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.
legal
Latest News & Analysis
Technology
Montana’s TikTok Ban: Why Has It Happened and Will It Work
On Wednesday, Montanna became the first US state to ban the social video app TikTok.
Montana’s TikTok Ban: Why Has It Happened and Will It Work
On Wednesday, Montanna became the first US state to ban the social video app TikTok.
Sustainability
Advertisers Say Stricter Regulations Will End the Era of Greenwashing
Advertising watchdog to begin stricter enforcement on use of terms such as ‘carbon neutral’ amid concerns over offsets.
Advertisers Say Stricter Regulations Will End the Era of Greenwashing
Advertising watchdog to begin stricter enforcement on use of terms such as ‘carbon neutral’ amid concerns over offsets.
Sustainability
Apparel Factories in Vietnam Struggle With US Ban on Xinjiang Cotton
Tighter US rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers.
Apparel Factories in Vietnam Struggle With US Ban on Xinjiang Cotton
Tighter US rules to ban imports from China’s Xinjiang are compounding pressure on Vietnam’s apparel and footwear makers.
Sustainability
The BoF Podcast | Ten Years After Rana Plaza, Has Fashion Changed?
Labour rights activist Kalpona Akter and chief sustainability correspondent Sarah Kent reflect on where the industry stands a decade after the deadly factory collapse.
The BoF Podcast | Ten Years After Rana Plaza, Has Fashion Changed?
Labour rights activist Kalpona Akter and chief sustainability correspondent Sarah Kent reflect on where the industry stands a decade after the deadly factory collapse.
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Luxury
Burberry Chair Says UK ‘Least Attractive Shopping Destination in Europe’
At an event organised by prime minister Rishi Sunak’s government, Gerry Murphy criticised the 2020 decision to end the UK’s tax-free shopping program and called Bexit a ‘drag on growth.’
Burberry Chair Says UK ‘Least Attractive Shopping Destination in Europe’
At an event organised by prime minister Rishi Sunak’s government, Gerry Murphy criticised the 2020 decision to end the UK’s tax-free shopping program and called Bexit a ‘drag on growth.’
Sustainability
Case Study | How to Avoid Another Rana Plaza
In the wake of 2013’s deadly factory collapse in Dhaka, more than 200 brands signed the Bangladesh Accord, a legally binding safety pact. As the agreement expands internationally, BoF unpacks why it’s widely viewed as fashion’s most effective safety campaign, how it can help brands address new sustainability regulation and what limitations remain.
Case Study | How to Avoid Another Rana Plaza
In the wake of 2013’s deadly factory collapse in Dhaka, more than 200 brands signed the Bangladesh Accord, a legally binding safety pact. As the agreement expands internationally, BoF unpacks why it’s widely viewed as fashion’s most effective safety campaign, how it can help brands address new sustainability regulation and what limitations remain.
Sustainability
Secondhand Fashion Has a Looming PFAS Problem
A growing number of US state bans are forcing clothing companies to find less toxic alternatives to per- or polyfluorinated substances — called PFAS for short — when making shirts, hats and rain jackets that are water- and stain-resistant.
Secondhand Fashion Has a Looming PFAS Problem
A growing number of US state bans are forcing clothing companies to find less toxic alternatives to per- or polyfluorinated substances — called PFAS for short — when making shirts, hats and rain jackets that are water- and stain-resistant.
Sustainability
Activists Renew Push for Fashion Workers’ Rights Bill
Political lobbyists, TikTok influencers and Amazon’s controversial union leader Chris Smalls gathered Tuesday morning in an unlikely alliance championing New York State’s Fashion Workers Act, a piece of legislation that would grant employment protections for models and other creatives in the industry.
Activists Renew Push for Fashion Workers’ Rights Bill
Political lobbyists, TikTok influencers and Amazon’s controversial union leader Chris Smalls gathered Tuesday morning in an unlikely alliance championing New York State’s Fashion Workers Act, a piece of legislation that would grant employment protections for models and other creatives in the industry.
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Technology
What Is Lemon8 and What Are Its Links With Under-Fire TikTok
While political scrutiny continues to intensify on the widely popular short video app TikTok in the US and across the world, another owned by the same Chinese company, ByteDance Ltd., is going viral. As downloads of Lemon8 surge in the US, here’s what you need to know about it:
What Is Lemon8 and What Are Its Links With Under-Fire TikTok
While political scrutiny continues to intensify on the widely popular short video app TikTok in the US and across the world, another owned by the same Chinese company, ByteDance Ltd., is going viral. As downloads of Lemon8 surge in the US, here’s what you need to know about it:
Beauty
Olaplex Expects Net Sales to Fall 15 Percent in 2023
CEO JuE Wong called 2023 a “reset” year for the company, after fourth-quarter sales fell 21 percent year-over-year to $130 million.
Olaplex Expects Net Sales to Fall 15 Percent in 2023
CEO JuE Wong called 2023 a “reset” year for the company, after fourth-quarter sales fell 21 percent year-over-year to $130 million.
Sustainability
Fashion Is Spending More to Shape Regulation
Over the last decade, the industry has ratcheted up its spending on lobbying efforts in the US. Now, emerging sustainability regulations are drawing increased attention.
Fashion Is Spending More to Shape Regulation
Over the last decade, the industry has ratcheted up its spending on lobbying efforts in the US. Now, emerging sustainability regulations are drawing increased attention.
Workplace & Talent
Explainer: The Myths and Realities of Retail Crime
The impact of losses caused by shoplifting is complicated, and numbers alone don’t tell the whole story — the consequences can reach everything from employee morale to customer experience.
Explainer: The Myths and Realities of Retail Crime
The impact of losses caused by shoplifting is complicated, and numbers alone don’t tell the whole story — the consequences can reach everything from employee morale to customer experience.
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.