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.
markets
Latest News & Analysis
Marketing
Why Dolce & Gabbana Is Still Frozen Out of China
Two months after Stefano Gabbana called Chinese consumers an 'ignorant dirty smelling mafia,' the brand remains frozen out of the world's biggest luxury market.
Why Dolce & Gabbana Is Still Frozen Out of China
Two months after Stefano Gabbana called Chinese consumers an 'ignorant dirty smelling mafia,' the brand remains frozen out of the world's biggest luxury market.
News & Analysis
Amazon Briefly Becomes Wall Street's Most Valuable Company
Amazon rose 4.7 percent to $865.0 billion compared to Apple's $864.8 billion market capitalisation on Monday.
Amazon Briefly Becomes Wall Street's Most Valuable Company
Amazon rose 4.7 percent to $865.0 billion compared to Apple's $864.8 billion market capitalisation on Monday.
Luxury
Valentino’s Plan to Level Up
Can the Italian label turn Pierpaolo Piccioli’s creative acclaim into commercial success and boost its single-digit growth? Chief executive Stefano Sassi shares his strategy.
Valentino’s Plan to Level Up
Can the Italian label turn Pierpaolo Piccioli’s creative acclaim into commercial success and boost its single-digit growth? Chief executive Stefano Sassi shares his strategy.
Fashion Week
The Real Reason Valentino and Dior Men Showed in Japan
Beneath the surface of enthusiasm that fashion creatives harbour for Japan, there is a carefully calculated business rationale for their choice of locale.
The Real Reason Valentino and Dior Men Showed in Japan
Beneath the surface of enthusiasm that fashion creatives harbour for Japan, there is a carefully calculated business rationale for their choice of locale.
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Marketing
Dolce & Gabbana: Cultural Stupidity Can Be Costly
The rise of global markets and social media have changed the equation on cultural sensitivity. It’s time for brands to catch up.
Dolce & Gabbana: Cultural Stupidity Can Be Costly
The rise of global markets and social media have changed the equation on cultural sensitivity. It’s time for brands to catch up.
News & Analysis
Coty Cuts Deal With Alibaba to Court Chinese Beauty Shoppers
The two companies are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons.
Coty Cuts Deal With Alibaba to Court Chinese Beauty Shoppers
The two companies are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons.
Financial Markets
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Financial Markets
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
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Financial Markets
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
News & Analysis
Jewellery Maker Pandora Hires New China Chief
The Danish company has recruited Geena Tok from Nike to head its business in China, where it has been challenged by a rise in sales on the grey market.
Jewellery Maker Pandora Hires New China Chief
The Danish company has recruited Geena Tok from Nike to head its business in China, where it has been challenged by a rise in sales on the grey market.
News & Analysis
Nike, Michael Kors at Risk in Trump's China Trade War
Boycotts and factory shutdowns? China’s actions against South Korean firms in 2017 may be the model.
Nike, Michael Kors at Risk in Trump's China Trade War
Boycotts and factory shutdowns? China’s actions against South Korean firms in 2017 may be the model.
China
Chinese E-Commerce Giants Battle for Luxury Supremacy
Alibaba’s Luxury Pavilion and JD.com’s Toplife are going head-to-head, but which of these specialised platforms is a better partner for luxury brands?
Chinese E-Commerce Giants Battle for Luxury Supremacy
Alibaba’s Luxury Pavilion and JD.com’s Toplife are going head-to-head, but which of these specialised platforms is a better partner for luxury brands?
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.