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
A Guide to Early-Stage Fundraising
Nascent brands often seek external capital to fuel future growth — or simply stay afloat. But how much money should start-ups really be raising, when and from where?
A Guide to Early-Stage Fundraising
Nascent brands often seek external capital to fuel future growth — or simply stay afloat. But how much money should start-ups really be raising, when and from where?
Financial Markets
A $140 Billion Asset Manager Bets on H&M Rebound as Others Flee
Chicago-based Harris Associates LP increased its stake in H&M fourfold last year and currently holds more than 5 percent of the Swedish fashion retailer’s shares.
A $140 Billion Asset Manager Bets on H&M Rebound as Others Flee
Chicago-based Harris Associates LP increased its stake in H&M fourfold last year and currently holds more than 5 percent of the Swedish fashion retailer’s shares.
Financial Markets
Depop Secures $20 Million for US Expansion
The social shopping platform will use the new funding to open brick-and-mortar stores in New York and LA.
Depop Secures $20 Million for US Expansion
The social shopping platform will use the new funding to open brick-and-mortar stores in New York and LA.
Financial Markets
Mary Katrantzou Raises Investment to Boost Business in China
The London-based designer has raised a round of funding led by Chinese investor Wendy Yu, who is fostering an ecosystem of brands targeting China’s consumers.
Mary Katrantzou Raises Investment to Boost Business in China
The London-based designer has raised a round of funding led by Chinese investor Wendy Yu, who is fostering an ecosystem of brands targeting China’s consumers.
Financial Markets
Highsnobiety Raises $8.5 Million Venture Round
The influential streetwear site will use the new funding to scale its branded content, e-commerce and events businesses.
Highsnobiety Raises $8.5 Million Venture Round
The influential streetwear site will use the new funding to scale its branded content, e-commerce and events businesses.
Financial Markets
JD.com Will Invest over $3 Billion in 'Rustbelt' Regions
JD's efforts are aimed at upgrading industries and creating jobs and will include the construction of an e-commerce settlement centre that would create 9,000 jobs, the Xinhua news agency reported.
JD.com Will Invest over $3 Billion in 'Rustbelt' Regions
JD's efforts are aimed at upgrading industries and creating jobs and will include the construction of an e-commerce settlement centre that would create 9,000 jobs, the Xinhua news agency reported.
Financial Markets
OAMC Sells Stake to Onward Luxury Group
The strategic partnership will enable the French street-luxe brand to launch its own e-commerce operations, open its first retail store and expand into new product categories.
OAMC Sells Stake to Onward Luxury Group
The strategic partnership will enable the French street-luxe brand to launch its own e-commerce operations, open its first retail store and expand into new product categories.
Financial Markets
Tomorrow London Acquires Stake in A-Cold-Wall
The move comes as investors are increasingly drawn to the growth potential of streetwear.
Tomorrow London Acquires Stake in A-Cold-Wall
The move comes as investors are increasingly drawn to the growth potential of streetwear.
Financial Markets
Why Private Equity Is Still Chasing Fashion
Private equity firms are steering clear of traditional fashion brands, but those with disruptive models remain prized acquisitions.
Why Private Equity Is Still Chasing Fashion
Private equity firms are steering clear of traditional fashion brands, but those with disruptive models remain prized acquisitions.
Financial Markets
The Top 10 M&A Targets in Streetwear
Supreme’s partnership with private equity giant Carlyle is symbolic of streetwear’s high growth potential. BoF identifies the top acquisition targets in the space.
The Top 10 M&A Targets in Streetwear
Supreme’s partnership with private equity giant Carlyle is symbolic of streetwear’s high growth potential. BoF identifies the top acquisition targets in the space.
Financial Markets
L Catterton Acquires Majority Stake in Ganni
With new backing from the LVMH-linked private equity firm, the distinctive Danish label has its sights set on global growth.
L Catterton Acquires Majority Stake in Ganni
With new backing from the LVMH-linked private equity firm, the distinctive Danish label has its sights set on global growth.
Financial Markets
Inside Dr. Martens’ Billion-Dollar Ambitions
After a period of trouble, the counterculture boot-maker is thriving. How far can it go? And when will its private equity owner exit?
Inside Dr. Martens’ Billion-Dollar Ambitions
After a period of trouble, the counterculture boot-maker is thriving. How far can it go? And when will its private equity owner exit?
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.