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
Wang, Ghesquière and More Support Apple in Patent War
Top fashion designers have signed an amicus brief asking the Supreme Court of the United States to reject Samsung’s appeal in its legal battle with Apple over design patents.
Wang, Ghesquière and More Support Apple in Patent War
Top fashion designers have signed an amicus brief asking the Supreme Court of the United States to reject Samsung’s appeal in its legal battle with Apple over design patents.
Retail
Aéropostale’s Sycamore Rift Goes to Trial as Vote Proceeds
A judge said that teen clothing chain Aeropostale can ask creditors to vote on its reorganisation plan while also gearing up for a trial over whether a key creditor drove the company into bankruptcy to snap it up on the cheap.
Aéropostale’s Sycamore Rift Goes to Trial as Vote Proceeds
A judge said that teen clothing chain Aeropostale can ask creditors to vote on its reorganisation plan while also gearing up for a trial over whether a key creditor drove the company into bankruptcy to snap it up on the cheap.
News & Analysis
Adidas Sues Skechers, Claiming 'Springblade' Shoe Knockoff
Adidas escalated its legal battle against Skechers over athletic sneaker designs, filing a lawsuit accusing Skechers of stealing its "Springblade" concept for its similar "Mega Flex" shoe.
Adidas Sues Skechers, Claiming 'Springblade' Shoe Knockoff
Adidas escalated its legal battle against Skechers over athletic sneaker designs, filing a lawsuit accusing Skechers of stealing its "Springblade" concept for its similar "Mega Flex" shoe.
News & Analysis
Aquazzura Claims Ivanka Trump Knocked Off Its Design
Ivanka Trump is being sued by Aquazzura that claims the fashion line carrying her name is selling a knockoff of one of its designs.
Aquazzura Claims Ivanka Trump Knocked Off Its Design
Ivanka Trump is being sued by Aquazzura that claims the fashion line carrying her name is selling a knockoff of one of its designs.
News & Analysis
US Says Reaches Settlement on Discrimination Claim Against Macy's
Macy's will provide additional employee training and pay an $8,700 civil penalty under a settlement of allegations it discriminated against non-US citizens who were authorised to work, the US Justice Department has said.
US Says Reaches Settlement on Discrimination Claim Against Macy's
Macy's will provide additional employee training and pay an $8,700 civil penalty under a settlement of allegations it discriminated against non-US citizens who were authorised to work, the US Justice Department has said.
Technology
Alibaba Wins Dismissal of Lawsuit Over Pre-IPO Regulatory Warning
Alibaba Group Holdings Ltd has won the dismissal of a US lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.
Alibaba Wins Dismissal of Lawsuit Over Pre-IPO Regulatory Warning
Alibaba Group Holdings Ltd has won the dismissal of a US lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.
News & Analysis
LVMH-Backed Asia Private Equity Fund Sued by Fired Executive
An Asian private equity unit backed by LVMH is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business.
LVMH-Backed Asia Private Equity Fund Sued by Fired Executive
An Asian private equity unit backed by LVMH is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business.
Marketing
The Art of Disclosure: Fashion’s Influence Economy and the FTC
As the importance of native advertising continues to grow, are brands and digital influencers coming clean with consumers about the deals that power fashion’s influence economy?
The Art of Disclosure: Fashion’s Influence Economy and the FTC
As the importance of native advertising continues to grow, are brands and digital influencers coming clean with consumers about the deals that power fashion’s influence economy?
News & Analysis
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
Retail
New York Macy's Workers Threaten Strike Over Health Plan and Pay
Macy's is preparing for a possible strike over healthcare and pay by 5,000 workers at four New York locations, including its flagship store on Manhattan's Herald Square.
New York Macy's Workers Threaten Strike Over Health Plan and Pay
Macy's is preparing for a possible strike over healthcare and pay by 5,000 workers at four New York locations, including its flagship store on Manhattan's Herald Square.
News & Analysis
Luxottica Sues BCBG Max Azria Over Wayfarer Sunglasses
Luxottica, the maker of Ray-Ban sunglasses, has accuses BCBG Max Azria of knowingly infringing its famous Wayfarer trademark.
Luxottica Sues BCBG Max Azria Over Wayfarer Sunglasses
Luxottica, the maker of Ray-Ban sunglasses, has accuses BCBG Max Azria of knowingly infringing its famous Wayfarer trademark.
Financial Markets
Amid SEC Probe, Jack Ma Says Hard for US to Understand Alibaba
Alibaba Group Holding Ltd, whose accounting practices are under investigation by US regulators, is a difficult company for the United States to understand, executive chairman Jack Ma has said in an interview to Chinese media.
Amid SEC Probe, Jack Ma Says Hard for US to Understand Alibaba
Alibaba Group Holding Ltd, whose accounting practices are under investigation by US regulators, is a difficult company for the United States to understand, executive chairman Jack Ma has said in an interview to Chinese media.
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.