Spain’s Puig Shares Jump on Lauder Merger Talks
Shares of the Spanish beauty group surged around 16 percent on Tuesday, on track for their best trading day on record, after announcing they were in talks over a potential merger with Estée Lauder.
jewellery
Luxury
Tiffany Could Learn a Lot From Lady Gaga
Tiffany must leave its comfort zone and move faster than it's used to, truly embracing change rather than just showing ads about it.
Tiffany Could Learn a Lot From Lady Gaga
Tiffany must leave its comfort zone and move faster than it's used to, truly embracing change rather than just showing ads about it.
News & Analysis
The New Tiffany & Co. Needs Women
"As the storied brand comes off a sluggish decade, it’s looking to the 'self-purchasing woman' to save it."
The New Tiffany & Co. Needs Women
"As the storied brand comes off a sluggish decade, it’s looking to the 'self-purchasing woman' to save it."
China
Gold Goes Cold Turkey as Chinese Stop Buying for Year of Rooster
Prices have dropped 2.7 percent in the past four days, cutting the year’s gains in half.
Gold Goes Cold Turkey as Chinese Stop Buying for Year of Rooster
Prices have dropped 2.7 percent in the past four days, cutting the year’s gains in half.
News & Analysis
Tiffany Appoints Reed Krakoff as Chief Artistic Officer
Reed Krakoff will join the troubled American jewellery brand in February.
Tiffany Appoints Reed Krakoff as Chief Artistic Officer
Reed Krakoff will join the troubled American jewellery brand in February.
News & Analysis
Can Francesca Amfitheatrof Save Tiffany?
Tiffany has cut profit forecasts and share prices have fallen and annual sales have hovered at just over $4 billion since 2014.
Can Francesca Amfitheatrof Save Tiffany?
Tiffany has cut profit forecasts and share prices have fallen and annual sales have hovered at just over $4 billion since 2014.
China
Diamonds, Not Marriage, Are Forever for China’s Millennials
Millennial women spent about $26 billion on diamond jewellery in 2015 in the world’s four main markets, acquiring more than any other generation.
Diamonds, Not Marriage, Are Forever for China’s Millennials
Millennial women spent about $26 billion on diamond jewellery in 2015 in the world’s four main markets, acquiring more than any other generation.
News & Analysis
Ivanka Trump Separates Social Media Accounts From Her Brand
The future first daughter will only be using her Instagram, Facebook and Twitter accounts for personal messages — rather than brand-related news.
Ivanka Trump Separates Social Media Accounts From Her Brand
The future first daughter will only be using her Instagram, Facebook and Twitter accounts for personal messages — rather than brand-related news.
Financial Markets
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
News & Analysis
Happy Couples Don't Buy Diamonds Like They Used To
It is still a shaky time for the diamond industry, but the ring market on eBay is up 58 percent in the last five years, and digital jewellery consignment has become more popular.
Happy Couples Don't Buy Diamonds Like They Used To
It is still a shaky time for the diamond industry, but the ring market on eBay is up 58 percent in the last five years, and digital jewellery consignment has become more popular.
News & Analysis
Blue Nile Selling to Private Firms for $500 million
The Seattle-based company is being bought for $40.75 per share by funds managed by Bain Capital Private Equity and Bow Street LLC.
Blue Nile Selling to Private Firms for $500 million
The Seattle-based company is being bought for $40.75 per share by funds managed by Bain Capital Private Equity and Bow Street LLC.
News & Analysis
Italian Watchdog Fines LVMH Exec Over Bulgari Deal
LVMH managing director Antonio Belloni was fined €350,000 for divulging confidential information to a fund manager before LVMH's acquisition of Bulgari in 2011.
Italian Watchdog Fines LVMH Exec Over Bulgari Deal
LVMH managing director Antonio Belloni was fined €350,000 for divulging confidential information to a fund manager before LVMH's acquisition of Bulgari in 2011.
Retail
BlackRock Increases Stake in World’s Biggest Jewellery Retailer
It’s been a tough year for the world’s biggest publicly traded jewellery chain. Chow Tai Fook’s same-store sales fell 20 percent, hurt by fewer mainland visitors.
BlackRock Increases Stake in World’s Biggest Jewellery Retailer
It’s been a tough year for the world’s biggest publicly traded jewellery chain. Chow Tai Fook’s same-store sales fell 20 percent, hurt by fewer mainland visitors.
The News in Brief
Oil Slides, Stocks Climb on Trump’s Iran Reprieve
Oil prices tumbled by over 8 percent after Trump said the US was in talks with Tehran to end the US-Israeli war on Iran, a claim parliamentary speaker Mohammad Baqer Ghalibaf has denied.
Puig, Estée Lauder Companies Considering Merger
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses.
Applied Nutrition Sinks as War Disruption Poses Growth Risk
The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.