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.
millennials
News & Analysis
Op-Ed | The Dark Side of Social Media
For highly strung, hyper-connected millennials scrolling anxiously through the sea of illusions we’ve worked so hard to create, Instagram is becoming a trap, writes Emma Hope Allwood.
Op-Ed | The Dark Side of Social Media
For highly strung, hyper-connected millennials scrolling anxiously through the sea of illusions we’ve worked so hard to create, Instagram is becoming a trap, writes Emma Hope Allwood.
Retail
A Wake-Up Call for Ferragamo
Salvatore Ferragamo was once the world’s buzziest luxury shoemaker, but the storied ‘sleeping beauty’ is having trouble coming back to life.
A Wake-Up Call for Ferragamo
Salvatore Ferragamo was once the world’s buzziest luxury shoemaker, but the storied ‘sleeping beauty’ is having trouble coming back to life.
News & Analysis
What Gucci's Gun Stance Says About the End of Corporate Neutrality
Neutrality on political issues was once the norm, but millennial spending power and political polarisation mean it's now riskier to be neutral than to take a stance.
What Gucci's Gun Stance Says About the End of Corporate Neutrality
Neutrality on political issues was once the norm, but millennial spending power and political polarisation mean it's now riskier to be neutral than to take a stance.
China
China's Young Shoppers Breathe New Life Into Luxury Market
The shift to Millennials, who pushed the Chinese market up to $22.07 billion in sales last year, spurred the rise of new areas such as luxury streetwear.
China's Young Shoppers Breathe New Life Into Luxury Market
The shift to Millennials, who pushed the Chinese market up to $22.07 billion in sales last year, spurred the rise of new areas such as luxury streetwear.
Luxury
China Luxury Sales Rebound as Millennials Snap up Cosmetics, Handbags
Domestic sales of Gucci handbags to Chanel cosmetics rose at the fastest pace in over half a decade last year.
China Luxury Sales Rebound as Millennials Snap up Cosmetics, Handbags
Domestic sales of Gucci handbags to Chanel cosmetics rose at the fastest pace in over half a decade last year.
Beauty
What Young People Really Think About Identity, Influence and the Experience Economy
Beautycon chief executive Moj Mahdara took to the #BoFVOICES stage to share results of her extensive survey of Pivotals, the super-generation age 13 to 34. Watch now.
What Young People Really Think About Identity, Influence and the Experience Economy
Beautycon chief executive Moj Mahdara took to the #BoFVOICES stage to share results of her extensive survey of Pivotals, the super-generation age 13 to 34. Watch now.
Retail
Op-Ed | Why Mindful Millennials Are Modern Pagans
The ancient human need to explain the vastness of the universe through storytelling and mythology is what’s driving millennial consumer culture today in the US, argues Maggie Montagna and Mortimer Singer.
Op-Ed | Why Mindful Millennials Are Modern Pagans
The ancient human need to explain the vastness of the universe through storytelling and mythology is what’s driving millennial consumer culture today in the US, argues Maggie Montagna and Mortimer Singer.
News & Analysis
Will Millennials Boost the Fur Trade?
Millennial-friendly megabrands like Gucci are going fur-free, but the $40 billion global fur industry is working hard to reinvent itself for a new generation of consumers.
Will Millennials Boost the Fur Trade?
Millennial-friendly megabrands like Gucci are going fur-free, but the $40 billion global fur industry is working hard to reinvent itself for a new generation of consumers.
China
Chinese and Millennials Drive Luxury Rebound, Says Bain
Revenue from personal luxury goods is projected to rise 6 percent to €262 billion as Chinese buyers account for 32 percent of the luxury goods market in 2017.
Chinese and Millennials Drive Luxury Rebound, Says Bain
Revenue from personal luxury goods is projected to rise 6 percent to €262 billion as Chinese buyers account for 32 percent of the luxury goods market in 2017.
China
Tapping Generation Next
Millennials and Generation Z are highly connected and prefer experiences to stuff. Can the fashion industry win them over?
Tapping Generation Next
Millennials and Generation Z are highly connected and prefer experiences to stuff. Can the fashion industry win them over?
News & Analysis
Inside the Millennial Mind of Selena Gomez
The pop superstar speaks to BoF's Imran Amed about mental health, the power of authenticity, aligning herself with Coach and why it’s important to separate what you can see on your phone from real life.
Inside the Millennial Mind of Selena Gomez
The pop superstar speaks to BoF's Imran Amed about mental health, the power of authenticity, aligning herself with Coach and why it’s important to separate what you can see on your phone from real life.
News & Analysis
Op-Ed | Why Influencers Are Critical to Tapping Chinese Millennials
WeChat and Weibo are unique in their ability to connect with the Chinese millennial. The secret? The platforms’ influencers, argues Hanzi Shen.
Op-Ed | Why Influencers Are Critical to Tapping Chinese Millennials
WeChat and Weibo are unique in their ability to connect with the Chinese millennial. The secret? The platforms’ influencers, argues Hanzi Shen.
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.