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
Scooter Braun Invests in Editorialist
Editorialist’s luxury content-and-commerce business joins the music entrepreneur’s growing list of investments under Ithaca Ventures.
Scooter Braun Invests in Editorialist
Editorialist’s luxury content-and-commerce business joins the music entrepreneur’s growing list of investments under Ithaca Ventures.
Financial Markets
Why Private Equity Is Betting on Payment-Processing Technology
As e-commerce systems and technology become increasingly sophisticated, private equity firms are looking to invest in the cashless future of retail.
Why Private Equity Is Betting on Payment-Processing Technology
As e-commerce systems and technology become increasingly sophisticated, private equity firms are looking to invest in the cashless future of retail.
News & Analysis
Walmart Heirs Snap Up Rapha, the British Bikewear Brand
"A slew of hungry investors, which included LVMH and the Italian private equity group Investindustrial, started to circle when rumors of a possible
Walmart Heirs Snap Up Rapha, the British Bikewear Brand
"A slew of hungry investors, which included LVMH and the Italian private equity group Investindustrial, started to circle when rumors of a possible
Financial Markets
Osman Sells Majority Stake to Luxcite
The London-based brand's founder, Osman Yousefzada, said the capital will be used to deepen wholesale partnerships and ramp up direct-to-consumer sales.
Osman Sells Majority Stake to Luxcite
The London-based brand's founder, Osman Yousefzada, said the capital will be used to deepen wholesale partnerships and ramp up direct-to-consumer sales.
Financial Markets
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
Financial Markets
VC Firm That Backed Gwyneth Paltrow Raises $150 Million
Felix Capital Partners plans to use the money to grab stakes in early-stage startups that tap into the growth of digital brands.
VC Firm That Backed Gwyneth Paltrow Raises $150 Million
Felix Capital Partners plans to use the money to grab stakes in early-stage startups that tap into the growth of digital brands.
Financial Markets
Why Artémis, Not Kering, Invested in Giambattista Valli
Last week, Artémis, the mega holding company of the Pinault family, announced that it has acquired a minority stake in Giambattista Valli. But why didn’t Kering just make the investment itself?
Why Artémis, Not Kering, Invested in Giambattista Valli
Last week, Artémis, the mega holding company of the Pinault family, announced that it has acquired a minority stake in Giambattista Valli. But why didn’t Kering just make the investment itself?
Financial Markets
Burberry Faces Investor Advisory Groups' Wrath on Executive Pay
The British luxury goods maker is facing growing opposition from some of its investors over how much it plans to award its executive team at this year's shareholder meeting.
Burberry Faces Investor Advisory Groups' Wrath on Executive Pay
The British luxury goods maker is facing growing opposition from some of its investors over how much it plans to award its executive team at this year's shareholder meeting.
Financial Markets
News Bites | Chaos to Launch Magazine, Zanzan Lands Investment
In today’s News Bites, Charlotte Stockdale and Katie Lyall are set to launch a magazine, while sunglasses brand Zanzan receives investment from Eiesha Bharti Pasricha.
News Bites | Chaos to Launch Magazine, Zanzan Lands Investment
In today’s News Bites, Charlotte Stockdale and Katie Lyall are set to launch a magazine, while sunglasses brand Zanzan receives investment from Eiesha Bharti Pasricha.
News & Analysis
Lululemon Has Invested in a Cycling Apparel Startup
"The collaboration points to the work that Lululemon's executive team has done to try to sell shoppers the idea that the apparel retailer does more
Lululemon Has Invested in a Cycling Apparel Startup
"The collaboration points to the work that Lululemon's executive team has done to try to sell shoppers the idea that the apparel retailer does more
Financial Markets
Hudson's Bay Targeted by Activist Investor Land & Buildings
Land & Buildings Investment Management, which owns 4.3 percent of Hudson's Bay, urged it to unlock the value of its real estate portfolio and explore a take-private transaction.
Hudson's Bay Targeted by Activist Investor Land & Buildings
Land & Buildings Investment Management, which owns 4.3 percent of Hudson's Bay, urged it to unlock the value of its real estate portfolio and explore a take-private transaction.
Financial Markets
LVMH Chief Raises Concerns on Global Economy
Bernard Arnault, the chairman and chief executive of LVMH, said he is optimistic about France’s new president, but worried about the state of the global economy.
LVMH Chief Raises Concerns on Global Economy
Bernard Arnault, the chairman and chief executive of LVMH, said he is optimistic about France’s new president, but worried about the state of the global economy.
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.