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
Streetwear’s First IPO, Explained
Human Made shares begin trading in Tokyo on Thursday, a milestone in streetwear’s evolution from a subcultural fashion trend to a mature fashion category.
Streetwear’s First IPO, Explained
Human Made shares begin trading in Tokyo on Thursday, a milestone in streetwear’s evolution from a subcultural fashion trend to a mature fashion category.
Global Markets
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Fashion Trust Arabia Names Prize Winners in Qatar
Designers from Morocco, Saudi Arabia and Bahrain were among those to receive a financial grant of between $100,000 and $200,000 at the Doha ceremony.
Luxury
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Kering Must Downsize, Reduce Gucci Exposure and Chase Synergies, CEO de Meo Says in Memo
Luca de Meo calls for store closures, recalibrated pricing and a push to grow brands beyond Gucci as the group works to return to sustainable growth.
Global Markets
The Bank Investing Millions in Africa’s Fashion Industry
Cairo-based Afreximbank is funding projects across the continent, from textile and garment manufacturing facilities in Benin and Nigeria to export programmes for designer brands from Kenya, Ghana and beyond.
The Bank Investing Millions in Africa’s Fashion Industry
Cairo-based Afreximbank is funding projects across the continent, from textile and garment manufacturing facilities in Benin and Nigeria to export programmes for designer brands from Kenya, Ghana and beyond.
Technology
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
How Small Brands Are Learning to Love AI
Startups are starting to use AI for everything from retail planning to inventory management, while mostly keeping the technology away from the creative parts of their business.
Beauty
Wellness Wants In on the Members Club Boom
A new wave of wellness clubs are cropping up across the world, offering ice baths, optimisation, saunas and socialisation. How big can the trend get?
Wellness Wants In on the Members Club Boom
A new wave of wellness clubs are cropping up across the world, offering ice baths, optimisation, saunas and socialisation. How big can the trend get?
Direct-to-Consumer
True Classic Launches Women, Kids Lines
The men’s T-shirt maker is introducing a line of tees, hoodies and joggers for women and kids later this month, less than a year after closing its first funding round at an $850 million valuation.
True Classic Launches Women, Kids Lines
The men’s T-shirt maker is introducing a line of tees, hoodies and joggers for women and kids later this month, less than a year after closing its first funding round at an $850 million valuation.
Technology
The Fashion AI Startups to Watch
BoF highlights 17 AI-powered startups that have raised more than $400 million in the last five years by offering design, operation and shopping services that promise to help brands and retailers reduce costs and increase innovation.
The Fashion AI Startups to Watch
BoF highlights 17 AI-powered startups that have raised more than $400 million in the last five years by offering design, operation and shopping services that promise to help brands and retailers reduce costs and increase innovation.
Entrepreneurship
Women’s Ski Brand Halfdays Raises $10 Million Series A
With fresh capital from Kellwood Company, Dicks Sporting Goods Ventures and model Taylor Hill, co-founders Ariana Ferwerda and Kiley McKinnon are looking to expand into activewear and more wholesale doors.
Women’s Ski Brand Halfdays Raises $10 Million Series A
With fresh capital from Kellwood Company, Dicks Sporting Goods Ventures and model Taylor Hill, co-founders Ariana Ferwerda and Kiley McKinnon are looking to expand into activewear and more wholesale doors.
Sustainability
Vestiaire Collective Will Now Sell Carbon Credits on your Purchases
The resale platform will begin selling carbon credits based on emissions avoided when consumers buy secondhand on their site.
Vestiaire Collective Will Now Sell Carbon Credits on your Purchases
The resale platform will begin selling carbon credits based on emissions avoided when consumers buy secondhand on their site.
Retail
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Beauty
Oura Ring Maker to Become $11 Billion Company With Latest Raise
The Finnish Oura health and fitness ring maker is raising $875 million in a new Series E financing round valuing it around $10.9 billion, Bloomberg reported.
Oura Ring Maker to Become $11 Billion Company With Latest Raise
The Finnish Oura health and fitness ring maker is raising $875 million in a new Series E financing round valuing it around $10.9 billion, Bloomberg reported.
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.