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
Starwood Said to Offer $1.2 Billion US Shopping Malls for Sale
Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland.
Starwood Said to Offer $1.2 Billion US Shopping Malls for Sale
Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland.
Financial Markets
Wal-Mart to Buy 5 Percent Stake in JD.com as Part of Alliance in China
Wal-Mart Stores Inc. will acquire a 5 percent stake in Asian e-commerce giant JD.com Inc. as part of a deal that will reshape the US retail chain’s operations in China.
Wal-Mart to Buy 5 Percent Stake in JD.com as Part of Alliance in China
Wal-Mart Stores Inc. will acquire a 5 percent stake in Asian e-commerce giant JD.com Inc. as part of a deal that will reshape the US retail chain’s operations in China.
Financial Markets
LVMH, Kering, Richemont? Where to Place Your Bets.
As the global luxury market drifts, Luca Solca identifies four investment strategies for the sector.
LVMH, Kering, Richemont? Where to Place Your Bets.
As the global luxury market drifts, Luca Solca identifies four investment strategies for the sector.
Financial Markets
Marzotto Family Backs Hugo Boss’s New CEO by Increasing Stake
Italy’s Marzotto family increased its stake in Hugo Boss, showing confidence that new chief executive officer Mark Langer can turn around the struggling German clothier.
Marzotto Family Backs Hugo Boss’s New CEO by Increasing Stake
Italy’s Marzotto family increased its stake in Hugo Boss, showing confidence that new chief executive officer Mark Langer can turn around the struggling German clothier.
Financial Markets
Alibaba Shares Squeezed by SEC Probe, SoftBank Sale
The shares have dropped 6.4 percent to $75.92 since May 25.
Alibaba Shares Squeezed by SEC Probe, SoftBank Sale
The shares have dropped 6.4 percent to $75.92 since May 25.
Financial Markets
China to Open E-Commerce, Other Sectors to Foreign Investment
China will lift restrictions to investments by foreign firms in a range of service industry sectors, including e-commerce, logistics, accounting and auditing, the China Securities News quoted commerce minister Gao Hucheng as saying.
China to Open E-Commerce, Other Sectors to Foreign Investment
China will lift restrictions to investments by foreign firms in a range of service industry sectors, including e-commerce, logistics, accounting and auditing, the China Securities News quoted commerce minister Gao Hucheng as saying.
Technology
BoF Exclusive | Farfetch Raises $110 Million in 'Strategic' Move
BoF can exclusively reveal that fashion e-commerce platform Farfetch has closed a $110 million Series F round, led by new investors Temasek, IDG Capital Partners and Eurazeo.
BoF Exclusive | Farfetch Raises $110 Million in 'Strategic' Move
BoF can exclusively reveal that fashion e-commerce platform Farfetch has closed a $110 million Series F round, led by new investors Temasek, IDG Capital Partners and Eurazeo.
Financial Markets
Kinnevik Directors Exit Rocket Board in Sign of Fraying Alliance
Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years.
Kinnevik Directors Exit Rocket Board in Sign of Fraying Alliance
Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years.
Financial Markets
Alibaba Affiliate Ant Financial Closes $4.5Bn Funding Round
Alibaba Group Holding Ltd's affiliate Ant Financial Services Group has closed a $4.5 billion funding round, paving the way for a long-expected IPO.
Alibaba Affiliate Ant Financial Closes $4.5Bn Funding Round
Alibaba Group Holding Ltd's affiliate Ant Financial Services Group has closed a $4.5 billion funding round, paving the way for a long-expected IPO.
Financial Markets
SoftBank Group Invests $250 Million in Talent Agency WME-IMG
SoftBank Group Corp., the Japanese telecommunications company, invested $250 million in WME-IMG LLC in a deal that values the sports and entertainment agency at $5.5 billion.
SoftBank Group Invests $250 Million in Talent Agency WME-IMG
SoftBank Group Corp., the Japanese telecommunications company, invested $250 million in WME-IMG LLC in a deal that values the sports and entertainment agency at $5.5 billion.
Technology
Bits & Bytes | Indian E-Commerce Race, Everlane Reportedly Seeking Investment
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Indian E-Commerce Race, Everlane Reportedly Seeking Investment
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Financial Markets
Zimmermann Secures Investment from General Atlantic, Plans Global Expansion
BoF can exclusively reveal that Australian fashion and swimwear label Zimmermann has taken a minority investment from General Atlantic, a growth equity firm, to fuel the brand’s global expansion.
Zimmermann Secures Investment from General Atlantic, Plans Global Expansion
BoF can exclusively reveal that Australian fashion and swimwear label Zimmermann has taken a minority investment from General Atlantic, a growth equity firm, to fuel the brand’s global expansion.
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.