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.
mckinsey-and-company
Latest News & Analysis
Marketing
How Fashion's Sustainability Targets Measure Up
After weathering the initial shock of the coronavirus crisis, many fashion companies have started to publish their sustainability goals for the next five to 10 years. But these initiatives risk falling short of an industry-wide imperative to drastically reduce environmental impact within the next decade.
How Fashion's Sustainability Targets Measure Up
After weathering the initial shock of the coronavirus crisis, many fashion companies have started to publish their sustainability goals for the next five to 10 years. But these initiatives risk falling short of an industry-wide imperative to drastically reduce environmental impact within the next decade.
Marketing
How to Avoid the Greenwashing Trap
As sustainability becomes more important to consumers, brands must invest in genuine root and branch reform, manage expectations, be humble and own up to their shortcomings to avoid backlash because consumers ultimately see through platitudes and gimmicky campaigns.
How to Avoid the Greenwashing Trap
As sustainability becomes more important to consumers, brands must invest in genuine root and branch reform, manage expectations, be humble and own up to their shortcomings to avoid backlash because consumers ultimately see through platitudes and gimmicky campaigns.
Global Markets
The BoF Podcast: Inside The State of Fashion 2020
Listen to BoF's Imran Amed and McKinsey’s Achim Berg discuss the key themes that will define the global fashion industry in the next year.
The BoF Podcast: Inside The State of Fashion 2020
Listen to BoF's Imran Amed and McKinsey’s Achim Berg discuss the key themes that will define the global fashion industry in the next year.
China
The BoF Podcast: McKinsey’s Kevin Sneader on the China Opportunity
As the fashion industry turns its attention to China's burgeoning consumer market, Hong Kong-based Kevin Sneader challenges one-dimensional conceptions of the country and its people.
The BoF Podcast: McKinsey’s Kevin Sneader on the China Opportunity
As the fashion industry turns its attention to China's burgeoning consumer market, Hong Kong-based Kevin Sneader challenges one-dimensional conceptions of the country and its people.
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Luxury
Live Event Debrief: The State of Fashion 2019
Watch our members-only discussion to find out the key takeaways from The State of Fashion 2019 report.
Live Event Debrief: The State of Fashion 2019
Watch our members-only discussion to find out the key takeaways from The State of Fashion 2019 report.
China
As China Becomes the World’s Largest Fashion Market, Could Local Players Dominate?
Good news for China's local brands, five arrested in a fake botox bust, and Hangzhou eyes the New Retail throne. Read China Decoded to make sense of the market.
As China Becomes the World’s Largest Fashion Market, Could Local Players Dominate?
Good news for China's local brands, five arrested in a fake botox bust, and Hangzhou eyes the New Retail throne. Read China Decoded to make sense of the market.
Luxury
The State of Fashion 2019: An ‘Urgent Awakening’ for the Industry
BoF and McKinsey & Company's latest State of Fashion report forecasts a year of slowing growth, a paradigm shift between consumers and the fashion system, and a tipping point as Greater China overtakes the US as the world’s largest fashion market.
The State of Fashion 2019: An ‘Urgent Awakening’ for the Industry
BoF and McKinsey & Company's latest State of Fashion report forecasts a year of slowing growth, a paradigm shift between consumers and the fashion system, and a tipping point as Greater China overtakes the US as the world’s largest fashion market.
Workplace & Talent
Dame Ellen MacArthur on Building Momentum for Sustainability in Fashion
One of the world’s leading thinkers on the circular economy speaks to BoF about the growing momentum among fashion companies to commit to the principles of this restorative and regenerative movement.
Dame Ellen MacArthur on Building Momentum for Sustainability in Fashion
One of the world’s leading thinkers on the circular economy speaks to BoF about the growing momentum among fashion companies to commit to the principles of this restorative and regenerative movement.
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Technology
10 Trends That Will Define the Fashion Agenda in 2018
In the new year, new patterns will shape the global fashion industry, from the assertion of Asian players to a globalisation reboot, reveals BoF and McKinsey & Company's in-depth report, The State of Fashion 2018.
10 Trends That Will Define the Fashion Agenda in 2018
In the new year, new patterns will shape the global fashion industry, from the assertion of Asian players to a globalisation reboot, reveals BoF and McKinsey & Company's in-depth report, The State of Fashion 2018.
Financial Markets
Fashion in 2018 | 01. Predictably Unpredictable
In 2018, fashion executives will need to accept the fact that change and instability are fixed features of the current business climate, and to focus their efforts on those aspects of the business that they can control.
Fashion in 2018 | 01. Predictably Unpredictable
In 2018, fashion executives will need to accept the fact that change and instability are fixed features of the current business climate, and to focus their efforts on those aspects of the business that they can control.
News & Analysis
Fashion in 2018 | 02. Globalisation Reboot
Despite the rise of nationalism, isolationist rhetoric and reshoring, globalisation will not stall in 2018.
Fashion in 2018 | 02. Globalisation Reboot
Despite the rise of nationalism, isolationist rhetoric and reshoring, globalisation will not stall in 2018.
Technology
Online Giants Get Personal
Powered by artificial intelligence and big data, the world’s biggest e-commerce platforms can make an impersonal environment seem highly personal. Will fashion brands find working with these giants an increasingly persuasive proposition?
Online Giants Get Personal
Powered by artificial intelligence and big data, the world’s biggest e-commerce platforms can make an impersonal environment seem highly personal. Will fashion brands find working with these giants an increasingly persuasive proposition?
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.