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
News & Analysis
BoF Exclusive | Karla Otto Merges with Asia-Based K2
The agencies are forming a new entity called The Independents, but will continue to serve clients under their respective brand names.
BoF Exclusive | Karla Otto Merges with Asia-Based K2
The agencies are forming a new entity called The Independents, but will continue to serve clients under their respective brand names.
News & Analysis
Modus and BPCM London Merge
As the business of public relations evolves, the newly created agency ModusBPCM will provide a more integrated approach to marketing and communications.
Modus and BPCM London Merge
As the business of public relations evolves, the newly created agency ModusBPCM will provide a more integrated approach to marketing and communications.
Luxury
Which Brands Should LVMH and Kering Buy and Sell?
As M&A ramps up, the industry is awash with talk about which brands the big groups should buy. But optimising a luxury portfolio must be about selling as well as buying.
Which Brands Should LVMH and Kering Buy and Sell?
As M&A ramps up, the industry is awash with talk about which brands the big groups should buy. But optimising a luxury portfolio must be about selling as well as buying.
Retail
American Eagle and Abercrombie & Fitch: What the Potential Deal Says About the State of Retail
The teaming up of the two longtime rivals indicates an accelerating trend toward challenged brands seeking growth through consolidation.
American Eagle and Abercrombie & Fitch: What the Potential Deal Says About the State of Retail
The teaming up of the two longtime rivals indicates an accelerating trend toward challenged brands seeking growth through consolidation.
Luxury
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Retail
Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid
The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.
Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid
The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.
Retail
A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.
A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.
Luxury
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
News & Analysis
Will Luxottica’s $54 Billion Deal Work?
The merger of Luxottica and Essilor is good for both sides — especially Luxottica and its 81-year-old founder Leonardo Del Vecchio.
Will Luxottica’s $54 Billion Deal Work?
The merger of Luxottica and Essilor is good for both sides — especially Luxottica and its 81-year-old founder Leonardo Del Vecchio.
News & Analysis
Luxottica Agrees €46 Billion Deal With Essilor to Create Eyewear Giant
The deal brings together Luxottica, the world's top spectacles maker with brands such as Oakley and Ray Ban, with Essilor, the world's leading manufacturer of ophthalmic lenses.
Luxottica Agrees €46 Billion Deal With Essilor to Create Eyewear Giant
The deal brings together Luxottica, the world's top spectacles maker with brands such as Oakley and Ray Ban, with Essilor, the world's leading manufacturer of ophthalmic lenses.
Luxury
Report: Burberry Rejects Coach Takeover Approach
The British luxury goods firm turned down a number of informal takeover approaches from Coach, according to a report on Sunday.
Report: Burberry Rejects Coach Takeover Approach
The British luxury goods firm turned down a number of informal takeover approaches from Coach, according to a report on Sunday.
News & Analysis
Report: Burberry and Coach to Merge?
Burberry shares rose as much as 4.8 percent after a report suggested that Coach is considering merging with the British megabrand.
Report: Burberry and Coach to Merge?
Burberry shares rose as much as 4.8 percent after a report suggested that Coach is considering merging with the British megabrand.
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.