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
Chinese Firms Make a Push into Luxury
Chinese apparel group Shandong Ruyi said its ambition was to become 'the LVMH group of China.'
Chinese Firms Make a Push into Luxury
Chinese apparel group Shandong Ruyi said its ambition was to become 'the LVMH group of China.'
Financial Markets
Fosun Buys Majority Stake in Lanvin
The Chinese conglomerate has completed a deal to become the majority shareholder in Lanvin, beating off competition from Qatari investment fund Mayhoola.
Fosun Buys Majority Stake in Lanvin
The Chinese conglomerate has completed a deal to become the majority shareholder in Lanvin, beating off competition from Qatari investment fund Mayhoola.
Financial Markets
Report: Fosun Outbids Mayhoola for Lanvin
The Chinese conglomerate will inject more than €100 million into the troubled French heritage label, according to market reports.
Report: Fosun Outbids Mayhoola for Lanvin
The Chinese conglomerate will inject more than €100 million into the troubled French heritage label, according to market reports.
Financial Markets
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Financial Markets
Alibaba to Take $486 Million Stake in China Retail Data Firm
Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition from Tencent.
Alibaba to Take $486 Million Stake in China Retail Data Firm
Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition from Tencent.
Financial Markets
Former Perry Ellis Chairman Offers to Buy Company for $430 Million
George Feldenkreis, who is the company’s largest shareholder, offered $27.50 per Perry Ellis share.
Former Perry Ellis Chairman Offers to Buy Company for $430 Million
George Feldenkreis, who is the company’s largest shareholder, offered $27.50 per Perry Ellis share.
Beauty
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
Financial Markets
Alibaba to Buy 33 Percent Stake in Ant Financial, Paving Way for IPO
The stake will be the first since Ant's controversial spin-off in 2011.
Alibaba to Buy 33 Percent Stake in Ant Financial, Paving Way for IPO
The stake will be the first since Ant's controversial spin-off in 2011.
Financial Markets
Tencent to Invest $1.6 Billion in Menswear Firm Heilan, Sources Say
JD.com and Vipshop were among investors to acquire almost 10 percent of the company for 5 billion yuan, as Tencent pushes into retail to compete with Alibaba.
Tencent to Invest $1.6 Billion in Menswear Firm Heilan, Sources Say
JD.com and Vipshop were among investors to acquire almost 10 percent of the company for 5 billion yuan, as Tencent pushes into retail to compete with Alibaba.
Financial Markets
Activist Investor Says Hudson's Bay Has Ample Cash to Go Private
Jonathan Litt's Land and Buildings hedge fund has been pressing the company to boost its sliding share price by extracting value from its sizeable real estate holdings.
Activist Investor Says Hudson's Bay Has Ample Cash to Go Private
Jonathan Litt's Land and Buildings hedge fund has been pressing the company to boost its sliding share price by extracting value from its sizeable real estate holdings.
China
Chinese Investors Pile Into Global Fashion Businesses
In this month’s China Edit, BoF explores the flurry of activity from Chinese firms investing in the fashion sector.
Chinese Investors Pile Into Global Fashion Businesses
In this month’s China Edit, BoF explores the flurry of activity from Chinese firms investing in the fashion sector.
Financial Markets
Fyodor Golan Lands Investment from Eiesha Bharti Pasricha
The London-based womenswear label plans to ramp up its direct-to-consumer business and sell its main collection during pre-seasons.
Fyodor Golan Lands Investment from Eiesha Bharti Pasricha
The London-based womenswear label plans to ramp up its direct-to-consumer business and sell its main collection during pre-seasons.
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.