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.
management
Retail
Adidas CEO Says Top Team Now 'Ideal' After Management Shakeout
Chief executive Kasper Rorsted said his top team was now complete after the departure of two executives who served for years under his predecessor and the appointment of the first woman to the executive board since 1993.
Adidas CEO Says Top Team Now 'Ideal' After Management Shakeout
Chief executive Kasper Rorsted said his top team was now complete after the departure of two executives who served for years under his predecessor and the appointment of the first woman to the executive board since 1993.
Retail
Sears CEO Blames Company Woes on 'Irresponsible' Media
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Sears CEO Blames Company Woes on 'Irresponsible' Media
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Retail
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Retail
Adidas Names New Head of Global Operations
The move is one of latest changes in the sportwear company's senior management since its new chief executive Kaspar Rorsted took over his role in October.
Adidas Names New Head of Global Operations
The move is one of latest changes in the sportwear company's senior management since its new chief executive Kaspar Rorsted took over his role in October.
Retail
M&S Names New Chairman to Bolster Turnaround Efforts
The appointment follows this week’s surprise announcement that Halfords Group Plc CEO Jill McDonald will take over as head of M&S’s struggling clothing business.
M&S Names New Chairman to Bolster Turnaround Efforts
The appointment follows this week’s surprise announcement that Halfords Group Plc CEO Jill McDonald will take over as head of M&S’s struggling clothing business.
Luxury
Burberry to Move 300 Roles Out of London Headquarters
The British luxury brand said its new office in Leeds would open in October and would help to consolidate back-office operations and cut costs.
Burberry to Move 300 Roles Out of London Headquarters
The British luxury brand said its new office in Leeds would open in October and would help to consolidate back-office operations and cut costs.
Luxury
Hugo Boss Profit Rises on Europe and Asia
The company is pinning its hopes of revival under the leadership of its new chief executive Mark Langer, who said the company will return to growth next year.
Hugo Boss Profit Rises on Europe and Asia
The company is pinning its hopes of revival under the leadership of its new chief executive Mark Langer, who said the company will return to growth next year.
News & Analysis
Urban Outfitters Board's 'Extreme Insularity' Blamed for Weak Performance
Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors.
Urban Outfitters Board's 'Extreme Insularity' Blamed for Weak Performance
Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors.
Luxury
Building a Luxury Group Isn't Easy
What separates industry titans like Kering and LVMH from failing luxury group contenders like JAB?
Building a Luxury Group Isn't Easy
What separates industry titans like Kering and LVMH from failing luxury group contenders like JAB?
News & Analysis
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Retail
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Retail
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
Coach Names Joshua Schulman Brand President and CEO
In the newly created role, the former Bergdorf Goodman president will be responsible for all aspects of the brand globally, reporting to Victor Luis, CEO of Coach Inc.
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.