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
News & Analysis
F-Words and T-Shirts: US Supreme Court Weighs Foul Language Trademarks
Los Angeles-based clothing designer Erik Brunetti and his streetwear brand "FUCT" was denied a trademark by the US Patent and Trademark Office.
F-Words and T-Shirts: US Supreme Court Weighs Foul Language Trademarks
Los Angeles-based clothing designer Erik Brunetti and his streetwear brand "FUCT" was denied a trademark by the US Patent and Trademark Office.
News & Analysis
Supreme Court Won’t Hear Case on Nike’s Use of Iconic Jordan Image
The justices, without explanation, said Monday they won’t hear arguments from photographer Jacobus Rentmeester, whose portrait of Jordan gracefully leaping to dunk a basketball first appeared in Life magazine in 1984.
Supreme Court Won’t Hear Case on Nike’s Use of Iconic Jordan Image
The justices, without explanation, said Monday they won’t hear arguments from photographer Jacobus Rentmeester, whose portrait of Jordan gracefully leaping to dunk a basketball first appeared in Life magazine in 1984.
Beauty
Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
News & Analysis
Rihanna Sues Father to Keep Hands Off Her Fenty Trademark
The Barbados-born singer, who uses the Fenty trademark to sell cosmetics, lingerie and sneakers, asked the court for an injunction to stop her father using the Fenty name.
Rihanna Sues Father to Keep Hands Off Her Fenty Trademark
The Barbados-born singer, who uses the Fenty trademark to sell cosmetics, lingerie and sneakers, asked the court for an injunction to stop her father using the Fenty name.
News & Analysis
Report: Gucci Tax Evasion Trial Likely
Milan prosecutors allege that Gucci owes the Italian tax authorities around €1 billion for revenues booked in the years between 2010 and 2016.
Report: Gucci Tax Evasion Trial Likely
Milan prosecutors allege that Gucci owes the Italian tax authorities around €1 billion for revenues booked in the years between 2010 and 2016.
Beauty
Estée Lauder and Deciem Founder Take Battle for Beauty Brand to Court
Estée Lauder wants a Canadian judge to remove Brandon Truaxe as chief executive of the company behind popular beauty brand the Ordinary after he lashed out on social media and ordered stores shut.
Estée Lauder and Deciem Founder Take Battle for Beauty Brand to Court
Estée Lauder wants a Canadian judge to remove Brandon Truaxe as chief executive of the company behind popular beauty brand the Ordinary after he lashed out on social media and ordered stores shut.
Luxury
Belgium Drops Case Against Arnault Business
Belgian prosecutors said they have closed an investigation into a $3.24 billion capital increase in a Belgian company owned by billionaire and LVMH chief executive Bernard Arnault.
Belgium Drops Case Against Arnault Business
Belgian prosecutors said they have closed an investigation into a $3.24 billion capital increase in a Belgian company owned by billionaire and LVMH chief executive Bernard Arnault.
News & Analysis
America’s Massive Retail Workforce is Tired of Being Ignored
"Long absent from discussions about employment, workers from Walmart to Bloomingdale’s are taking matters into their own hands."
America’s Massive Retail Workforce is Tired of Being Ignored
"Long absent from discussions about employment, workers from Walmart to Bloomingdale’s are taking matters into their own hands."
News & Analysis
News Bites | Amazon Launches Prime Wardrobe Service, Kering Responds to 'Made In' Allegations
In today’s News Bites, Amazon is adding a new 'try before you buy' fashion service called Prime Wardrobe and Kering responds to allegations that the company falsely advertises Chinese-made eyewear as 'Made in Italy.'
News Bites | Amazon Launches Prime Wardrobe Service, Kering Responds to 'Made In' Allegations
In today’s News Bites, Amazon is adding a new 'try before you buy' fashion service called Prime Wardrobe and Kering responds to allegations that the company falsely advertises Chinese-made eyewear as 'Made in Italy.'
News & Analysis
Kering Sued Over 'Made in Italy' Eyewear Claims
"According to a new lawsuit, eyewear for Gucci, YSL and Brioni is actually made (mostly) in China."
Kering Sued Over 'Made in Italy' Eyewear Claims
"According to a new lawsuit, eyewear for Gucci, YSL and Brioni is actually made (mostly) in China."
News & Analysis
Adidas Loses Rulings Over Skechers' Alleged 'Springblade' Knockoffs
A federal judge has rejected Adidas effort to block Skechers USA Inc from selling athletic sneakers that it said copied its "Springblade" concept.
Adidas Loses Rulings Over Skechers' Alleged 'Springblade' Knockoffs
A federal judge has rejected Adidas effort to block Skechers USA Inc from selling athletic sneakers that it said copied its "Springblade" concept.
News & Analysis
Ivanka Trump Seeks to Duck Deposition in Aquazzura Lawsuit
Ivanka Trump’s lawyer argued on Tuesday that she has no relevant knowledge about the design, sale or marketing of the shoes sold under her name in an ongoing lawsuit with Italian shoe brand Aquazzura.
Ivanka Trump Seeks to Duck Deposition in Aquazzura Lawsuit
Ivanka Trump’s lawyer argued on Tuesday that she has no relevant knowledge about the design, sale or marketing of the shoes sold under her name in an ongoing lawsuit with Italian shoe brand Aquazzura.
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.