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
Chinese Designers Had a Breakthrough Season. Now What?
China’s emerging design talent is in higher demand than ever, but can the country’s fashion industry overcome its next obstacles?
Chinese Designers Had a Breakthrough Season. Now What?
China’s emerging design talent is in higher demand than ever, but can the country’s fashion industry overcome its next obstacles?
China
Chinese Start-Ups: More Than Clones
Chinese tech start-ups were once dismissed as mere copies of concepts cooked up in Silicon Valley. Now, a new generation of entrepreneurs are transforming what began as clones into highly innovative companies, demonstrating that copying is often at the heart of creativity.
Chinese Start-Ups: More Than Clones
Chinese tech start-ups were once dismissed as mere copies of concepts cooked up in Silicon Valley. Now, a new generation of entrepreneurs are transforming what began as clones into highly innovative companies, demonstrating that copying is often at the heart of creativity.
Global Markets
Sabyasachi Mukherjee: King of India’s Bridal Market
The designer, whose bridal pieces are worn by India’s billionaire heiresses and Bollywood superstars, has built a luxury brand that’s set to generate $35 million in revenue in 2019. Now, he’s on a quest to tap the lucrative fine jewellery market and take his business global.
Sabyasachi Mukherjee: King of India’s Bridal Market
The designer, whose bridal pieces are worn by India’s billionaire heiresses and Bollywood superstars, has built a luxury brand that’s set to generate $35 million in revenue in 2019. Now, he’s on a quest to tap the lucrative fine jewellery market and take his business global.
News & Analysis
At TED 2019, Dystopia and Misinformation Mix with Joy and Inspiration
The ‘ideas worth spreading’ at this year’s edition of TED focused on the deeply troubling strains of technological dystopia coming out of Silicon Valley.
At TED 2019, Dystopia and Misinformation Mix with Joy and Inspiration
The ‘ideas worth spreading’ at this year’s edition of TED focused on the deeply troubling strains of technological dystopia coming out of Silicon Valley.
China
Redefining Modern Entrepreneurship at the BoF China Summit
Founders and executives from LVMH, Moda Operandi, Xiaohongshu, and Clot were among those who took to the stage during Shanghai Fashion Week.
Redefining Modern Entrepreneurship at the BoF China Summit
Founders and executives from LVMH, Moda Operandi, Xiaohongshu, and Clot were among those who took to the stage during Shanghai Fashion Week.
Beauty
Feminism Comes to China. Are Brands Ready?
Taboos and backlash may deter brands from tackling socio-political issues, but as feminism is normalised across China, brands need to engage with female consumers on a deeper level.
Feminism Comes to China. Are Brands Ready?
Taboos and backlash may deter brands from tackling socio-political issues, but as feminism is normalised across China, brands need to engage with female consumers on a deeper level.
Global Markets
Ukraine’s Quiet Fashion Entrepreneurship Boom
A few standout businesses are doing a roaring trade in post-revolution Kiev, elevating their labels from small ateliers to rising brands.
Ukraine’s Quiet Fashion Entrepreneurship Boom
A few standout businesses are doing a roaring trade in post-revolution Kiev, elevating their labels from small ateliers to rising brands.
Retail
Will Singapore Win Asia’s Start-Up Race?
Singapore’s fashion start-up scene is abuzz with innovation and plucky entrepreneurs, but agility, adaptability and scale are necessary to succeed in the growing Southeast Asian market.
Will Singapore Win Asia’s Start-Up Race?
Singapore’s fashion start-up scene is abuzz with innovation and plucky entrepreneurs, but agility, adaptability and scale are necessary to succeed in the growing Southeast Asian market.
Luxury
India’s Fashion Business Billionaires Offer Clues to Cracking the Market
At least 20 percent of India’s billionaires can thank the fashion business for part of their fortunes. Global brands have lots to learn.
India’s Fashion Business Billionaires Offer Clues to Cracking the Market
At least 20 percent of India’s billionaires can thank the fashion business for part of their fortunes. Global brands have lots to learn.
Beauty
Why High-Tech Beauty Is a High-Stakes Game
China’s skin care-obsessed, tech-savvy millennials are a perfect testing ground for at-home beauty devices, but the country’s hyper-competitive market means there is no margin for error.
Why High-Tech Beauty Is a High-Stakes Game
China’s skin care-obsessed, tech-savvy millennials are a perfect testing ground for at-home beauty devices, but the country’s hyper-competitive market means there is no margin for error.
Luxury
$50 for a Rimowa Look-a-Like: Innovation or Infringement?
A new wave of platforms are using low prices, minimalist storefronts and, allegedly, the manufacturers of genuine luxury goods to sell unbranded products to China’s value-hungry consumers.
$50 for a Rimowa Look-a-Like: Innovation or Infringement?
A new wave of platforms are using low prices, minimalist storefronts and, allegedly, the manufacturers of genuine luxury goods to sell unbranded products to China’s value-hungry consumers.
China
Fantasy, Not Nationalism, Drives Chinese Clothing Revival
Though the Hanfu trend may be small, global brands would be naive to ignore its implications for the Chinese fashion market.
Fantasy, Not Nationalism, Drives Chinese Clothing Revival
Though the Hanfu trend may be small, global brands would be naive to ignore its implications for the Chinese fashion market.
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.