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
News & Analysis
Latin America's Fashion Business Billionaires
At least 30 percent of Latin American billionaires can thank the fashion business for part of their fortunes. But how did these fascinating characters get to the top?
Latin America's Fashion Business Billionaires
At least 30 percent of Latin American billionaires can thank the fashion business for part of their fortunes. But how did these fascinating characters get to the top?
News & Analysis
In Global E-Commerce, the Race to Solve the 'Last Mile'
As e-commerce continues to grow in important emerging markets, how will fashion retailers crack the most difficult logistics conundrum of all?
In Global E-Commerce, the Race to Solve the 'Last Mile'
As e-commerce continues to grow in important emerging markets, how will fashion retailers crack the most difficult logistics conundrum of all?
Global Markets
Korea’s Big Retailers Under Pressure
South Korea's retail sector has long been dominated by major conglomerates, but the country’s new president seems prepared to take a harder stance against the country's so-called 'chaebols.'
Korea’s Big Retailers Under Pressure
South Korea's retail sector has long been dominated by major conglomerates, but the country’s new president seems prepared to take a harder stance against the country's so-called 'chaebols.'
Retail
Where Brands Are Missing a Trick in China
Many Chinese cities are either oversaturated or underserved by luxury brands which must recalibrate their retail footprint on the mainland.
Where Brands Are Missing a Trick in China
Many Chinese cities are either oversaturated or underserved by luxury brands which must recalibrate their retail footprint on the mainland.
China
China’s Store of the Future Has No Checkout, No Cash and No Staff
In this month’s China Edit, more Chinese retailers are testing 24-hour stores run entirely by technology, while Gucci and Louis Vuitton have finally launched e-commerce in China.
China’s Store of the Future Has No Checkout, No Cash and No Staff
In this month’s China Edit, more Chinese retailers are testing 24-hour stores run entirely by technology, while Gucci and Louis Vuitton have finally launched e-commerce in China.
News & Analysis
Can Singapore Steal Hong Kong’s Thunder?
As Comme des Garçons prepares to open its latest Dover Street Market in Singapore, there's evidence that the island city-state is becoming increasingly important on the global retail map.
Can Singapore Steal Hong Kong’s Thunder?
As Comme des Garçons prepares to open its latest Dover Street Market in Singapore, there's evidence that the island city-state is becoming increasingly important on the global retail map.
China
How China’s Internet Disruption Is Impacting the ‘Wang Hong’ Influencer Economy
WhatsApp is the latest service to be disrupted by China’s digital clampdown, but commercially motivated changes to Sina Weibo could be even more damaging for the ‘internet celebrity’ influencer economy.
How China’s Internet Disruption Is Impacting the ‘Wang Hong’ Influencer Economy
WhatsApp is the latest service to be disrupted by China’s digital clampdown, but commercially motivated changes to Sina Weibo could be even more damaging for the ‘internet celebrity’ influencer economy.
Beauty
Where Plastic is Fantastic: The World's Cosmetic Surgery Capitals
From Tehran to Taipei and Beirut to Brazil, the $20 billion global cosmetic surgery industry is quite literally changing the way the world looks.
Where Plastic is Fantastic: The World's Cosmetic Surgery Capitals
From Tehran to Taipei and Beirut to Brazil, the $20 billion global cosmetic surgery industry is quite literally changing the way the world looks.
China
What China’s Social Media Crackdown Means for Fashion
In this month’s China Edit, over 60 entertainment sites have been shut down as the country’s new cyber security law comes into effect.
What China’s Social Media Crackdown Means for Fashion
In this month’s China Edit, over 60 entertainment sites have been shut down as the country’s new cyber security law comes into effect.
Retail
Why Hong Kong’s Handover Anniversary Could Be an Opportunity for Luxury Retail
This weekend, Hong Kong celebrates the 20th anniversary of its handover to China. But can the city’s struggling luxury retailers translate the tourist influx into sales?
Why Hong Kong’s Handover Anniversary Could Be an Opportunity for Luxury Retail
This weekend, Hong Kong celebrates the 20th anniversary of its handover to China. But can the city’s struggling luxury retailers translate the tourist influx into sales?
China
What China's $1 Trillion New Silk Road Spells for Fashion
Beijing’s 'One Belt One Road' is a highly ambitious attempt to shake up the global economic order with major implications for the fashion industry.
What China's $1 Trillion New Silk Road Spells for Fashion
Beijing’s 'One Belt One Road' is a highly ambitious attempt to shake up the global economic order with major implications for the fashion industry.
News & Analysis
Luxury Brands Are Snapping Up Farms to Control their Supply Chains
From Hermès to Gucci, brands are using vertical integration to safeguard the supply of expensive materials by acquiring farms of Merino sheep, crocodile, alligator and python.
Luxury Brands Are Snapping Up Farms to Control their Supply Chains
From Hermès to Gucci, brands are using vertical integration to safeguard the supply of expensive materials by acquiring farms of Merino sheep, crocodile, alligator and python.
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.