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
Part 3: What the Future Holds
What does the future hold for Yoox Net-a-Porter? Will the merger succeed? And now that Massenet has exited the business, what will she do next?
Part 3: What the Future Holds
What does the future hold for Yoox Net-a-Porter? Will the merger succeed? And now that Massenet has exited the business, what will she do next?
News & Analysis
Part 2: The Deal of a Lifetime
How did Federico Marchetti manage to strike the ‘deal of a lifetime’ with Richemont to get the YNAP merger done at such favourable terms?
Part 2: The Deal of a Lifetime
How did Federico Marchetti manage to strike the ‘deal of a lifetime’ with Richemont to get the YNAP merger done at such favourable terms?
News & Analysis
Part 1: The Right of First Refusal
How did Natalie Massenet and Carmen Busquets find themselves in this situation, where a company they had built together could be sold from underneath their feet?
Part 1: The Right of First Refusal
How did Natalie Massenet and Carmen Busquets find themselves in this situation, where a company they had built together could be sold from underneath their feet?
News & Analysis
The Secret Deal to Merge Net-a-Porter with Yoox
The untold story of how Compagnie Financière Richemont agreed to merge Net-a-Porter with Yoox behind the back of Natalie Massenet for a valuation much lower than what many believed the business to be worth.
The Secret Deal to Merge Net-a-Porter with Yoox
The untold story of how Compagnie Financière Richemont agreed to merge Net-a-Porter with Yoox behind the back of Natalie Massenet for a valuation much lower than what many believed the business to be worth.
Luxury
LVMH to Combine Private Equity Unit L Capital With Catterton
LVMH Moet Hennessy Louis Vuitton SE is combining its private equity and real estate investment units with consumer-focused private equity firm Catterton.
LVMH to Combine Private Equity Unit L Capital With Catterton
LVMH Moet Hennessy Louis Vuitton SE is combining its private equity and real estate investment units with consumer-focused private equity firm Catterton.
Financial Markets
China Women’s Fashion Sites Said to Explore Possible Merger
China’s Meilishuo.com, a fashion retailer backed by Tencent Holdings Ltd., and rival Mogujie.com are discussing ways to cooperate that could include a merger, according to people familiar with the matter.
China Women’s Fashion Sites Said to Explore Possible Merger
China’s Meilishuo.com, a fashion retailer backed by Tencent Holdings Ltd., and rival Mogujie.com are discussing ways to cooperate that could include a merger, according to people familiar with the matter.
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.