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
The Real World of Crazy Rich Asians
The rare Hollywood film with a largely Asian cast signals a major step forward for representation, but does it tell us anything about Asia’s ultra luxury market? BoF investigates.
The Real World of Crazy Rich Asians
The rare Hollywood film with a largely Asian cast signals a major step forward for representation, but does it tell us anything about Asia’s ultra luxury market? BoF investigates.
Global Markets
China’s Running Craze Gains Mileage in Fashion
As China’s running boom gathers pace, spurred by the ‘athleisure’ trend and encouragement from the government, brands are adjusting their strategies.
China’s Running Craze Gains Mileage in Fashion
As China’s running boom gathers pace, spurred by the ‘athleisure’ trend and encouragement from the government, brands are adjusting their strategies.
China
How Luxury Brands Can Seize the Qixi Opportunity
As Chinese Valentine’s Day approaches, experts weigh in on how luxury brands can capitalise on one of the most important shopping festivals in China.
How Luxury Brands Can Seize the Qixi Opportunity
As Chinese Valentine’s Day approaches, experts weigh in on how luxury brands can capitalise on one of the most important shopping festivals in China.
News & Analysis
Selling Sparkle to Africa’s Super Rich
As Africa’s two largest economies make a comeback, brands and retailers see growing opportunity for fine jewellery sales on the continent.
Selling Sparkle to Africa’s Super Rich
As Africa’s two largest economies make a comeback, brands and retailers see growing opportunity for fine jewellery sales on the continent.
China
Controversial Hip-Hop Stars Keep Brands Guessing
China’s streetwear market is booming thanks to the local hip-hop scene, but its stars are under the microscope of the authorities.
Controversial Hip-Hop Stars Keep Brands Guessing
China’s streetwear market is booming thanks to the local hip-hop scene, but its stars are under the microscope of the authorities.
China
Chinese E-Commerce Giants Battle for Luxury Supremacy
Alibaba’s Luxury Pavilion and JD.com’s Toplife are going head-to-head, but which of these specialised platforms is a better partner for luxury brands?
Chinese E-Commerce Giants Battle for Luxury Supremacy
Alibaba’s Luxury Pavilion and JD.com’s Toplife are going head-to-head, but which of these specialised platforms is a better partner for luxury brands?
China
Cheaper Luxury Gets Chinese Excited
Louis Vuitton, Gucci, Hermès and Burberry all reduced their prices in China this month. Who is next and how will this impact the bottom line?
Cheaper Luxury Gets Chinese Excited
Louis Vuitton, Gucci, Hermès and Burberry all reduced their prices in China this month. Who is next and how will this impact the bottom line?
China
China’s Hottest New Social Media App
Douyin, an addictive video app with 300 million active users, has fashion and beauty brands wondering whether they should get in on the action.
China’s Hottest New Social Media App
Douyin, an addictive video app with 300 million active users, has fashion and beauty brands wondering whether they should get in on the action.
Global Markets
Can Beirut Steal Some of Dubai’s Thunder?
Lebanon’s capital can’t compete in terms of scale, but a fearless new Beirut fashion school founded by Elie Saab proves there is more to play for in the Middle East than meets the eye.
Can Beirut Steal Some of Dubai’s Thunder?
Lebanon’s capital can’t compete in terms of scale, but a fearless new Beirut fashion school founded by Elie Saab proves there is more to play for in the Middle East than meets the eye.
Global Markets
Turkey: Troubled, Resilient and Full of Opportunity
For many fashion executives, two years of upheaval has led to uncertainty, but for others Turkey’s increasingly polarised market signals new business opportunities.
Turkey: Troubled, Resilient and Full of Opportunity
For many fashion executives, two years of upheaval has led to uncertainty, but for others Turkey’s increasingly polarised market signals new business opportunities.
China
Li Ning Spars With Nike and Adidas
Hungry for more of China’s $33 billion sportswear market, Li Ning wants to outdo the competition. This week, the Chinese giant will reveal a collaboration with a major international designer at its Paris fashion show.
Li Ning Spars With Nike and Adidas
Hungry for more of China’s $33 billion sportswear market, Li Ning wants to outdo the competition. This week, the Chinese giant will reveal a collaboration with a major international designer at its Paris fashion show.
Global Markets
North Korea: Fashion’s Next Sourcing Opportunity?
While denuclearisation is the focus of the historic US-North Korea Summit, shrewd Asian manufacturers will be pondering the impact on business.
North Korea: Fashion’s Next Sourcing Opportunity?
While denuclearisation is the focus of the historic US-North Korea Summit, shrewd Asian manufacturers will be pondering the impact on business.
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.