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.

Based on Wednesday's closing price, the stake Global Founders GmbH — the investment vehicle of German start-up investors Oliver, Marc and Alexander Samwer — has sold is worth €391 million.

Based on Wednesday's closing price, the stake Global Founders GmbH — the investment vehicle of German start-up investors Oliver, Marc and Alexander Samwer — has sold is worth €391 million.

Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.

Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.

As shares of Hennes & Mauritz fall, its chairman Stefan Persson has bought an additional 20.6 million shares in the company, raising his combined investment to 39.7 percent.

As shares of Hennes & Mauritz fall, its chairman Stefan Persson has bought an additional 20.6 million shares in the company, raising his combined investment to 39.7 percent.

Several important investors have yet to sign on to the deal, which could create a stronger local competitor to battle Amazon in India's e-commerce market.

Several important investors have yet to sign on to the deal, which could create a stronger local competitor to battle Amazon in India's e-commerce market.

The founder of Buro 24/7 is setting up a hybrid venture that is part investment fund, accelerator and experimental laboratory to commercialise new technologies and sustainable innovation for the fashion industry.

The founder of Buro 24/7 is setting up a hybrid venture that is part investment fund, accelerator and experimental laboratory to commercialise new technologies and sustainable innovation for the fashion industry.

BoF has learned that the chief executive is departing the super-agency he founded in 2014 after disagreements with its investor, the asset management firm Waddell & Reed.

BoF has learned that the chief executive is departing the super-agency he founded in 2014 after disagreements with its investor, the asset management firm Waddell & Reed.

The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.

The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.

The fund is one of the most active sovereign investors in the world, snapping up stakes in everything from real estate to luxury goods.

The fund is one of the most active sovereign investors in the world, snapping up stakes in everything from real estate to luxury goods.

Google searches are the new essential tool for luxury investors looking to decipher what's beyond the latest line of Prada purses and Birkin bags.

Google searches are the new essential tool for luxury investors looking to decipher what's beyond the latest line of Prada purses and Birkin bags.

The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.

The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.

The shares were up as much as 5.9 percent in London on Tuesday afternoon, to the highest since May 2015.

The shares were up as much as 5.9 percent in London on Tuesday afternoon, to the highest since May 2015.

Lenders count on the drawing power instantly recognisable names like J. Crew and Claire's, the “intellectual property,” to provide some value in case a company goes bust.

Lenders count on the drawing power instantly recognisable names like J. Crew and Claire's, the “intellectual property,” to provide some value in case a company goes bust.
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
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.
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
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.
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.
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.