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
Permira Said to Double Returns as It Exits Stake in Hugo Boss
Buyout firm Permira Advisers is set to make about twice its original investment in Hugo Boss AG as it sells its remaining stake in the German retailer.
Permira Said to Double Returns as It Exits Stake in Hugo Boss
Buyout firm Permira Advisers is set to make about twice its original investment in Hugo Boss AG as it sells its remaining stake in the German retailer.
Technology
Bits & Bytes | Apple Watch, Zalando, Amazon, Memebox
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Apple Watch, Zalando, Amazon, Memebox
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Financial Markets
Yahoo to Spin Off Alibaba Stake
Yahoo! Inc. announced a tax-free spinoff of its stake in Alibaba Group Holding Ltd., seeking to maximize the return of cash to shareholders and triggering a 10 percent jump in the Web portal’s shares.
Yahoo to Spin Off Alibaba Stake
Yahoo! Inc. announced a tax-free spinoff of its stake in Alibaba Group Holding Ltd., seeking to maximize the return of cash to shareholders and triggering a 10 percent jump in the Web portal’s shares.
Global Markets
At Kering, Turmoil and Soft Profits
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
At Kering, Turmoil and Soft Profits
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
Financial Markets
6 Emerging Fashion Brands Worth Investing In
In the last two years, emerging fashion brands like Christopher Kane, Altuzarra, JW Anderson, Nicholas Kirkwood and Roksanda have attracted a flurry of investment. Who’s next? BoF identifies the young fashion labels we would bet on, based on their commercial and creative potential.
6 Emerging Fashion Brands Worth Investing In
In the last two years, emerging fashion brands like Christopher Kane, Altuzarra, JW Anderson, Nicholas Kirkwood and Roksanda have attracted a flurry of investment. Who’s next? BoF identifies the young fashion labels we would bet on, based on their commercial and creative potential.
Financial Markets
Permira Reviving Talks for Stake in Roberto Cavalli?
Permira Advisers LLP has approached Roberto Cavalli SpA about a possible acquisition of a stake in the Italian fashion house, two people familiar with the matter said.
Permira Reviving Talks for Stake in Roberto Cavalli?
Permira Advisers LLP has approached Roberto Cavalli SpA about a possible acquisition of a stake in the Italian fashion house, two people familiar with the matter said.
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.