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
Vancouver’s ‘Golden Time’ Unleashing Luxury Boom
An influx of rich Chinese has made the Canadian city, known for its outdoor lifestyle and ability to produce homegrown international brands, increasingly strategic to the global luxury sector.
Vancouver’s ‘Golden Time’ Unleashing Luxury Boom
An influx of rich Chinese has made the Canadian city, known for its outdoor lifestyle and ability to produce homegrown international brands, increasingly strategic to the global luxury sector.
Financial Markets
Apax Makes Waves on the Battlefield of Luxury E-Commerce
With MatchesFashion and now Moda Operandi in its portfolio of investments, what is Apax Partners’ endgame in fashion e-commerce?
Apax Makes Waves on the Battlefield of Luxury E-Commerce
With MatchesFashion and now Moda Operandi in its portfolio of investments, what is Apax Partners’ endgame in fashion e-commerce?
Financial Markets
Carmen Busquets Leads Seed Funding for Maison-De-Mode.com
The luxury ethical retailer plans to use the capital to help scale the business further by growing the size of the company's team, investing in new technologies and expanding into new product categories.
Carmen Busquets Leads Seed Funding for Maison-De-Mode.com
The luxury ethical retailer plans to use the capital to help scale the business further by growing the size of the company's team, investing in new technologies and expanding into new product categories.
Financial Markets
L'Officiel and US Partner GEM Group Announce $50 Million Investment Fund
The partners will support global and emerging brands with capital and marketing support.
L'Officiel and US Partner GEM Group Announce $50 Million Investment Fund
The partners will support global and emerging brands with capital and marketing support.
Financial Markets
BoF Exclusive | Victoria Beckham Raises £30 Million to Boost Fashion Brand
The pop star-turned-fashion entrepreneur has raised new funding from growth equity firm Neo Investment Partners in a deal that valued the business at £100 million.
BoF Exclusive | Victoria Beckham Raises £30 Million to Boost Fashion Brand
The pop star-turned-fashion entrepreneur has raised new funding from growth equity firm Neo Investment Partners in a deal that valued the business at £100 million.
Financial Markets
Hudson's Bay Investors Urge Debt Reduction
The department store chain's shareholders want it to return cash to them and not invest the proceeds in traditional retail operations.
Hudson's Bay Investors Urge Debt Reduction
The department store chain's shareholders want it to return cash to them and not invest the proceeds in traditional retail operations.
Financial Markets
Billionaire Frere Increases Burberry Stake After Share Plunge
Albert Frere, a longtime business associate of Bernard Arnault, raised his holding to 6 percent from 4 percent a day after its shares fell 10 percent on disappointment over Marco Gobbetti’s strategic plan.
Billionaire Frere Increases Burberry Stake After Share Plunge
Albert Frere, a longtime business associate of Bernard Arnault, raised his holding to 6 percent from 4 percent a day after its shares fell 10 percent on disappointment over Marco Gobbetti’s strategic plan.
Financial Markets
How Supreme Grew a $1 Billion Business with a Secret Partner
Supreme scaled from scrappy start-up to billion-dollar streetwear juggernaut with private equity funding going back to 2014.
How Supreme Grew a $1 Billion Business with a Secret Partner
Supreme scaled from scrappy start-up to billion-dollar streetwear juggernaut with private equity funding going back to 2014.
Financial Markets
How to Sell a Fashion Brand
Founders aiming to sell a stake in their company must be able to answer a series of critical questions.
How to Sell a Fashion Brand
Founders aiming to sell a stake in their company must be able to answer a series of critical questions.
Financial Markets
Supreme Confirms Investment From Carlyle Group
Supreme founder James Jebbia has confirmed that private equity giant The Carlyle Group has taken a stake in the skater-inflected label and longtime purveyor of ‘downtown cool.’
Supreme Confirms Investment From Carlyle Group
Supreme founder James Jebbia has confirmed that private equity giant The Carlyle Group has taken a stake in the skater-inflected label and longtime purveyor of ‘downtown cool.’
Financial Markets
Nestlé Chief's Strategic Vision Overshadowed by Death at L'Oréal
Following the death of heiress Liliane Bettencourt, Nestlé management faces increased pressure to 'clarify its thinking on the company’s mid-term relationship with L'Oréal,' say analysts.
Nestlé Chief's Strategic Vision Overshadowed by Death at L'Oréal
Following the death of heiress Liliane Bettencourt, Nestlé management faces increased pressure to 'clarify its thinking on the company’s mid-term relationship with L'Oréal,' say analysts.
Financial Markets
Artemis Launches Kering €375 Million Convertible Bond Offer
The bond offer from Francois Pinault's family holding company will give investors exposure to shares in Pinault's luxury goods group Kering.
Artemis Launches Kering €375 Million Convertible Bond Offer
The bond offer from Francois Pinault's family holding company will give investors exposure to shares in Pinault's luxury goods group Kering.
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.