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
Retail
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Beauty
L’Oréal Names New Americas CEO, Appoints Chairman
Alexis Perakis-Valat, currently president of its consumer products division, will accede to the role, replacing David Greenberg who will become the company’s US chairman.
L’Oréal Names New Americas CEO, Appoints Chairman
Alexis Perakis-Valat, currently president of its consumer products division, will accede to the role, replacing David Greenberg who will become the company’s US chairman.
Technology
Executive Memo | Everything Fashion Executives Need to Know About AI
The industry’s top decision makers may know all the AI buzzwords, but too many are lacking fundamental knowledge about how the most consequential technology in a decade actually works.
Executive Memo | Everything Fashion Executives Need to Know About AI
The industry’s top decision makers may know all the AI buzzwords, but too many are lacking fundamental knowledge about how the most consequential technology in a decade actually works.
Luxury
What François-Henry Bennahmias Did Next
The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.
What François-Henry Bennahmias Did Next
The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.
Luxury
Francesca Bellettini to Lead Gucci, Kering Confirms
Kering’s co-deputy CEO for brand development is set to replace Stefano Cantino at the helm of the troubled Italian megabrand. Jean-Marc Duplaix, co-deputy CEO and chief operating officer, will retain his COO title as new chief executive Luca de Meo moves quickly to streamline the company’s leadership structure.
Francesca Bellettini to Lead Gucci, Kering Confirms
Kering’s co-deputy CEO for brand development is set to replace Stefano Cantino at the helm of the troubled Italian megabrand. Jean-Marc Duplaix, co-deputy CEO and chief operating officer, will retain his COO title as new chief executive Luca de Meo moves quickly to streamline the company’s leadership structure.
Retail
Gap Taps Reed Krakoff and John Demsey to Lead Push Into Accessories and Beauty
Gap Inc. said it plans to launch beauty at Old Navy this fall in 150 stores, including some in the form of shop-in-shops. Accessories will encompass handbags, jewellery and leather goods across its portfolio. But venturing into new categories will pose a risk for a retailer still in the early innings of a turnaround.
Gap Taps Reed Krakoff and John Demsey to Lead Push Into Accessories and Beauty
Gap Inc. said it plans to launch beauty at Old Navy this fall in 150 stores, including some in the form of shop-in-shops. Accessories will encompass handbags, jewellery and leather goods across its portfolio. But venturing into new categories will pose a risk for a retailer still in the early innings of a turnaround.
Retail
Taylor Hill Launches Jewellery Brand Stone Fruit
The Victoria’s Secret Angel co-founded the collection with her sister Mackinley Hill.
Taylor Hill Launches Jewellery Brand Stone Fruit
The Victoria’s Secret Angel co-founded the collection with her sister Mackinley Hill.
Luxury
Ralph Lauren’s Next Chapter: Do More With More
At its first investor day since 2022, the brand will lay out a plan to build on its recent success, including expanding into 20 more cities and continuing to grow lucrative categories like handbags and outerwear.
Ralph Lauren’s Next Chapter: Do More With More
At its first investor day since 2022, the brand will lay out a plan to build on its recent success, including expanding into 20 more cities and continuing to grow lucrative categories like handbags and outerwear.
Luxury
Gucci CEO Said to Exit Amid Kering Shakeup
Kering deputy CEO Francesca Bellettini is set to replace Stefano Cantino at the helm of the troubled Italian megabrand, sources said, as new group chief executive Luca de Meo moves quickly to shake up the French conglomerate’s senior ranks.
Gucci CEO Said to Exit Amid Kering Shakeup
Kering deputy CEO Francesca Bellettini is set to replace Stefano Cantino at the helm of the troubled Italian megabrand, sources said, as new group chief executive Luca de Meo moves quickly to shake up the French conglomerate’s senior ranks.
Retail
Ssense Secures Approval to Continue Operating Independently
A court ruling on Friday has given the Canadian retailer a lifeline to proceed with a restructuring process, instead of being forced to sell its company to pay off debts.
Ssense Secures Approval to Continue Operating Independently
A court ruling on Friday has given the Canadian retailer a lifeline to proceed with a restructuring process, instead of being forced to sell its company to pay off debts.
Luxury
Tough Choices for Armani’s Heirs
The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.
Tough Choices for Armani’s Heirs
The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.
Luxury
Armani’s Surprise Will, Explained
The Italian designer, whose last testament was made public this week, mandated that the Armani foundation must sell a 15 percent stake in the fashion house to LVMH, L’Oréal, EssilorLuxottica or another company of similar standing, or pursue an IPO, within 18 months.
Armani’s Surprise Will, Explained
The Italian designer, whose last testament was made public this week, mandated that the Armani foundation must sell a 15 percent stake in the fashion house to LVMH, L’Oréal, EssilorLuxottica or another company of similar standing, or pursue an IPO, within 18 months.
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.