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.
investment
Beauty
Puig Aims to Raise €2.5 Billion in IPO
The family-owned premium beauty conglomerate has confirmed it will float shares on the Spanish stock exchange while retaining majority control, following months of speculation.
Puig Aims to Raise €2.5 Billion in IPO
The family-owned premium beauty conglomerate has confirmed it will float shares on the Spanish stock exchange while retaining majority control, following months of speculation.
Retail
What a Fashion Company Is Worth Today
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
What a Fashion Company Is Worth Today
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
Retail
Investors Push Zara Owner Inditex to Publish Full Supply Chain
Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better assess any supply chain risks.
Investors Push Zara Owner Inditex to Publish Full Supply Chain
Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better assess any supply chain risks.
Retail
Why Frasers Group Shuttered Matchesfashion
In the latest blow to the luxury e-commerce sector, the embattled Matches is closing down just over two months after being acquired by Frasers Group as relationships with brands have reportedly soured.
Why Frasers Group Shuttered Matchesfashion
In the latest blow to the luxury e-commerce sector, the embattled Matches is closing down just over two months after being acquired by Frasers Group as relationships with brands have reportedly soured.
Sustainability
What Will It Take to Tackle Fashion’s Climate Financing Gap?
Meeting the industry’s emissions targets will require more collective action and new financing models, according to a new report by leading manufacturers.
What Will It Take to Tackle Fashion’s Climate Financing Gap?
Meeting the industry’s emissions targets will require more collective action and new financing models, according to a new report by leading manufacturers.
Technology
The Race to Build the Best Generative-AI Platform for Fashion Design
A new wave of start-ups is building tools that take the capabilities of the market’s top generative-AI models and tailor them to fashion’s specific needs. Among them is Raspberry, which just raised $4.5 million in funding from a number of big-name backers.
The Race to Build the Best Generative-AI Platform for Fashion Design
A new wave of start-ups is building tools that take the capabilities of the market’s top generative-AI models and tailor them to fashion’s specific needs. Among them is Raspberry, which just raised $4.5 million in funding from a number of big-name backers.
Retail
Rowing Blazers Acquired By Burch Creative Capital
The deal will inject new capital into the New York-based preppy streetwear brand, allowing it to expand its women’s assortment and move into a bigger flagship in Manhattan.
Rowing Blazers Acquired By Burch Creative Capital
The deal will inject new capital into the New York-based preppy streetwear brand, allowing it to expand its women’s assortment and move into a bigger flagship in Manhattan.
Retail
As Target Celebrates 25 Years of Designer Collaborations, Fashion Takes a Backseat
The American big-box retailer announced its upcoming partnership with Diane von Furstenberg amid a sales slump in apparel and other discretionary categories.
As Target Celebrates 25 Years of Designer Collaborations, Fashion Takes a Backseat
The American big-box retailer announced its upcoming partnership with Diane von Furstenberg amid a sales slump in apparel and other discretionary categories.
Luxury
After Hitting a Few Moguls, Skiwear Brand Perfect Moment Goes Public
The skiwear brand staged a small IPO on Thursday to fund its growth plans, after struggling to line up investors in the private market.
After Hitting a Few Moguls, Skiwear Brand Perfect Moment Goes Public
The skiwear brand staged a small IPO on Thursday to fund its growth plans, after struggling to line up investors in the private market.
Sports
Why Salomon-Owner Amer Sports’ IPO Fell Short
After discounting its listing, the sportswear group, which also owns Arc’teryx and Wilson, became the latest big fashion company to confront the tepid US IPO market.
Why Salomon-Owner Amer Sports’ IPO Fell Short
After discounting its listing, the sportswear group, which also owns Arc’teryx and Wilson, became the latest big fashion company to confront the tepid US IPO market.
Sustainability
Where Is the Money to Make Fashion More Sustainable?
Decarbonising the industry is expected to take $1 trillion over the coming decades. Where that money will come from and how it’s distributed remain open questions.
Where Is the Money to Make Fashion More Sustainable?
Decarbonising the industry is expected to take $1 trillion over the coming decades. Where that money will come from and how it’s distributed remain open questions.
Beauty
The Thinking Behind Beauty’s Latest M&A Wave
With a limited number of targets on the market, strategics and private equity firms are rushing to snap up the most promising brands.
The Thinking Behind Beauty’s Latest M&A Wave
With a limited number of targets on the market, strategics and private equity firms are rushing to snap up the most promising brands.
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.