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
News & Analysis
A Social Shopping App That's like a Mix of Ebay and Instagram Just Raised $62 Million to Triple Its Us Users
"Throughout its rapid growth, it has kept its sights firmly fixed on its core customer: Gen Z."
A Social Shopping App That's like a Mix of Ebay and Instagram Just Raised $62 Million to Triple Its Us Users
"Throughout its rapid growth, it has kept its sights firmly fixed on its core customer: Gen Z."
Financial Markets
Start-Up School: How to Write a Business Plan
A step-by-step guide to formulate your business strategy to kick-start your fashion company.
Start-Up School: How to Write a Business Plan
A step-by-step guide to formulate your business strategy to kick-start your fashion company.
Entrepreneurship
Start-Up School | Chapter 2: Fund Your Business for Growth
A few lucky founders have all the money they need to launch their business. Everyone else needs outside funding. Founders must consider not only how much cash they need to raise, but which investors to bring in, and on what terms.
Start-Up School | Chapter 2: Fund Your Business for Growth
A few lucky founders have all the money they need to launch their business. Everyone else needs outside funding. Founders must consider not only how much cash they need to raise, but which investors to bring in, and on what terms.
Financial Markets
Why Levi's Is Worth $8 Billion
With a market capitalisation of $8 billion, the original blue jean maker plans to open new stores, develop fabric technology, offer more points of customisation for customers and improve its e-commerce experience.
Why Levi's Is Worth $8 Billion
With a market capitalisation of $8 billion, the original blue jean maker plans to open new stores, develop fabric technology, offer more points of customisation for customers and improve its e-commerce experience.
News & Analysis
Rent the Runway Aims to Be ‘Amazon Prime of Rental’
The ‘Netflix for fashion’ platform has raised $125 million in a deal that values the company at $1 billion.
Rent the Runway Aims to Be ‘Amazon Prime of Rental’
The ‘Netflix for fashion’ platform has raised $125 million in a deal that values the company at $1 billion.
Financial Markets
Glossier Raises $100 million After Sales Double
The millennial-favorite cosmetics company doubled sales last year and is now valued at $1.2 billion, reports say.
Glossier Raises $100 million After Sales Double
The millennial-favorite cosmetics company doubled sales last year and is now valued at $1.2 billion, reports say.
News & Analysis
Flowerbx Raises $5.5 Million to Launch in US
The London-based delivery service is counting on its relationships with fashion brands to make a splash in New York this May.
Flowerbx Raises $5.5 Million to Launch in US
The London-based delivery service is counting on its relationships with fashion brands to make a splash in New York this May.
News & Analysis
Rebag’s Plan to Take Second-Hand Luxury Mainstream
The handbag reseller raised $25 million in its latest funding round, aiming to triple the size of the company and open 30 more stores.
Rebag’s Plan to Take Second-Hand Luxury Mainstream
The handbag reseller raised $25 million in its latest funding round, aiming to triple the size of the company and open 30 more stores.
News & Analysis
With $30 Million Round, Cuyana Eyes US Expansion
The leather accessories startup has its latest funding from private equity firm H.I.G. Capital, and plans to use the capital to open new stores and improve its supply chain.
With $30 Million Round, Cuyana Eyes US Expansion
The leather accessories startup has its latest funding from private equity firm H.I.G. Capital, and plans to use the capital to open new stores and improve its supply chain.
News & Analysis
Debenhams Looks for Fresh Funding After Weak Christmas Sales
The British department store chain's failure to keep pace with consumers moving online and to cheaper outlets has hammered its shares and wiped 80 percent off its market value.
Debenhams Looks for Fresh Funding After Weak Christmas Sales
The British department store chain's failure to keep pace with consumers moving online and to cheaper outlets has hammered its shares and wiped 80 percent off its market value.
News & Analysis
H&M Backs AI-Powered Men’s E-tailer Thread
The London-based men’s personal styling service has raised a $22 million Series B round led by H&M’s venture arm.
H&M Backs AI-Powered Men’s E-tailer Thread
The London-based men’s personal styling service has raised a $22 million Series B round led by H&M’s venture arm.
Luxury
Tamara Mellon Plots Next Steps
The direct-to-consumer footwear brand is opening its first brick-and-mortar store in Los Angeles after a $24 million Series B funding round.
Tamara Mellon Plots Next Steps
The direct-to-consumer footwear brand is opening its first brick-and-mortar store in Los Angeles after a $24 million Series B funding round.
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.