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
Mark Cross: The American Luxury Brand Revival That Almost Wasn’t
How chief executive Neal J. Fox took a 165-year-old leather goods brand and turned it into a 21st century street style favourite by not being afraid to pivot — or take a gamble.
Mark Cross: The American Luxury Brand Revival That Almost Wasn’t
How chief executive Neal J. Fox took a 165-year-old leather goods brand and turned it into a 21st century street style favourite by not being afraid to pivot — or take a gamble.
News & Analysis
What Qatar's Diplomatic Rift Means for Fashion
As Qatar's stock plummets and travel is suspended, what does the future hold for its $1.3 billion fashion market — and the European luxury houses backed by Qatari funds.
What Qatar's Diplomatic Rift Means for Fashion
As Qatar's stock plummets and travel is suspended, what does the future hold for its $1.3 billion fashion market — and the European luxury houses backed by Qatari funds.
China
WeChat Stores Are China’s Latest Luxury Craze
Brands like Burberry and Tommy Hilfiger are now selling directly to Chinese consumers via WeChat.
WeChat Stores Are China’s Latest Luxury Craze
Brands like Burberry and Tommy Hilfiger are now selling directly to Chinese consumers via WeChat.
China
A Word of Caution: Choose Your China Ambassadors Wisely
In this month’s China Edit, how an unsuitable brand ambassador can have serious repercussions, and why China’s mobile payments can no longer be ignored.
A Word of Caution: Choose Your China Ambassadors Wisely
In this month’s China Edit, how an unsuitable brand ambassador can have serious repercussions, and why China’s mobile payments can no longer be ignored.
News & Analysis
Is ‘Nearshoring’ the New Offshoring?
Fashion brands are turning to manufacturers in Eastern Europe and Central America for greater agility and speed to market.
Is ‘Nearshoring’ the New Offshoring?
Fashion brands are turning to manufacturers in Eastern Europe and Central America for greater agility and speed to market.
Luxury
‘Ramadan Rush’ Brings Gulf Retailers to Europe
On the eve of Ramadan, London outposts of Middle Eastern boutiques are preparing for an influx of shoppers from the region during next month's Eid holiday.
‘Ramadan Rush’ Brings Gulf Retailers to Europe
On the eve of Ramadan, London outposts of Middle Eastern boutiques are preparing for an influx of shoppers from the region during next month's Eid holiday.
Global Markets
Latin America's $160 Billion Fashion Opportunity
The fashion market in Latin America is bigger than the Middle East and growing as fast as Asia. But will industry leaders continue to invest as much as the region needs to realise its full potential?
Latin America's $160 Billion Fashion Opportunity
The fashion market in Latin America is bigger than the Middle East and growing as fast as Asia. But will industry leaders continue to invest as much as the region needs to realise its full potential?
Retail
China’s Fashion Giants Get Sophisticated
Global fashion brands are facing increased competition as China’s large domestic players invest heavily in branding and retail experience in a bid to become more sleek, sophisticated and cosmopolitan.
China’s Fashion Giants Get Sophisticated
Global fashion brands are facing increased competition as China’s large domestic players invest heavily in branding and retail experience in a bid to become more sleek, sophisticated and cosmopolitan.
China
When the Name Game Gets Serious in China
In this month’s China Edit, the backlash surrounding Airbnb's new Chinese name highlights the importance of brand naming, while China’s biggest women’s footwear retailer is up for sale.
When the Name Game Gets Serious in China
In this month’s China Edit, the backlash surrounding Airbnb's new Chinese name highlights the importance of brand naming, while China’s biggest women’s footwear retailer is up for sale.
Workplace & Talent
Japan Wants More Fashion Designers from Abroad
As Japan’s population ages and shrinks, the government hopes to alleviate the labour shortage by recruiting more foreign specialists. But are there more obstacles than opportunities?
Japan Wants More Fashion Designers from Abroad
As Japan’s population ages and shrinks, the government hopes to alleviate the labour shortage by recruiting more foreign specialists. But are there more obstacles than opportunities?
Retail
Opening Russia’s Retail Frontiers
While Moscow and St Petersburg account for most of Russia’s fashion retail spend, its provincial cities are an increasingly interesting opportunity.
Opening Russia’s Retail Frontiers
While Moscow and St Petersburg account for most of Russia’s fashion retail spend, its provincial cities are an increasingly interesting opportunity.
Luxury
Mexico’s Luxury Market Might Actually Benefit From Trump
Wall or no wall, Mexico’s luxury market is thriving with a little unexpected help from the country’s arch nemesis: the President of the United States. But there's still cause for concern.
Mexico’s Luxury Market Might Actually Benefit From Trump
Wall or no wall, Mexico’s luxury market is thriving with a little unexpected help from the country’s arch nemesis: the President of the United States. But there's still cause for concern.
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.