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
China
Li & Fung Said to Work With Citigroup on Brands Business Spinoff
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge
Li & Fung Said to Work With Citigroup on Brands Business Spinoff
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge
China
The China Edit | Ma Ke, Leveraging Korean Style, Li & Fung, Shenzhen
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Ma Ke, Leveraging Korean Style, Li & Fung, Shenzhen
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China
Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan
HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered
Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan
HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered
Global Markets
Jean-Marc Loubier of First Heritage Brands on Bridging East and West
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
Jean-Marc Loubier of First Heritage Brands on Bridging East and West
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
News & Analysis
A Row of Opportunity, Part 1
In a fast-growing global menswear market, London's Savile Row, the traditional bastion of bespoke tailoring, is leveraging its unique, internationally-recognised heritage to launch more scalable ready-to-wear lines with new vigour. BoF reports.
A Row of Opportunity, Part 1
In a fast-growing global menswear market, London's Savile Row, the traditional bastion of bespoke tailoring, is leveraging its unique, internationally-recognised heritage to launch more scalable ready-to-wear lines with new vigour. BoF reports.
Technology
Science Fiction is Swiftly Becoming Fact
Exponential technologies, from artificial intelligence to digital manufacturing to synthetic biology, are set to “digitise, dematerialise, demonetise and democratise” entire industries, disrupting old business models and giving rise to new breakthroughs, say experts from the Silicon Valley-based Singularity University.
Science Fiction is Swiftly Becoming Fact
Exponential technologies, from artificial intelligence to digital manufacturing to synthetic biology, are set to “digitise, dematerialise, demonetise and democratise” entire industries, disrupting old business models and giving rise to new breakthroughs, say experts from the Silicon Valley-based Singularity University.
News & Analysis
Li & Fung Profit Misses Estimates on Weaker U.S. Demand
"Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, reported first-half profit that missed analyst estimates amid
Li & Fung Profit Misses Estimates on Weaker U.S. Demand
"Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, reported first-half profit that missed analyst estimates amid
News & Analysis
Bangladesh Factory Victims Wait as Compensation Meeting Delayed
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a
Bangladesh Factory Victims Wait as Compensation Meeting Delayed
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a
News & Analysis
Blurring gender boundaries, LVMH strikes Hermès again, Li & Fung buys Cerruti, Yohji at the V&A, Bibhu Mohaputra
Fashion blurs gender boundaries (Telegraph) "Transsexuals, transvestites and models with no clear gender affiliation are all the rage in current
Blurring gender boundaries, LVMH strikes Hermès again, Li & Fung buys Cerruti, Yohji at the V&A, Bibhu Mohaputra
Fashion blurs gender boundaries (Telegraph) "Transsexuals, transvestites and models with no clear gender affiliation are all the rage in current
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.