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
The Truth About Violet Grey’s Acquisition Plans
Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.
The Truth About Violet Grey’s Acquisition Plans
Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.
Luxury
Inside Kering’s Changing of the Guard
A $24 million welcome bonus was in focus as new CEO Luca de Meo took the reins from François-Henri Pinault. Improving performance will require tough choices to ‘reduce our costs, reduce our debt, and where necessary, rationalise, reorganise, reposition some of our brands,’ de Meo said.
Inside Kering’s Changing of the Guard
A $24 million welcome bonus was in focus as new CEO Luca de Meo took the reins from François-Henri Pinault. Improving performance will require tough choices to ‘reduce our costs, reduce our debt, and where necessary, rationalise, reorganise, reposition some of our brands,’ de Meo said.
Luxury
Audemars Piguet Says CEO Staying
The Swiss watchmaker shut down a media report suggesting the company would ‘part ways’ with chief executive Ilaria Resta.
Audemars Piguet Says CEO Staying
The Swiss watchmaker shut down a media report suggesting the company would ‘part ways’ with chief executive Ilaria Resta.
Luxury
Armani Draws Thousands Who Pay Last Respects
Fashion leaders, Hollywood actors and fans alike came to the company’s headquarters to say a final goodbye to Giorgio Armani who died on Thursday.
Armani Draws Thousands Who Pay Last Respects
Fashion leaders, Hollywood actors and fans alike came to the company’s headquarters to say a final goodbye to Giorgio Armani who died on Thursday.
Luxury
Gucci Owner’s Fortunes Rest on Heir Letting CEO Do His Job
A key question for investors is whether Francois-Henri Pinault will give his successor leeway to clean up Kering’s mess.
Gucci Owner’s Fortunes Rest on Heir Letting CEO Do His Job
A key question for investors is whether Francois-Henri Pinault will give his successor leeway to clean up Kering’s mess.
Luxury
Giorgio Armani, Italy’s Fashion ‘King,’ Has Died
The designer was the richest in the world, and the sole owner of the Armani Group that was for many years the most successful fashion company in the country.
Giorgio Armani, Italy’s Fashion ‘King,’ Has Died
The designer was the richest in the world, and the sole owner of the Armani Group that was for many years the most successful fashion company in the country.
Workplace & Talent
How to Get Ahead in Fashion’s Stagnant Job Market
Tariffs, AI fears and shaky economics have slowed hiring but there are ways talent and brands can find opportunity in the standstill.
How to Get Ahead in Fashion’s Stagnant Job Market
Tariffs, AI fears and shaky economics have slowed hiring but there are ways talent and brands can find opportunity in the standstill.
Retail
Ssense: What Went Wrong
Tariffs were the immediate cause of the Montréal-based company’s decision to file for bankruptcy protection. But insiders tell BoF that the downfall was a long time coming as the online retailer’s formula for appealing to Gen-Z shoppers with indie fashion brands and constant markdowns lost its edge.
Ssense: What Went Wrong
Tariffs were the immediate cause of the Montréal-based company’s decision to file for bankruptcy protection. But insiders tell BoF that the downfall was a long time coming as the online retailer’s formula for appealing to Gen-Z shoppers with indie fashion brands and constant markdowns lost its edge.
Beauty
Beauty’s ‘Dream Team’ Launches a Fragrance Line
Melanie Bender, Rhode’s former chief executive, Youth to the People’s Joe Cloyes and Greg Gonzalez and Milk Makeup’s Mazdack Rassi have entered the red-hot fragrance category with their debut Lore.
Beauty’s ‘Dream Team’ Launches a Fragrance Line
Melanie Bender, Rhode’s former chief executive, Youth to the People’s Joe Cloyes and Greg Gonzalez and Milk Makeup’s Mazdack Rassi have entered the red-hot fragrance category with their debut Lore.
Beauty
Revolution Beauty Founders Return to Tackle Turnaround
The embattled UK beauty group has formally ended its sale process and announced that co-founder Tom Allsworth will return as chief executive, with co-founder Adam Minto joining in a consultancy role.
Revolution Beauty Founders Return to Tackle Turnaround
The embattled UK beauty group has formally ended its sale process and announced that co-founder Tom Allsworth will return as chief executive, with co-founder Adam Minto joining in a consultancy role.
Luxury
Valentino Names Riccardo Bellini CEO With Kering Deal At Stake
After taking the helm of parent company Mayhoola earlier this year, the former Margiela and Chloé chief will now focus on turning around the Qatari-owned group’s biggest brand.
Valentino Names Riccardo Bellini CEO With Kering Deal At Stake
After taking the helm of parent company Mayhoola earlier this year, the former Margiela and Chloé chief will now focus on turning around the Qatari-owned group’s biggest brand.
Beauty
What It Takes to Get Into Sephora
Beauty experts like Mary Phillips, Chris McMillan and Alli Webb have specific qualifications that not all new brand founders possess, making the retailer more willing to bet big on their success.
What It Takes to Get Into Sephora
Beauty experts like Mary Phillips, Chris McMillan and Alli Webb have specific qualifications that not all new brand founders possess, making the retailer more willing to bet big on their success.
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.