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.
merger
Latest News & Analysis
Retail
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
Luxury
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
Retail
Old Mutual Backs South African Retailer Footgear’s Acquisition Plans
The plan to buy Edcon’s Edgars Active and High Key assets will create one of Southern Africa's largest sports and casual wear businesses.
Old Mutual Backs South African Retailer Footgear’s Acquisition Plans
The plan to buy Edcon’s Edgars Active and High Key assets will create one of Southern Africa's largest sports and casual wear businesses.
News & Analysis
Bespoke Fashion Start-Ups Join Forces for European Expansion
Menswear shopping services Outfittery and Modomoto are set to transform into a merged business with a revenue target of over €100 million in 2020.
Bespoke Fashion Start-Ups Join Forces for European Expansion
Menswear shopping services Outfittery and Modomoto are set to transform into a merged business with a revenue target of over €100 million in 2020.
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News & Analysis
The Latest Clash Between France and Italy Is Over Sunglasses
Shares in EssilorLuxottica, the world’s largest eyewear company, have slumped 22 percent since the two brands merged.
The Latest Clash Between France and Italy Is Over Sunglasses
Shares in EssilorLuxottica, the world’s largest eyewear company, have slumped 22 percent since the two brands merged.
News & Analysis
Acne Studios Takes Minority Investment
IDG Capital and Hong Kong-based I.T Group have acquired stakes of 30.1 percent and 10.9 percent of the company.
Acne Studios Takes Minority Investment
IDG Capital and Hong Kong-based I.T Group have acquired stakes of 30.1 percent and 10.9 percent of the company.
Retail
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Retail
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
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News & Analysis
Indian Traders' Group Files Objection to Walmart-Flipkart Deal
The Confederation of All India Traders said the merger would create unfair competition and result in predatory pricing.
Indian Traders' Group Files Objection to Walmart-Flipkart Deal
The Confederation of All India Traders said the merger would create unfair competition and result in predatory pricing.
News & Analysis
Op-Ed | Why Michael Kors and Tapestry Should Hold Fire on M&A
The two companies want to turn themselves into luxury powerhouses, but they shouldn't let impatience steer them.
Op-Ed | Why Michael Kors and Tapestry Should Hold Fire on M&A
The two companies want to turn themselves into luxury powerhouses, but they shouldn't let impatience steer them.
News & Analysis
Luxottica CEO Exits Eyewear Giant Ahead of Essilor Merger
Luxottica is simplifying its management structure ahead of a mega-merger with Essilor.
Luxottica CEO Exits Eyewear Giant Ahead of Essilor Merger
Luxottica is simplifying its management structure ahead of a mega-merger with Essilor.
News & Analysis
WME-IMG Renames Parent Company as Endeavor
"Since private equity firm Silver Lake’s initial outside investment in 2012, the company has...boosted its portfolio with a considerable number of
WME-IMG Renames Parent Company as Endeavor
"Since private equity firm Silver Lake’s initial outside investment in 2012, the company has...boosted its portfolio with a considerable number of
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.