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.
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China
Is It Game Over for China’s Grey Market Sellers?
A global pandemic is bad news for any number of businesses, but for Chinese daigou agents, strict travel limits and tighter regulations are putting the future of their entire industry at risk.
Is It Game Over for China’s Grey Market Sellers?
A global pandemic is bad news for any number of businesses, but for Chinese daigou agents, strict travel limits and tighter regulations are putting the future of their entire industry at risk.
Beauty
L’Oreal in Talks to Buy Mugler, Azzaro Brands From Clarins
The French cosmetic company is rolling out acquisition plans to expand its perfume offering.
L’Oreal in Talks to Buy Mugler, Azzaro Brands From Clarins
The French cosmetic company is rolling out acquisition plans to expand its perfume offering.
News & Analysis
Who Is Most Vulnerable to Amazon's Inexorable Rise?
The e-commerce goliath's low prices, Prime membership benefits and data backbone are eating retail.
Who Is Most Vulnerable to Amazon's Inexorable Rise?
The e-commerce goliath's low prices, Prime membership benefits and data backbone are eating retail.
Beauty
Can Grooming Brands Get ‘Low Maintenance’ Men to Buy Beauty?
Changing cultural attitudes have given men ‘permission to groom,’ but beauty brands still struggle to make them spend.
Can Grooming Brands Get ‘Low Maintenance’ Men to Buy Beauty?
Changing cultural attitudes have given men ‘permission to groom,’ but beauty brands still struggle to make them spend.
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News & Analysis
L’Oréal Expands Luxury Cosmetics in China
"Chinese nationals will be the biggest consumer group for L’Oréal’s luxury cosmetics within two years, according to the Paris-based company, which is
L’Oréal Expands Luxury Cosmetics in China
"Chinese nationals will be the biggest consumer group for L’Oréal’s luxury cosmetics within two years, according to the Paris-based company, which is
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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.