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.
leadership
Beauty
Beautycounter Would Like To Reintroduce Itself
Back under the ownership of founder Gregg Renfrew, the beauty label will relaunch on June 25 as Counter, keeping its clean formulations and giving up its MLM-style compensation model in favor of “community commerce.” Renfrew talks exclusively to The Business of Beauty about her vision for the new brand.
Beautycounter Would Like To Reintroduce Itself
Back under the ownership of founder Gregg Renfrew, the beauty label will relaunch on June 25 as Counter, keeping its clean formulations and giving up its MLM-style compensation model in favor of “community commerce.” Renfrew talks exclusively to The Business of Beauty about her vision for the new brand.
Luxury
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Sports
Is Nike Finally Winning With Women?
With the bold marketing like the "So Win" campaign, a revamped leadership team under new brand president Amy Montagne and star power from A’ja Wilson, Nike’s long-promised women’s push is starting to stick.
Is Nike Finally Winning With Women?
With the bold marketing like the "So Win" campaign, a revamped leadership team under new brand president Amy Montagne and star power from A’ja Wilson, Nike’s long-promised women’s push is starting to stick.
Luxury
Delphine Arnault Confirms Jonathan Anderson’s Dior Takeover
In a rare in-depth interview, the Dior chief executive talks to BoF’s Imran Amed about the logic for hiring Anderson to oversee both the men’s and women’s sides of the business and how the French mega-brand plans to recapture customers amid a sharp downturn in the luxury sector.
Delphine Arnault Confirms Jonathan Anderson’s Dior Takeover
In a rare in-depth interview, the Dior chief executive talks to BoF’s Imran Amed about the logic for hiring Anderson to oversee both the men’s and women’s sides of the business and how the French mega-brand plans to recapture customers amid a sharp downturn in the luxury sector.
Luxury
Giancarlo Giammetti on Securing Valentino’s Legacy | The BoF Podcast
Giancarlo Giammetti, co-founder of Valentino, sits down for an exclusive interview with BoF founder and CEO Imran Amed in Rome to discuss the early days of Valentino, the importance of protecting creativity in a fashion market that prioritises commercialisation, and why it is critical for the industry to support young designers who are overlooked by a fashion system under pressure.
Giancarlo Giammetti on Securing Valentino’s Legacy | The BoF Podcast
Giancarlo Giammetti, co-founder of Valentino, sits down for an exclusive interview with BoF founder and CEO Imran Amed in Rome to discuss the early days of Valentino, the importance of protecting creativity in a fashion market that prioritises commercialisation, and why it is critical for the industry to support young designers who are overlooked by a fashion system under pressure.
Luxury
Confirmed: Dior Artistic Director Maria Grazia Chiuri Steps Down
The Italian designer in charge of Dior’s womenswear is leaving the LVMH-owned megabrand after a transformative nine-year tenure during which sales quadrupled before being hit hard by a sharp downturn in luxury demand.
Confirmed: Dior Artistic Director Maria Grazia Chiuri Steps Down
The Italian designer in charge of Dior’s womenswear is leaving the LVMH-owned megabrand after a transformative nine-year tenure during which sales quadrupled before being hit hard by a sharp downturn in luxury demand.
Retail
Cult Swim Brand Hunza G Goes for Growth
Following a management buyout, creative director Georgiana Huddart and new CEO Krishna Nikhil lay out their plans to double the crinkly one-size-fits-all British swimwear label’s annual sales to £60 million over the next two years.
Cult Swim Brand Hunza G Goes for Growth
Following a management buyout, creative director Georgiana Huddart and new CEO Krishna Nikhil lay out their plans to double the crinkly one-size-fits-all British swimwear label’s annual sales to £60 million over the next two years.
Luxury
The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment
Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.
The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment
Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.
Luxury
Burberry’s Reset Begins to Click
The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.
Burberry’s Reset Begins to Click
The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.
Luxury
Balenciaga Names Nathalie Raynaud Deputy CEO
The Kering-owned fashion house is promoting its chief product officer as it prepares to open a new chapter under a new designer.
Balenciaga Names Nathalie Raynaud Deputy CEO
The Kering-owned fashion house is promoting its chief product officer as it prepares to open a new chapter under a new designer.
Workplace & Talent
When Two CEOs Are Better Than One
Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.
When Two CEOs Are Better Than One
Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.
Luxury
Jonathan Anderson Confirmed at Dior Men
The star designer will show a June collection for the French mega-label’s men’s line, LVMH CEO Bernard Arnault said at the group's annual shareholders meeting Thursday.
Jonathan Anderson Confirmed at Dior Men
The star designer will show a June collection for the French mega-label’s men’s line, LVMH CEO Bernard Arnault said at the group's annual shareholders meeting Thursday.
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.