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
Retail
BoF Insights | Can a New Investment Help eBay Build Luxury Resale Street Cred?
Investing in a VIP resale platform is another play from the e-commerce pioneer to win over luxury buyers and sellers.
BoF Insights | Can a New Investment Help eBay Build Luxury Resale Street Cred?
Investing in a VIP resale platform is another play from the e-commerce pioneer to win over luxury buyers and sellers.
Beauty
Who Are Pat McGrath Labs’ Investors?
Eurazeo, which invested in Pat McGrath Labs in a deal that valued the beauty brand at $1 billion in 2018, quietly sold its stake in the beauty line in 2021, BoF has learned.
Who Are Pat McGrath Labs’ Investors?
Eurazeo, which invested in Pat McGrath Labs in a deal that valued the beauty brand at $1 billion in 2018, quietly sold its stake in the beauty line in 2021, BoF has learned.
Retail
Ssense Is the Latest Fashion Company to Reduce Headcount
The Montreal-based e-commerce retailer laid off 138 employees last week, or 7 percent of its total workforce.
Ssense Is the Latest Fashion Company to Reduce Headcount
The Montreal-based e-commerce retailer laid off 138 employees last week, or 7 percent of its total workforce.
Retail
Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
Shein’s Years of Explosive Growth Are Over. What’s Next?
The fast-fashion retailer has seen sales decline in six of the last seven months, as the novelty of its endless selection of trendy, ultra-cheap clothes wears off.
Retail
What American Retailers Can Learn From European Department Stores
Creative experiences and a less-standardised approach to operations and design have helped iconic stores like Selfridges, Liberty and Le Bon Marché resist multi-brand retail’s decline.
What American Retailers Can Learn From European Department Stores
Creative experiences and a less-standardised approach to operations and design have helped iconic stores like Selfridges, Liberty and Le Bon Marché resist multi-brand retail’s decline.
Workplace & Talent
The Year Ahead: What a Fashion Company Looks Like in 2023
Fashion executives need a new vision for what the organisation of the future will look like, focusing on attracting and retaining top talent as well as elevating teams and senior positions to align with strategic objectives for growth.
The Year Ahead: What a Fashion Company Looks Like in 2023
Fashion executives need a new vision for what the organisation of the future will look like, focusing on attracting and retaining top talent as well as elevating teams and senior positions to align with strategic objectives for growth.
Luxury
The Debrief | Why Designer Shoes Are So Expensive
A new BoF Insights report tracks the evolution of the fast-growing high-end footwear market — and why luxury shoppers are willing to spend more than ever on the perfect shoe.
The Debrief | Why Designer Shoes Are So Expensive
A new BoF Insights report tracks the evolution of the fast-growing high-end footwear market — and why luxury shoppers are willing to spend more than ever on the perfect shoe.
Sports
Hyper Growth Is Over for Sneakers. What’s Next?
As incumbents like Adidas and Nike grapple with a cooling market, niche players and newcomers have an opportunity to flourish.
Hyper Growth Is Over for Sneakers. What’s Next?
As incumbents like Adidas and Nike grapple with a cooling market, niche players and newcomers have an opportunity to flourish.
Luxury
The Best of BoF: Luxury’s Blockbuster Year
In 2022, luxury’s post-Covid rebound accelerated. Explore in-depth features and analysis about how brands and retailers are cultivating loyalty from top-spending clients, balancing runway dreams with smart pricing, and evolving their business models in the face of fierce competition.
The Best of BoF: Luxury’s Blockbuster Year
In 2022, luxury’s post-Covid rebound accelerated. Explore in-depth features and analysis about how brands and retailers are cultivating loyalty from top-spending clients, balancing runway dreams with smart pricing, and evolving their business models in the face of fierce competition.
Topics
The Best of BoF: Global Markets, Tumult and Opportunity
From China to Senegal, 2022 was a year of tumult and opportunity in global markets far from fashion’s main capitals.
The Best of BoF: Global Markets, Tumult and Opportunity
From China to Senegal, 2022 was a year of tumult and opportunity in global markets far from fashion’s main capitals.
Luxury
Lanvin Group Raises $150 Million in Public Debut
As the Chinese-owned luxury group raises fresh funds to fuel a turnaround, it’s contending with a cooling luxury market and a playing field dominated by much larger rivals.
Lanvin Group Raises $150 Million in Public Debut
As the Chinese-owned luxury group raises fresh funds to fuel a turnaround, it’s contending with a cooling luxury market and a playing field dominated by much larger rivals.
Technology
How to Invest in Technology During a Recession
Brands that continue building for the future during economic downturns can come out better in the long run, but when resources are limited, deciding where to direct them can be tricky.
How to Invest in Technology During a Recession
Brands that continue building for the future during economic downturns can come out better in the long run, but when resources are limited, deciding where to direct them can be tricky.
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.