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
LVMH Takes Minority Stake in Gabriela Hearst
The investment in the nascent New York-based label was made by the conglomerate's venture arm.
LVMH Takes Minority Stake in Gabriela Hearst
The investment in the nascent New York-based label was made by the conglomerate's venture arm.
Luxury
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Financial Markets
Report: Diesel Founder Interested in Roberto Cavalli
Renzo Rosso is interested in buying the luxury brand through his OTB holding company, according to Italian paper Il Sole 24 Ore.
Report: Diesel Founder Interested in Roberto Cavalli
Renzo Rosso is interested in buying the luxury brand through his OTB holding company, according to Italian paper Il Sole 24 Ore.
Financial Markets
LVMH-Backed Buyout Firm Invests in Top Chinese Gym Chain Will's
The transaction adds to the $84 billion of private equity deals announced this year involving Chinese targets.
LVMH-Backed Buyout Firm Invests in Top Chinese Gym Chain Will's
The transaction adds to the $84 billion of private equity deals announced this year involving Chinese targets.
China
China Stakes Fashion Claim in the Middle East
The Middle East is China's next new frontier in fashion, Burberry is rumoured to be eyeing a London-Shanghai stock link, and JD.com’s singles day student labour surfaces. Read China Decoded to make sense of the market.
China Stakes Fashion Claim in the Middle East
The Middle East is China's next new frontier in fashion, Burberry is rumoured to be eyeing a London-Shanghai stock link, and JD.com’s singles day student labour surfaces. Read China Decoded to make sense of the market.
Financial Markets
H&M Sentiment Shifts as Recent Gains Erase Year's Deep Losses
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
H&M Sentiment Shifts as Recent Gains Erase Year's Deep Losses
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
Financial Markets
Tory Burch Buys Back Stake
The American fashion brand is buying back Mexican private equity firm Tresalia Capital's minority stake in the business.
Tory Burch Buys Back Stake
The American fashion brand is buying back Mexican private equity firm Tresalia Capital's minority stake in the business.
Financial Markets
Walmart, Macy's Test Investors' Patience in Chasing After Amazon
Taking on Amazon — and its two-day delivery model — doesn’t come cheap, and shareholders are beginning to wonder if the heavy investments will be sustainable when demand inevitably subsides.
Walmart, Macy's Test Investors' Patience in Chasing After Amazon
Taking on Amazon — and its two-day delivery model — doesn’t come cheap, and shareholders are beginning to wonder if the heavy investments will be sustainable when demand inevitably subsides.
Financial Markets
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
Financial Markets
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
Financial Markets
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Financial Markets
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
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.