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
Benetton Announces Leadership Changes as CEO Quits
The company has struggled from competition from fast-fashion brands like Zara and H&M, delisting from the stock exchange in 2012 and bringing in a new team of executives from outside the family.
Benetton Announces Leadership Changes as CEO Quits
The company has struggled from competition from fast-fashion brands like Zara and H&M, delisting from the stock exchange in 2012 and bringing in a new team of executives from outside the family.
Luxury
Ralph Lauren to Close Flagship Fifth Avenue Store, Cut Jobs
The company will close its flagship Polo store on Fifth Avenue, revamp its e-commerce operations and cut jobs in a $370 million shake-up.
Ralph Lauren to Close Flagship Fifth Avenue Store, Cut Jobs
The company will close its flagship Polo store on Fifth Avenue, revamp its e-commerce operations and cut jobs in a $370 million shake-up.
Fashion Week
News Bites | Hanya Yanagihara Named Editor of T Magazine, Jed Root Investor Speaks and More...
In today's News Bites, Hanya Yanagihara is named editor of T: The New York Times Magazine while Stuart Emmrich will leave the paper's Styles section, and Gucci will show its Cruise collection at Florence's Pitti Palace.
News Bites | Hanya Yanagihara Named Editor of T Magazine, Jed Root Investor Speaks and More...
In today's News Bites, Hanya Yanagihara is named editor of T: The New York Times Magazine while Stuart Emmrich will leave the paper's Styles section, and Gucci will show its Cruise collection at Florence's Pitti Palace.
Marketing
News Bites | SoulCycle Reveals Laird+Partners Campaign, Balmain Appoints New CEO
In today's News Bites, SoulCycle reveals its first ever campaign by Trey Laird and Balmain appoints a former Valentino executive as its new CEO.
News Bites | SoulCycle Reveals Laird+Partners Campaign, Balmain Appoints New CEO
In today's News Bites, SoulCycle reveals its first ever campaign by Trey Laird and Balmain appoints a former Valentino executive as its new CEO.
Retail
Gap Names Mark Breitbard as New Banana Republic Head
Breitbard will join Gap in early May, having most recently served as the chief executive of San Francisco based-children's apparel retailer Gymboree Corp.
Gap Names Mark Breitbard as New Banana Republic Head
Breitbard will join Gap in early May, having most recently served as the chief executive of San Francisco based-children's apparel retailer Gymboree Corp.
News & Analysis
Adidas Appoints Harm Ohlmeyer as New CFO
The appointment is the second executive change at Adidas since activist shareholders bought stakes in the company in 2015.
Adidas Appoints Harm Ohlmeyer as New CFO
The appointment is the second executive change at Adidas since activist shareholders bought stakes in the company in 2015.
Luxury
Op-Ed | Sports Direct's Ashley Gets Distracted by Saucy Lingerie
Agent Provocateur is a very different business than even designer sportswear, requiring a different supply chain and store aesthetic.
Op-Ed | Sports Direct's Ashley Gets Distracted by Saucy Lingerie
Agent Provocateur is a very different business than even designer sportswear, requiring a different supply chain and store aesthetic.
Retail
Sports Direct's Ashley Backs Buyer of Agent Provocateur
Agent Provocateur has been placed under administration, a process similar to bankruptcy reorganisation, and will be sold to the Ashley-backed group.
Sports Direct's Ashley Backs Buyer of Agent Provocateur
Agent Provocateur has been placed under administration, a process similar to bankruptcy reorganisation, and will be sold to the Ashley-backed group.
Luxury
Op-Ed | New Activist Investors at Burberry Should Push For Creative Overhaul
Pushing a brand into a new creative direction is not the natural territory for activist investors. It should be.
Op-Ed | New Activist Investors at Burberry Should Push For Creative Overhaul
Pushing a brand into a new creative direction is not the natural territory for activist investors. It should be.
Luxury
News Bites | Calvin Klein and Moonlight, Rebekka Bay Exits Everlane and More...
In today's News Bites, Calvin Klein teams up with the Moonlight cast, Rebekka Bay exits Everlane for Marimekko and Sofia Sanchez de Betak aka Chufy launches her own line.
News Bites | Calvin Klein and Moonlight, Rebekka Bay Exits Everlane and More...
In today's News Bites, Calvin Klein teams up with the Moonlight cast, Rebekka Bay exits Everlane for Marimekko and Sofia Sanchez de Betak aka Chufy launches her own line.
Retail
News Bites | Italy Launches Green Carpet Fashion Awards, What Next for Tiffany?
In today's News Bites, Italy launches a celebration of its ethical and sustainable manufacturing industry, and a sign that Tiffany needs to chart a new path forward.
News Bites | Italy Launches Green Carpet Fashion Awards, What Next for Tiffany?
In today's News Bites, Italy launches a celebration of its ethical and sustainable manufacturing industry, and a sign that Tiffany needs to chart a new path forward.
Luxury
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
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.