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
Technology
In Web3’s Wild West, Offence or Defence?
This week, Nike escalated its legal battle with StockX over digital IP, but as brand managers gear up for the next phase of the internet, the best defence is likely to be a strong offence.
In Web3’s Wild West, Offence or Defence?
This week, Nike escalated its legal battle with StockX over digital IP, but as brand managers gear up for the next phase of the internet, the best defence is likely to be a strong offence.
Sustainability
Green or Greenwashing: Who Gets to Decide?
European efforts to introduce standardised rules governing how brands back up environmental claims are fuelling a heated debate that stands to create winners and losers.
Green or Greenwashing: Who Gets to Decide?
European efforts to introduce standardised rules governing how brands back up environmental claims are fuelling a heated debate that stands to create winners and losers.
Sustainability
Why Climate Risk Is Moving Up the Agenda for Fashion Investors
New regulations are set to make it easier for investors to factor in companies’ environmental footprint when deciding which businesses to back.
Why Climate Risk Is Moving Up the Agenda for Fashion Investors
New regulations are set to make it easier for investors to factor in companies’ environmental footprint when deciding which businesses to back.
Luxury
Alexander Wang Plans a Comeback
After sexual assault allegations tarnished his brand, the designer is back with a booming business in China, an upcoming show in Los Angeles and a broader strategy.
Alexander Wang Plans a Comeback
After sexual assault allegations tarnished his brand, the designer is back with a booming business in China, an upcoming show in Los Angeles and a broader strategy.
Sustainability
Fashion Brands Face EU Sustainability Crackdown
The 27-member bloc outlined an ambitious policy strategy Wednesday that aims to curb the industry’s environmental impact and address labour abuses.
Fashion Brands Face EU Sustainability Crackdown
The 27-member bloc outlined an ambitious policy strategy Wednesday that aims to curb the industry’s environmental impact and address labour abuses.
Retail
What Russian Sanctions Mean for Fashion
Navigating sanctions on Russia requires ‘constant vigilance and flexibility’ from brands and retailers. Here's what you need to know.
What Russian Sanctions Mean for Fashion
Navigating sanctions on Russia requires ‘constant vigilance and flexibility’ from brands and retailers. Here's what you need to know.
Luxury
Farfetch Faces Tax Scrutiny in Italy
The online luxury giant said Italian authorities were ‘reviewing’ transfer pricing at an unnamed subsidiary. Its Italian holdings include Off-White operator New Guards Group, Palm Angels and Farfetch Italia.
Farfetch Faces Tax Scrutiny in Italy
The online luxury giant said Italian authorities were ‘reviewing’ transfer pricing at an unnamed subsidiary. Its Italian holdings include Off-White operator New Guards Group, Palm Angels and Farfetch Italia.
Technology
Why Hermès Probably Can’t Stop the MetaBirkin
Even if the luxury brand wins its case against the creator of the virtual interpretations of its famed bag, the NFTs can’t be erased, at least not in any conventional sense.
Why Hermès Probably Can’t Stop the MetaBirkin
Even if the luxury brand wins its case against the creator of the virtual interpretations of its famed bag, the NFTs can’t be erased, at least not in any conventional sense.
Sustainability
Op-Ed | New York’s Fashion Act? More Like Fashion Won’t Act.
Proposed legislation targeting the social and environmental impact of brands doing business in the State of New York doesn’t go far enough, argues Beth Esponnette.
Op-Ed | New York’s Fashion Act? More Like Fashion Won’t Act.
Proposed legislation targeting the social and environmental impact of brands doing business in the State of New York doesn’t go far enough, argues Beth Esponnette.
Workplace & Talent
Retail Employees Are Under Attack. Here’s What Brands Can Do
Fashion brands will need to think beyond barebones safety protocols as they scramble to fix a problem that’s only getting worse as the pandemic drags on.
Retail Employees Are Under Attack. Here’s What Brands Can Do
Fashion brands will need to think beyond barebones safety protocols as they scramble to fix a problem that’s only getting worse as the pandemic drags on.
China
Brands Struggle to Navigate China’s New Data Privacy Law
The Personal Information Protection Law restricts companies’ ability to use data to market to consumers, leading to increased costs and operational complexity for foreign brands.
Brands Struggle to Navigate China’s New Data Privacy Law
The Personal Information Protection Law restricts companies’ ability to use data to market to consumers, leading to increased costs and operational complexity for foreign brands.
Sustainability
Op-Ed | Why I Support New York’s Fashion Act
Voluntary corporate action to address fashion’s social and environmental impact is not working, argues Ken Pucker.
Op-Ed | Why I Support New York’s Fashion Act
Voluntary corporate action to address fashion’s social and environmental impact is not working, argues Ken Pucker.
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.