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.
li-and-fung-group
Latest News & Analysis
Retail
The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities
The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
The New Normal: A Darwinian Shakeout Will Create Fresh Opportunities
The crisis will shake out the weak, embolden the strong and accelerate the decline of those that were already struggling before the pandemic, compelling companies to evaluate divestment and acquisition opportunities and capture whitespaces that emerge from the reshuffle, says The Business of Fashion and McKinsey’s Coronavirus Update to The State of Fashion 2020.
News & Analysis
What’s Your 'Plan B' for Made in China?
US President Donald Trump’s tariff threats have put the importance of supply chain management into sharp focus. What are the sourcing hot spots that offer alternatives to Chinese production?
What’s Your 'Plan B' for Made in China?
US President Donald Trump’s tariff threats have put the importance of supply chain management into sharp focus. What are the sourcing hot spots that offer alternatives to Chinese production?
News & Analysis
Power Moves | Farfetch Announces Chief Fashion Officer, Neiman Marcus President Steps Down
This week, Farfetch appointed Holli Rogers to the newly created position of chief fashion officer, while the president of Neiman Marcus announced his exit from the company.
Power Moves | Farfetch Announces Chief Fashion Officer, Neiman Marcus President Steps Down
This week, Farfetch appointed Holli Rogers to the newly created position of chief fashion officer, while the president of Neiman Marcus announced his exit from the company.
Global Markets
Fung Family Invests in Indian E-Commerce
ShopX has raised $35 million in a new round of funding from Fung Strategic Holdings Ltd.
Fung Family Invests in Indian E-Commerce
ShopX has raised $35 million in a new round of funding from Fung Strategic Holdings Ltd.
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China
Li & Fung’s $1.1 Billion Strategic Divestment
The global trading and sourcing group is selling off its sweater, furniture and beauty product verticals in order to further simplify its business.
Li & Fung’s $1.1 Billion Strategic Divestment
The global trading and sourcing group is selling off its sweater, furniture and beauty product verticals in order to further simplify its business.
Retail
Exposing Asia’s Fashion Empires
The fortunes of many global brands are now in the hands of a few powerful families pondering what comes next for their fashion dynasties.
Exposing Asia’s Fashion Empires
The fortunes of many global brands are now in the hands of a few powerful families pondering what comes next for their fashion dynasties.
China
Li & Fung Profit Rises 16 Percent on Improved US Sales
Revenue from US customers like Target helped lift Li & Fung's first-half profit by 16 percent.
Li & Fung Profit Rises 16 Percent on Improved US Sales
Revenue from US customers like Target helped lift Li & Fung's first-half profit by 16 percent.
News & Analysis
Private Label Partnerships, the Deals that Keep Fashion Ticking
At a time when fashion companies are more focused on brand than ever before, private label manufacturers continue to flourish. BoF reports.
Private Label Partnerships, the Deals that Keep Fashion Ticking
At a time when fashion companies are more focused on brand than ever before, private label manufacturers continue to flourish. BoF reports.
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News & Analysis
Power Moves | Lalonde Named CEO of SMCP, Trinity Appoints Cohen, Barrato Exits Brioni, Wilts Back to Boss
BoF compiles the most important professional moves of the week.
Power Moves | Lalonde Named CEO of SMCP, Trinity Appoints Cohen, Barrato Exits Brioni, Wilts Back to Boss
BoF compiles the most important professional moves of the week.
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.