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.
lawsuit
News & Analysis
Supreme Court Questions Abercrombie Head Scarf Decision
Several U.S. Supreme Court justices expressed support for a Muslim teenager denied a job at Abercrombie & Fitch Co. because of her head scarf, in a case that may put a greater burden on employers to avoid religious discrimination.
Supreme Court Questions Abercrombie Head Scarf Decision
Several U.S. Supreme Court justices expressed support for a Muslim teenager denied a job at Abercrombie & Fitch Co. because of her head scarf, in a case that may put a greater burden on employers to avoid religious discrimination.
Retail
This Supreme Court Case is Uniting Religions Against Abercrombie & Fitch
The EEOC is appealing a lower-court decision that said Abercrombie couldn’t be held liable for rejecting a Muslim job applicant based on her wearing a traditional head covering known as a hijab.
This Supreme Court Case is Uniting Religions Against Abercrombie & Fitch
The EEOC is appealing a lower-court decision that said Abercrombie couldn’t be held liable for rejecting a Muslim job applicant based on her wearing a traditional head covering known as a hijab.
News & Analysis
Macy's Is in Court Again
"In March Macy’s will find itself heading to court once again. This time because management forgot to shore up its portfolio of old department store
Macy's Is in Court Again
"In March Macy’s will find itself heading to court once again. This time because management forgot to shore up its portfolio of old department store
News & Analysis
Swatch Loses $24.3 Million Fight With UBS
Swatch Group AG, Switzerland’s biggest watchmaker, lost its court bid to recoup 24.8 million Swiss francs ($24.3 million) of losses from investments with UBS Group AG that turned sour.
Swatch Loses $24.3 Million Fight With UBS
Swatch Group AG, Switzerland’s biggest watchmaker, lost its court bid to recoup 24.8 million Swiss francs ($24.3 million) of losses from investments with UBS Group AG that turned sour.
Retail
American Apparel Bolsters Harassment Rules After Firing Charney
American Apparel Inc., which fired controversial founder Dov Charney as chief executive officer last month for alleged misconduct, strengthened rules to prevent sexual harassment among its employees.
American Apparel Bolsters Harassment Rules After Firing Charney
American Apparel Inc., which fired controversial founder Dov Charney as chief executive officer last month for alleged misconduct, strengthened rules to prevent sexual harassment among its employees.
News & Analysis
American Apparel Investor Says Board Withheld Key Information
An American Apparel Inc. investor, Bigger Capital Fund, says the company hasn’t revealed enough information about the saga surrounding the ouster of founder Dov Charney and is demanding to see documents.
American Apparel Investor Says Board Withheld Key Information
An American Apparel Inc. investor, Bigger Capital Fund, says the company hasn’t revealed enough information about the saga surrounding the ouster of founder Dov Charney and is demanding to see documents.
Retail
Abercrombie CEO’s Eccentricities Contributed to His Downfall
NEW ALBANY, United States — Mike Jeffries's widely anticipated retirement as Abercrombie & Fitch Co.'s chief executive officer brings to a close the
Abercrombie CEO’s Eccentricities Contributed to His Downfall
NEW ALBANY, United States — Mike Jeffries's widely anticipated retirement as Abercrombie & Fitch Co.'s chief executive officer brings to a close the
China
The China Edit | Sephora Lawsuit, Black Friday, Chow Tai Fook Jewellery, Smog Masks
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Sephora Lawsuit, Black Friday, Chow Tai Fook Jewellery, Smog Masks
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
Sephora Discriminated Against Asian Customers, Lawsuit Claims
Cosmetics retailer Sephora USA Inc has blocked the online accounts of scores of customers with Asian names because it suspected them of buying discount items in bulk to resell them, a new lawsuit claims.
Sephora Discriminated Against Asian Customers, Lawsuit Claims
Cosmetics retailer Sephora USA Inc has blocked the online accounts of scores of customers with Asian names because it suspected them of buying discount items in bulk to resell them, a new lawsuit claims.
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.