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
Financial Markets
Alibaba Undergoing SEC Investigation Over Accounting Practices
Alibaba Group Holding Ltd. said it’s being investigated by the US Securities and Exchange Commission over its accounting practices and whether they violate federal laws.
Alibaba Undergoing SEC Investigation Over Accounting Practices
Alibaba Group Holding Ltd. said it’s being investigated by the US Securities and Exchange Commission over its accounting practices and whether they violate federal laws.
China
Alibaba's Ma Cancels Speech After Row with Anti-Counterfeiting Group
Alibaba's chief Jack Ma has cancelled a planned speech at an anti-counterfeiting conference in the US after the IACC suspended its membership.
Alibaba's Ma Cancels Speech After Row with Anti-Counterfeiting Group
Alibaba's chief Jack Ma has cancelled a planned speech at an anti-counterfeiting conference in the US after the IACC suspended its membership.
News & Analysis
Two Counts Dismissed in Navajo Case Against Urban Outfitters
A federal judge has dismissed two counts in a lawsuit the Navajo Nation filed against clothing retailer Urban Outfitters Inc.
Two Counts Dismissed in Navajo Case Against Urban Outfitters
A federal judge has dismissed two counts in a lawsuit the Navajo Nation filed against clothing retailer Urban Outfitters Inc.
China
Head of Anti-Fakes Group Closely Tied to Alibaba, Owns Stock
An investigation by The Associated Press has found that the president of an influential anti-counterfeiting group owns Alibaba stock, has close ties to a key Alibaba vice president and uses family members to run his coalition.
Head of Anti-Fakes Group Closely Tied to Alibaba, Owns Stock
An investigation by The Associated Press has found that the president of an influential anti-counterfeiting group owns Alibaba stock, has close ties to a key Alibaba vice president and uses family members to run his coalition.
News & Analysis
Storm at Anti-Counterfeiting Group After Alibaba Joins
Controversy over Alibaba's admittance into the IACC has intensified after board members received an anonymous email threatening a mass defection unless Alibaba is pushed out.
Storm at Anti-Counterfeiting Group After Alibaba Joins
Controversy over Alibaba's admittance into the IACC has intensified after board members received an anonymous email threatening a mass defection unless Alibaba is pushed out.
Technology
Wal-Mart Sues Visa Over Chip-Enabled Debit Cards
Wal-Mart Stores Inc. has sued Visa Inc., charging that the payment network is not allowing the retail giant to let customers verify chip-enabled debit card transactions with what it believes is a more secure method: personal identification numbers.
Wal-Mart Sues Visa Over Chip-Enabled Debit Cards
Wal-Mart Stores Inc. has sued Visa Inc., charging that the payment network is not allowing the retail giant to let customers verify chip-enabled debit card transactions with what it believes is a more secure method: personal identification numbers.
China
Gucci Sorry for Warning to Hong Kong Funeral Offering Shops
Gucci and its parent company have apologised after drawing heavy criticism for warning some Hong Kong shops not to sell paper offerings for the deceased that resembled the fashion brand's luxury products.
Gucci Sorry for Warning to Hong Kong Funeral Offering Shops
Gucci and its parent company have apologised after drawing heavy criticism for warning some Hong Kong shops not to sell paper offerings for the deceased that resembled the fashion brand's luxury products.
Technology
China Regulator to Launch Campaign to Clean Up E-Commerce, Online Ads
Chinese authorities will launch a campaign to clean up e-commerce — targeting trademark violations, counterfeit and poor quality products and the faking of transactions to boost a merchant's online rankings.
China Regulator to Launch Campaign to Clean Up E-Commerce, Online Ads
Chinese authorities will launch a campaign to clean up e-commerce — targeting trademark violations, counterfeit and poor quality products and the faking of transactions to boost a merchant's online rankings.
News & Analysis
Ferragamo SpA Sues Ex-LA Rams Quarterback Over Same-Name Winery
Salvatore Ferragamo SpA has sued former Los Angeles Rams football quarterback Vince Ferragamo, saying he infringed its trademarks by operating his namesake winery in southern California.
Ferragamo SpA Sues Ex-LA Rams Quarterback Over Same-Name Winery
Salvatore Ferragamo SpA has sued former Los Angeles Rams football quarterback Vince Ferragamo, saying he infringed its trademarks by operating his namesake winery in southern California.
China
Alibaba Weighs Appeal Against HK Panel Ruling That Healthcare Deal Broke Takeover Code
Chinese e-commerce giant Alibaba Group Holding Ltd said it's considering whether to launch an appeal against a Hong Kong regulator's finding that it breached takeover rules by buying an effective majority stake in a healthcare firm in 2014 without extending the offer to all of its shareholders.
Alibaba Weighs Appeal Against HK Panel Ruling That Healthcare Deal Broke Takeover Code
Chinese e-commerce giant Alibaba Group Holding Ltd said it's considering whether to launch an appeal against a Hong Kong regulator's finding that it breached takeover rules by buying an effective majority stake in a healthcare firm in 2014 without extending the offer to all of its shareholders.
News & Analysis
German Court Rejects Adidas Bid to Block New Puma Shoes
A German court has rejected an attempt by Adidas to stop its smaller rival Puma from selling a new line of shoes with light-weight, bouncy soles similar to its popular "Boost" brand.
German Court Rejects Adidas Bid to Block New Puma Shoes
A German court has rejected an attempt by Adidas to stop its smaller rival Puma from selling a new line of shoes with light-weight, bouncy soles similar to its popular "Boost" brand.
China
China's Grey Luxury Market Threatened by New Tax Regime
China is raising fees on packages ordered from abroad and cracking down on smugglers who carry in suitcases full of luxury goods, in a concerted effort to encourage shopping at home and squeeze a grey market that shoppers use to avoid tax.
China's Grey Luxury Market Threatened by New Tax Regime
China is raising fees on packages ordered from abroad and cracking down on smugglers who carry in suitcases full of luxury goods, in a concerted effort to encourage shopping at home and squeeze a grey market that shoppers use to avoid tax.
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.