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
Financial Markets
Snap Lowers Valuation Expectations in Highly Awaited IPO
Investors have been poring over the filing for Snap's upcoming IPO to assess whether the still-unprofitable company will be the next Facebook Inc.
Snap Lowers Valuation Expectations in Highly Awaited IPO
Investors have been poring over the filing for Snap's upcoming IPO to assess whether the still-unprofitable company will be the next Facebook Inc.
Financial Markets
Report: Alibaba's Ant Financial Planning to Raise $2 to $3 billion in Debt
The world's largest financial technology firm plans to use some part of the proceeds to fund its acquisition of US money-transfer company MoneyGram International Inc.
Report: Alibaba's Ant Financial Planning to Raise $2 to $3 billion in Debt
The world's largest financial technology firm plans to use some part of the proceeds to fund its acquisition of US money-transfer company MoneyGram International Inc.
Financial Markets
Tough Trade Weakens Hand of UK Retailers as Refinancing Looms
Retail is emerging as a sickly sector within a UK economy that grew at 2 percent last year, though December retail sales fell at the fastest pace in almost five years.
Tough Trade Weakens Hand of UK Retailers as Refinancing Looms
Retail is emerging as a sickly sector within a UK economy that grew at 2 percent last year, though December retail sales fell at the fastest pace in almost five years.
Financial Markets
Macy's Investor Starboard is 'Impatient for Change'
Macy’s Inc. activist holder Starboard Value LP invested in the retailer “too early” and may grow impatient for bolder changes at the company.
Macy's Investor Starboard is 'Impatient for Change'
Macy’s Inc. activist holder Starboard Value LP invested in the retailer “too early” and may grow impatient for bolder changes at the company.
Financial Markets
BoF Exclusive | Diesel Founder Acquires Minority Stake in Tomorrow London
The family investment arm of Diesel founder Renzo Rosso has acquired a “high single digit” stake in the multi-sales platform Tomorrow London.
BoF Exclusive | Diesel Founder Acquires Minority Stake in Tomorrow London
The family investment arm of Diesel founder Renzo Rosso has acquired a “high single digit” stake in the multi-sales platform Tomorrow London.
Financial Markets
Bain Exit Leaves Edcon Struggling in South Africa Retail Slump
Bain Capital Partners LLC’s decision to walk away from Edcon Holdings Ltd. leaves South Africa’s largest clothing retailer to claw back market share.
Bain Exit Leaves Edcon Struggling in South Africa Retail Slump
Bain Capital Partners LLC’s decision to walk away from Edcon Holdings Ltd. leaves South Africa’s largest clothing retailer to claw back market share.
Financial Markets
Investcorp Says Abu Dhabi’s Mubadala to Acquire 20 Percent Stake
Abu Dhabi sovereign investment fund Mubadala Development Co. will acquire a 20 percent stake in alternative investment firm Investcorp Bank BSC, which has backed companies including Tiffany & Co. and Gucci Ltd. under founder Nemir Kirdar.
Investcorp Says Abu Dhabi’s Mubadala to Acquire 20 Percent Stake
Abu Dhabi sovereign investment fund Mubadala Development Co. will acquire a 20 percent stake in alternative investment firm Investcorp Bank BSC, which has backed companies including Tiffany & Co. and Gucci Ltd. under founder Nemir Kirdar.
Beauty
What's Driving the Goldrush for Korean Beauty Brands?
South Korea’s booming beauty industry has received its second major investment in a week.
What's Driving the Goldrush for Korean Beauty Brands?
South Korea’s booming beauty industry has received its second major investment in a week.
Financial Markets
As Markets Reach New Highs, World’s Top Investors Sound Alarm
Investors have cautioned that buyers may be ignoring sluggish economic growth and Britain’s departure from the European Union as they look to put their money somewhere, anywhere, amid low interest rates.
As Markets Reach New Highs, World’s Top Investors Sound Alarm
Investors have cautioned that buyers may be ignoring sluggish economic growth and Britain’s departure from the European Union as they look to put their money somewhere, anywhere, amid low interest rates.
Financial Markets
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
Financial Markets
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
Financial Markets
Valentino’s Qatari Owners Acquire Balmain
Mayhoola for Investments, an investment fund backed by the emir of Qatar, acquired Balmain, adding a brand favoured by Kim Kardashian to a roster of labels that includes Valentino.
Valentino’s Qatari Owners Acquire Balmain
Mayhoola for Investments, an investment fund backed by the emir of Qatar, acquired Balmain, adding a brand favoured by Kim Kardashian to a roster of labels that includes Valentino.
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.