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.
global-currents
China
China’s Online Giants Get Physical
In this month’s China Edit, the battle between China's e-commerce giants is heating up as adversaries wage war offline.
China’s Online Giants Get Physical
In this month’s China Edit, the battle between China's e-commerce giants is heating up as adversaries wage war offline.
Global Markets
One Step Back for Poland as Sunday Shopping Ends
As Poland's economy has grown, more luxury brands have invested in the country. But a new bill backed by the Catholic Church could knock its progress back.
One Step Back for Poland as Sunday Shopping Ends
As Poland's economy has grown, more luxury brands have invested in the country. But a new bill backed by the Catholic Church could knock its progress back.
China
Chinese Reality Shows Boost Brands
Chinese reality shows are becoming a powerful platform for brands like Victoria’s Secret. But the market has its challenges.
Chinese Reality Shows Boost Brands
Chinese reality shows are becoming a powerful platform for brands like Victoria’s Secret. But the market has its challenges.
China
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
News & Analysis
An Inflection Point for Indian Models
Demand for uniqueness and the growth of India’s fashion market are fuelling the rise of Indian models.
An Inflection Point for Indian Models
Demand for uniqueness and the growth of India’s fashion market are fuelling the rise of Indian models.
Retail
Survival Mode for Japan’s Department Stores
Wave after wave of closures have hit the US and China, but Japan’s distinguished department stores were thought to be relatively safe from the era of 'new retail' — until now.
Survival Mode for Japan’s Department Stores
Wave after wave of closures have hit the US and China, but Japan’s distinguished department stores were thought to be relatively safe from the era of 'new retail' — until now.
Retail
Japan’s Luxury Market Enters a New Era
As a recent economic surge lifts spending in Japan’s luxury market — the second largest in the world — how can brands capitalise on this momentum?
Japan’s Luxury Market Enters a New Era
As a recent economic surge lifts spending in Japan’s luxury market — the second largest in the world — how can brands capitalise on this momentum?
Fashion Week
The ‘Made in Indonesia’ Opportunity
BoF investigates how the tropical islands of Bali, Java and Sumatra have become manufacturing hotspots for global fashion brands like H&M, Calvin Klein and Uniqlo.
The ‘Made in Indonesia’ Opportunity
BoF investigates how the tropical islands of Bali, Java and Sumatra have become manufacturing hotspots for global fashion brands like H&M, Calvin Klein and Uniqlo.
China
China's E-Tailers Battle in Run-Up to Singles’ Day
China's Singles’ Day now dwarfs Black Friday and Cyber Monday as the world's biggest online shopping event. BoF investigates how online fashion giants are fighting for market share.
China's E-Tailers Battle in Run-Up to Singles’ Day
China's Singles’ Day now dwarfs Black Friday and Cyber Monday as the world's biggest online shopping event. BoF investigates how online fashion giants are fighting for market share.
Global Markets
Chanel and Gucci Hike Prices as South Korea and China End Dispute
The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.
Chanel and Gucci Hike Prices as South Korea and China End Dispute
The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.
Retail
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
China
What China’s National Congress Means for Fashion
In this month’s China Edit, implications of the 19th National Congress on the fashion industry, Shanghai Fashion Week and Golden Week.
What China’s National Congress Means for Fashion
In this month’s China Edit, implications of the 19th National Congress on the fashion industry, Shanghai Fashion Week and Golden Week.
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.