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
Global Markets
Luxury Market Anticipates Impact from the 'Trump of the Tropics'
Worried about his socially conservative agenda but desperate for his promise to usher in economic reform, industry leaders feel torn as the far-right military man Jair Bolsonaro becomes president of Brazil.
Luxury Market Anticipates Impact from the 'Trump of the Tropics'
Worried about his socially conservative agenda but desperate for his promise to usher in economic reform, industry leaders feel torn as the far-right military man Jair Bolsonaro becomes president of Brazil.
Beauty
Why International Beauty Brands Are Piling into South Korea
Global players from Givenchy Beauty to Sephora are targeting the growing opportunity in South Korea, but a phalanx of homegrown brands stands in their way.
Why International Beauty Brands Are Piling into South Korea
Global players from Givenchy Beauty to Sephora are targeting the growing opportunity in South Korea, but a phalanx of homegrown brands stands in their way.
Luxury
A Turning Point for China’s Stance on Counterfeit Luxury Goods
The Chinese government is finally ready to crack down on the country’s black and grey luxury market and better regulate its booming e-commerce sector.
A Turning Point for China’s Stance on Counterfeit Luxury Goods
The Chinese government is finally ready to crack down on the country’s black and grey luxury market and better regulate its booming e-commerce sector.
China
Coach’s Long March to China
This week, the American accessible luxury label will join the pre-fall scrum with its first co-ed show in Shanghai as part of a wider plan to step up its game in the world’s largest luxury market.
Coach’s Long March to China
This week, the American accessible luxury label will join the pre-fall scrum with its first co-ed show in Shanghai as part of a wider plan to step up its game in the world’s largest luxury market.
News & Analysis
The Thorny Business of Brand Activism
Brands that take a position on divisive issues see the risk of backlash as short-term pain for long-term gain. But being on the right side of history can backfire when brand activism comes across as superficial or self-righteous.
The Thorny Business of Brand Activism
Brands that take a position on divisive issues see the risk of backlash as short-term pain for long-term gain. But being on the right side of history can backfire when brand activism comes across as superficial or self-righteous.
News & Analysis
Why Puffer Jackets Are at the Centre of Korea’s Class Divide
While the explosive popularity of puffer jackets is a boon for outerwear brands like The North Face and Moncler, the trend highlights some uncomfortable truths about South Korean society.
Why Puffer Jackets Are at the Centre of Korea’s Class Divide
While the explosive popularity of puffer jackets is a boon for outerwear brands like The North Face and Moncler, the trend highlights some uncomfortable truths about South Korean society.
Luxury
Valentino’s Plan to Level Up
Can the Italian label turn Pierpaolo Piccioli’s creative acclaim into commercial success and boost its single-digit growth? Chief executive Stefano Sassi shares his strategy.
Valentino’s Plan to Level Up
Can the Italian label turn Pierpaolo Piccioli’s creative acclaim into commercial success and boost its single-digit growth? Chief executive Stefano Sassi shares his strategy.
Fashion Week
The Real Reason Valentino and Dior Men Showed in Japan
Beneath the surface of enthusiasm that fashion creatives harbour for Japan, there is a carefully calculated business rationale for their choice of locale.
The Real Reason Valentino and Dior Men Showed in Japan
Beneath the surface of enthusiasm that fashion creatives harbour for Japan, there is a carefully calculated business rationale for their choice of locale.
Luxury
Why Dior Men Is Targeting Tokyo
The French label’s first-ever travelling Pre-Fall menswear show and a pop-up selling a special Summer 2019 capsule collection are set to hit Tokyo next week.
Why Dior Men Is Targeting Tokyo
The French label’s first-ever travelling Pre-Fall menswear show and a pop-up selling a special Summer 2019 capsule collection are set to hit Tokyo next week.
China
Forget Luxury, Cheap Clothes Mean Big Money in China
There is a fortune to be made selling low-cost clothing in China. But cut-throat competition, ‘Taobao villages’ and local know-how give domestic players an edge over global names like H&M and Zara.
Forget Luxury, Cheap Clothes Mean Big Money in China
There is a fortune to be made selling low-cost clothing in China. But cut-throat competition, ‘Taobao villages’ and local know-how give domestic players an edge over global names like H&M and Zara.
News & Analysis
The Business of Reggaeton Style
They have swag, sex appeal and their infectious music videos secure billions of views. No wonder brands as diverse as Chanel, Guess and Dolce & Gabbana are waking up to the influence of these Latin music megastars.
The Business of Reggaeton Style
They have swag, sex appeal and their infectious music videos secure billions of views. No wonder brands as diverse as Chanel, Guess and Dolce & Gabbana are waking up to the influence of these Latin music megastars.
News & Analysis
Cracks Appear in China’s Fashion Magazine Landscape
Even as print media sputtered in the West, fashion magazines in Greater China continued to thrive on seemingly endless advertising dollars chasing a consumer hungry for information and advice. But are the heady days now over?
Cracks Appear in China’s Fashion Magazine Landscape
Even as print media sputtered in the West, fashion magazines in Greater China continued to thrive on seemingly endless advertising dollars chasing a consumer hungry for information and advice. But are the heady days now over?
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.