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
UK Regulator Steps Up Action Against Green Over BHS
BHS collapsed in April with a pension deficit of at least £571 million. The failure cost 11,000 jobs and threatened the pensions of more than 20,000 former employees.
UK Regulator Steps Up Action Against Green Over BHS
BHS collapsed in April with a pension deficit of at least £571 million. The failure cost 11,000 jobs and threatened the pensions of more than 20,000 former employees.
News & Analysis
Italian Watchdog Fines LVMH Exec Over Bulgari Deal
LVMH managing director Antonio Belloni was fined €350,000 for divulging confidential information to a fund manager before LVMH's acquisition of Bulgari in 2011.
Italian Watchdog Fines LVMH Exec Over Bulgari Deal
LVMH managing director Antonio Belloni was fined €350,000 for divulging confidential information to a fund manager before LVMH's acquisition of Bulgari in 2011.
News & Analysis
UK Lawmakers Set to Debate Philip Green’s Role in BHS Debacle
UK lawmakers are turning up the heat on the embattled billionaire Philip Green, moving to discuss the travails of his retail empire before Parliament.
UK Lawmakers Set to Debate Philip Green’s Role in BHS Debacle
UK lawmakers are turning up the heat on the embattled billionaire Philip Green, moving to discuss the travails of his retail empire before Parliament.
News & Analysis
Aéropostale Wins Approval of $243 Million Sale to Mall Group
Aéropostale Inc. won court permission to sell its assets to buyers led by Simon Property Group Inc. and General Growth Properties Inc. after the landlords banded together with liquidators to save jobs and stores.
Aéropostale Wins Approval of $243 Million Sale to Mall Group
Aéropostale Inc. won court permission to sell its assets to buyers led by Simon Property Group Inc. and General Growth Properties Inc. after the landlords banded together with liquidators to save jobs and stores.
News & Analysis
Jimmy Choo Co-Founder Sues Shoe Company Alleging Boycott
Jimmy Choo was sued by the co-founder of its eponymous shoe line who alleged the company launched a campaign to punish her as she prepared to start a new venture.
Jimmy Choo Co-Founder Sues Shoe Company Alleging Boycott
Jimmy Choo was sued by the co-founder of its eponymous shoe line who alleged the company launched a campaign to punish her as she prepared to start a new venture.
News & Analysis
French Leader Argues Against Burkini-Style Bans
French president Francois Hollande is suggesting that he would oppose a national law banning burkini swimsuits, an idea championed by some conservative rivals.
French Leader Argues Against Burkini-Style Bans
French president Francois Hollande is suggesting that he would oppose a national law banning burkini swimsuits, an idea championed by some conservative rivals.
News & Analysis
Burkini Ban in French Beach Town Reversed by Supreme Court
France’s top court struck down a push by local governments to ban the 'burkini' from the nation’s beaches, saying the Muslim-style full-body swimming outfits do not create a public threat that justifies impinging on freedom of religion.
Burkini Ban in French Beach Town Reversed by Supreme Court
France’s top court struck down a push by local governments to ban the 'burkini' from the nation’s beaches, saying the Muslim-style full-body swimming outfits do not create a public threat that justifies impinging on freedom of religion.
News & Analysis
American Apparel Hires Investment Bank to Explore Sale, Say Sources
American Apparel has hired investment bank Houlihan Lokey to explore a sale, people familiar with the matter said.
American Apparel Hires Investment Bank to Explore Sale, Say Sources
American Apparel has hired investment bank Houlihan Lokey to explore a sale, people familiar with the matter said.
News & Analysis
Doing Business in Brazil? Team USA Learned the Hard Way
The Team USA Olympic store in Rio’s ritzy Ipanema was planned to turn Team USA into a year-round retailer, though in a country with a business culture that can leave even seasoned entrepreneurs fuming, the venture never gained traction.
Doing Business in Brazil? Team USA Learned the Hard Way
The Team USA Olympic store in Rio’s ritzy Ipanema was planned to turn Team USA into a year-round retailer, though in a country with a business culture that can leave even seasoned entrepreneurs fuming, the venture never gained traction.
News & Analysis
Cannes Bans Full-Body 'Burkini' Swimsuits From Beaches
The French resort has banned full-body, head-covering swimsuits worn by some Muslim women from its beaches, citing security concerns.
Cannes Bans Full-Body 'Burkini' Swimsuits From Beaches
The French resort has banned full-body, head-covering swimsuits worn by some Muslim women from its beaches, citing security concerns.
News & Analysis
Amazon’s Japan Office Searched by Competition Agency
Amazon’s office in Japan was searched by Japan’s Fair Trade Commission over its dealings with merchants who sell goods on its online web store, a person with knowledge of the matter said.
Amazon’s Japan Office Searched by Competition Agency
Amazon’s office in Japan was searched by Japan’s Fair Trade Commission over its dealings with merchants who sell goods on its online web store, a person with knowledge of the matter said.
News & Analysis
Judge Dismisses Part of Alibaba Counterfeits Lawsuit
A US judge has dismissed part of a lawsuit filed last year by Gucci, Yves Saint Laurent and other luxury brands accusing Alibaba of promoting the sale of counterfeit goods.
Judge Dismisses Part of Alibaba Counterfeits Lawsuit
A US judge has dismissed part of a lawsuit filed last year by Gucci, Yves Saint Laurent and other luxury brands accusing Alibaba of promoting the sale of counterfeit goods.
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.