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.
law
News & Analysis
Wal-Mart Bribery Probe Said to Be in Final Phase
US prosecutors are in the final phase of a globe-spanning investigation into bribery allegations at Wal-Mart Stores Inc., who said work in China has been bedeviled by disclosure rules and lack of evidence.
Wal-Mart Bribery Probe Said to Be in Final Phase
US prosecutors are in the final phase of a globe-spanning investigation into bribery allegations at Wal-Mart Stores Inc., who said work in China has been bedeviled by disclosure rules and lack of evidence.
Technology
EU May Investigate Online Content Providers over Cross-Border Trade
Two out of three online content providers block consumers in another EU country from buying their products or services and could face investigation, European Union antitrust regulators said on Friday.
EU May Investigate Online Content Providers over Cross-Border Trade
Two out of three online content providers block consumers in another EU country from buying their products or services and could face investigation, European Union antitrust regulators said on Friday.
Technology
EU Regulators to Release Findings on Barriers to Cross-Border E-Commerce
EU regulators will release data from its year-long inquiry into barriers to cross-border e-commerce next week, potentially laying the groundwork for cases against some companies.
EU Regulators to Release Findings on Barriers to Cross-Border E-Commerce
EU regulators will release data from its year-long inquiry into barriers to cross-border e-commerce next week, potentially laying the groundwork for cases against some companies.
Retail
Can China End the Illicit ‘Daigou’ Trade?
Lowering import tariffs and tightening customs controls are among the Chinese government’s strategies for curbing "selling agents” who trade in luxury goods at lower prices. Will it work?
Can China End the Illicit ‘Daigou’ Trade?
Lowering import tariffs and tightening customs controls are among the Chinese government’s strategies for curbing "selling agents” who trade in luxury goods at lower prices. Will it work?
News & Analysis
Monday Ruling Decides Fate of Dov Charney Deal for American Apparel
A US judge will decide on Monday whether American Apparel can exit bankruptcy under the control of hedge funds or if he will allow a takeover bid by investors working with its controversial former chief executive, Dov Charney.
Monday Ruling Decides Fate of Dov Charney Deal for American Apparel
A US judge will decide on Monday whether American Apparel can exit bankruptcy under the control of hedge funds or if he will allow a takeover bid by investors working with its controversial former chief executive, Dov Charney.
Luxury
Bank of China Surrenders Records in Gucci Case After Fines
Bank of China Ltd. turned over records in a case brought by Gucci America Inc. after a US judge fined it $50,000 a day for not complying with subpoenas seeking information about Chinese makers of counterfeit luxury goods.
Bank of China Surrenders Records in Gucci Case After Fines
Bank of China Ltd. turned over records in a case brought by Gucci America Inc. after a US judge fined it $50,000 a day for not complying with subpoenas seeking information about Chinese makers of counterfeit luxury goods.
Financial Markets
French Authorities Investigating Karl Lagerfeld's Taxes
French authorities are investigating Karl Lagerfeld's taxes as the designer is suspected of having hidden more than 20 million euros (approximately $22 million) using complex transactions between various companies.
French Authorities Investigating Karl Lagerfeld's Taxes
French authorities are investigating Karl Lagerfeld's taxes as the designer is suspected of having hidden more than 20 million euros (approximately $22 million) using complex transactions between various companies.
News & Analysis
Nike Cooperating in US FIFA Investigation of Brazil Claims
Nike Inc. is once again defending a 1996 sports marketing contract in Brazil following new allegations by the US Department of Justice that corrupt Brazilian soccer officials were paid bribes.
Nike Cooperating in US FIFA Investigation of Brazil Claims
Nike Inc. is once again defending a 1996 sports marketing contract in Brazil following new allegations by the US Department of Justice that corrupt Brazilian soccer officials were paid bribes.
Workplace & Talent
Role Call | Douglas Hand, Fashion Lawyer
Douglas Hand, fashion lawyer and founding partner at HBA, says "Understanding the industry helps you contextualise legal issues and reach the best result for your client."
Role Call | Douglas Hand, Fashion Lawyer
Douglas Hand, fashion lawyer and founding partner at HBA, says "Understanding the industry helps you contextualise legal issues and reach the best result for your client."
Luxury
Money Well Spent? Why Fashion Companies Spend Big on Lobbying Governments
Each year, fashion companies and organisations spend millions of dollars pushing their agenda by lobbying. Does it work?
Money Well Spent? Why Fashion Companies Spend Big on Lobbying Governments
Each year, fashion companies and organisations spend millions of dollars pushing their agenda by lobbying. Does it work?
News & Analysis
Three Firms Seek Legal Fees From American Apparel
The clothing company owes approximately $6 million in total to the three firms for legal services.
Three Firms Seek Legal Fees From American Apparel
The clothing company owes approximately $6 million in total to the three firms for legal services.
News & Analysis
Urban Outfitters to End On-Call Shifts for New York Employees
Apparel retailer Urban Outfitters Inc has agreed to end on-call shifts for employees at all its New York stores.
Urban Outfitters to End On-Call Shifts for New York Employees
Apparel retailer Urban Outfitters Inc has agreed to end on-call shifts for employees at all its New York stores.
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.