plan for pushing sales to the next level.
The Business Vision Behind Balenciaga’s ‘New Era’
From a couture revival to winning the Met Gala, the Kering-owned brand is white-hot. Ahead of its buzzed-about Paris Fashion Week show Saturday, CEO Cedric Charbit speaks to BoF about the strategy behind ‘new era’ Balenciaga and his plan for pushing sales to the next level.
Luxury
Canada Goose Expands Into Footwear
With the release of a $1,300 winter boot, Canada Goose is looking beyond its puffer jacket hero product.
Canada Goose Expands Into Footwear
With the release of a $1,300 winter boot, Canada Goose is looking beyond its puffer jacket hero product.
Entrepreneurship
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
The Road Ahead for Black Designers
Over the last year, unprecedented industry support has helped to level the playing field, but Black founders still face plenty of hurdles.
Luxury
Christian Louboutin, Idris Elba and Sabrina Dhowre Elba Launch Charity Shoe Collection
Hoping to draw attention to issues after they are no longer “trending,” Louboutin and Elba along with his wife, the model Sabrina Dhowre Elba, are donating 100 percent of the proceeds to charities focused on preventing racial injustice.
Christian Louboutin, Idris Elba and Sabrina Dhowre Elba Launch Charity Shoe Collection
Hoping to draw attention to issues after they are no longer “trending,” Louboutin and Elba along with his wife, the model Sabrina Dhowre Elba, are donating 100 percent of the proceeds to charities focused on preventing racial injustice.
Retail
Rothy’s Built a Cult Hero Product For Women. Can It Do the Same With Men?
The direct-to-consumer footwear company is releasing sneakers and loafers in a bid for the men’s footwear market.
Rothy’s Built a Cult Hero Product For Women. Can It Do the Same With Men?
The direct-to-consumer footwear company is releasing sneakers and loafers in a bid for the men’s footwear market.
Retail
Allbirds Takes Steps Toward IPO
The footwear start-up, which has a $1.7 billion valuation, is hiring an employee to prep financial documents and filings required at public companies.
Allbirds Takes Steps Toward IPO
The footwear start-up, which has a $1.7 billion valuation, is hiring an employee to prep financial documents and filings required at public companies.
China
The World’s Third Largest Sportswear Company May Surprise You
In sportswear, only Nike and Adidas have a higher market cap than Chinese giant Anta. Having surpassed other international rivals in China, the ambitious group now aims to go global.
The World’s Third Largest Sportswear Company May Surprise You
In sportswear, only Nike and Adidas have a higher market cap than Chinese giant Anta. Having surpassed other international rivals in China, the ambitious group now aims to go global.
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
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.