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.
funding
Latest News & Analysis
Entrepreneurship
How One Fund Wants to Rethink Venture Capital’s Relationship with Brands
Former Nasty Gal executive and angel investor Deborah Benton has launched a new fund with investor Amanda Schutzbank, aimed to set founders up for long-term success in a competitive digital landscape.
How One Fund Wants to Rethink Venture Capital’s Relationship with Brands
Former Nasty Gal executive and angel investor Deborah Benton has launched a new fund with investor Amanda Schutzbank, aimed to set founders up for long-term success in a competitive digital landscape.
Retail
Amidst Tumult, Everlane Raises $85 Million
The direct-to-consumer brand known for its promise of radical transparency has come under fire this year, but a new cash infusion led by LVMH-linked L Catterton is a stabilising endorsement.
Amidst Tumult, Everlane Raises $85 Million
The direct-to-consumer brand known for its promise of radical transparency has come under fire this year, but a new cash infusion led by LVMH-linked L Catterton is a stabilising endorsement.
Entrepreneurship
BoF LIVE: How to Raise Money Right Now
While funding hasn’t completely vanished, investors are becoming more discerning with their cash. BoF unpacks how start-ups can raise capital during a global pandemic.
BoF LIVE: How to Raise Money Right Now
While funding hasn’t completely vanished, investors are becoming more discerning with their cash. BoF unpacks how start-ups can raise capital during a global pandemic.
Entrepreneurship
What Fashion Investors Are Betting on Now
Money for fashion’s start-up scene hasn't dried up entirely, but investors say they are backing concepts that cater to shoppers who are hyper-aware of their finances, health and the planet.
What Fashion Investors Are Betting on Now
Money for fashion’s start-up scene hasn't dried up entirely, but investors say they are backing concepts that cater to shoppers who are hyper-aware of their finances, health and the planet.
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Retail
Report: Rent the Runway Nears Funding Below Last $1 Billion Value
The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million.
Report: Rent the Runway Nears Funding Below Last $1 Billion Value
The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million.
Retail
Laura Ashley's Major Shareholder in Funding Talks
The British fashion house is the latest victim of a troubled couple of years for UK retailers, with sales hit by store closures and a worsening consumer mood.
Laura Ashley's Major Shareholder in Funding Talks
The British fashion house is the latest victim of a troubled couple of years for UK retailers, with sales hit by store closures and a worsening consumer mood.
Retail
Farfetch Gets $250 Million Investment From Tencent and Dragoneer
The luxury online marketplace says it will use the money to expand in China.
Farfetch Gets $250 Million Investment From Tencent and Dragoneer
The luxury online marketplace says it will use the money to expand in China.
Financial Markets
Alibaba Raises Additional Funding in Hong Kong Listing
The e-commerce giant raised an additional HK$13.17 billion after its landmark listing last month, the city's largest share sale in nine years.
Alibaba Raises Additional Funding in Hong Kong Listing
The e-commerce giant raised an additional HK$13.17 billion after its landmark listing last month, the city's largest share sale in nine years.
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Retail
Festival Wear E-tailer Dolls Kill Raises $40 Million
The online retailer, which caters to Burning Man fans and TikTok ‘E-Girls,’ plans to strengthen its e-commerce experience, add new brands and expand its international presence.
Festival Wear E-tailer Dolls Kill Raises $40 Million
The online retailer, which caters to Burning Man fans and TikTok ‘E-Girls,’ plans to strengthen its e-commerce experience, add new brands and expand its international presence.
Financial Markets
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
Entrepreneurship
Hill House Home Ramps Up With Fashion and Baby Push
The direct-to-consumer lifestyle brand has secured its first financing round ahead of the launch of its baby vertical, months after branching into leisure apparel.
Hill House Home Ramps Up With Fashion and Baby Push
The direct-to-consumer lifestyle brand has secured its first financing round ahead of the launch of its baby vertical, months after branching into leisure apparel.
Luxury
With $50 Million in Fresh Funding, Tamara Mellon Aims for Disruption
The Los Angeles-based, direct-to-consumer shoe label has a new investor and a new plan to fix fashion’s broken supply chain.
With $50 Million in Fresh Funding, Tamara Mellon Aims for Disruption
The Los Angeles-based, direct-to-consumer shoe label has a new investor and a new plan to fix fashion’s broken supply chain.
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.