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.
investing
Latest News & Analysis
Financial Markets
LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
News & Analysis
HPE Growth Backs WeTransfer in €35m Secondary Funding Round
"Our overarching mission is to become the go-to source for beautiful, intuitive tools that facilitate creativity, rather than distract from it."
HPE Growth Backs WeTransfer in €35m Secondary Funding Round
"Our overarching mission is to become the go-to source for beautiful, intuitive tools that facilitate creativity, rather than distract from it."
Financial Markets
Facebook Bets on Indian Start-Up in $125 Million Funding Round
The social network giant is the latest to join investments into Indian e-commerce marketplace Meesho, which connects apparel resellers to social media platforms including WhatsApp.
Facebook Bets on Indian Start-Up in $125 Million Funding Round
The social network giant is the latest to join investments into Indian e-commerce marketplace Meesho, which connects apparel resellers to social media platforms including WhatsApp.
Financial Markets
Ambani’s Reliance to Buy Google-Backed Indian E-Commerce Startup
The Indian multinational conglomerate will invest up to $42 million for a majority stake in the google-backed retail startup Fynd.
Ambani’s Reliance to Buy Google-Backed Indian E-Commerce Startup
The Indian multinational conglomerate will invest up to $42 million for a majority stake in the google-backed retail startup Fynd.
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Financial Markets
La Perla Owner Bets on Ralph & Russo with Minority Stake
The label made famous by Meghan Markle lost £2.5 million ($3.1 million) on £14.3 million of sales in 2017, according to public filings.
La Perla Owner Bets on Ralph & Russo with Minority Stake
The label made famous by Meghan Markle lost £2.5 million ($3.1 million) on £14.3 million of sales in 2017, according to public filings.
Beauty
Brazil's Natura to Invest in New Brands
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
Brazil's Natura to Invest in New Brands
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
News & Analysis
VC Firms Polish Their Own Brands to Chase the Next Consumer Hit
"The shift has accelerated as competition has grown and firms have paid more attention to consumer-facing startups."
VC Firms Polish Their Own Brands to Chase the Next Consumer Hit
"The shift has accelerated as competition has grown and firms have paid more attention to consumer-facing startups."
Luxury
Gabriela Hearst: A New Kind of Old Luxury
At a time when the idea of ‘American luxury’ can feel like an oxymoron, the Uruguayan-American entrepreneur has attracted backing from French luxury group LVMH for her honest vision, marrying beautifully crafted collections with sustainable business practices.
Gabriela Hearst: A New Kind of Old Luxury
At a time when the idea of ‘American luxury’ can feel like an oxymoron, the Uruguayan-American entrepreneur has attracted backing from French luxury group LVMH for her honest vision, marrying beautifully crafted collections with sustainable business practices.
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Financial Markets
Chinese Investors Woo European Brands. It’s Complicated.
Chinese backers have snapped up distressed European fashion labels hoping to tap the country’s millions of heritage-hungry millennials. But things haven’t always gone to plan.
Chinese Investors Woo European Brands. It’s Complicated.
Chinese backers have snapped up distressed European fashion labels hoping to tap the country’s millions of heritage-hungry millennials. But things haven’t always gone to plan.
Financial Markets
The BoF Podcast: StockX Co-Founder on Expanding from Streetwear to Luxury
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
The BoF Podcast: StockX Co-Founder on Expanding from Streetwear to Luxury
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
Beauty
Laura Mercier Founder Says Trust Yourself and Keep Working
Brand builder and investor Janet Gurwitch shares advice on choosing the right channel and the power of packaging.
Laura Mercier Founder Says Trust Yourself and Keep Working
Brand builder and investor Janet Gurwitch shares advice on choosing the right channel and the power of packaging.
Financial Markets
Tory Burch Programme for Women Receives Additional $50 Million from Bank of America
The funding awarded to the Tory Burch Foundation will support female entrepreneurs who might not qualify for traditional credit.
Tory Burch Programme for Women Receives Additional $50 Million from Bank of America
The funding awarded to the Tory Burch Foundation will support female entrepreneurs who might not qualify for traditional credit.
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.