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.
politics
News & Analysis
Britain Votes to Exit EU, Pound Plunges and Cameron to Step Down
Britain has voted to exit the 28-nation bloc, unleashing market turmoil, political uncertainty and untold damage to the global fashion industry.
Britain Votes to Exit EU, Pound Plunges and Cameron to Step Down
Britain has voted to exit the 28-nation bloc, unleashing market turmoil, political uncertainty and untold damage to the global fashion industry.
News & Analysis
Aquazzura Claims Ivanka Trump Knocked Off Its Design
Ivanka Trump is being sued by Aquazzura that claims the fashion line carrying her name is selling a knockoff of one of its designs.
Aquazzura Claims Ivanka Trump Knocked Off Its Design
Ivanka Trump is being sued by Aquazzura that claims the fashion line carrying her name is selling a knockoff of one of its designs.
News & Analysis
Messy Brexit Could Lead to Big Hit for UK Economy, Warns IMF
A vote to exit the European Union in next week's referendum could leave Britain's economy more than 5 percent smaller by 2019, the International Monetary Fund said.
Messy Brexit Could Lead to Big Hit for UK Economy, Warns IMF
A vote to exit the European Union in next week's referendum could leave Britain's economy more than 5 percent smaller by 2019, the International Monetary Fund said.
China
Lancôme Shuts Main Hong Kong Stores as Protesters Accuse It of Bowing to China
Lancôme has shut main stores in Hong Kong as protesters gathered accusing it of bowing to China by cancelling a concert featuring a pro-democracy singer.
Lancôme Shuts Main Hong Kong Stores as Protesters Accuse It of Bowing to China
Lancôme has shut main stores in Hong Kong as protesters gathered accusing it of bowing to China by cancelling a concert featuring a pro-democracy singer.
Beauty
Lancôme Faces Hong Kong Backlash for Kowtowing to Beijing
French cosmetics company Lancôme has sparked a backlash in Hong Kong after it canceled a promotional concert featuring a singer known for pro-democracy views, with many accusing it of caving to political pressure from Beijing.
Lancôme Faces Hong Kong Backlash for Kowtowing to Beijing
French cosmetics company Lancôme has sparked a backlash in Hong Kong after it canceled a promotional concert featuring a singer known for pro-democracy views, with many accusing it of caving to political pressure from Beijing.
Global Markets
A ‘Brexit’ Would Be Bad for Fashion
Britain’s exit from the European Union would do real damage to the global fashion industry.
A ‘Brexit’ Would Be Bad for Fashion
Britain’s exit from the European Union would do real damage to the global fashion industry.
Technology
Iran Arrests Fashion Models, Blog Manager in Social Media Crackdown
Iran has launched a new crackdown on social media, arresting fashion models active on photo-sharing websites and a blog website manager after Tehran's top leader declared war on un-Islamic thoughts on the Internet.
Iran Arrests Fashion Models, Blog Manager in Social Media Crackdown
Iran has launched a new crackdown on social media, arresting fashion models active on photo-sharing websites and a blog website manager after Tehran's top leader declared war on un-Islamic thoughts on the Internet.
News & Analysis
Storm at Anti-Counterfeiting Group After Alibaba Joins
Controversy over Alibaba's admittance into the IACC has intensified after board members received an anonymous email threatening a mass defection unless Alibaba is pushed out.
Storm at Anti-Counterfeiting Group After Alibaba Joins
Controversy over Alibaba's admittance into the IACC has intensified after board members received an anonymous email threatening a mass defection unless Alibaba is pushed out.
Beauty
Are You Ready to Replace Your Moisturiser with a Pill?
The makeup industry is trying to convince women that looking good on the outside starts from within — but it's unclear whether the products they're trying to hawk are safe and effective.
Are You Ready to Replace Your Moisturiser with a Pill?
The makeup industry is trying to convince women that looking good on the outside starts from within — but it's unclear whether the products they're trying to hawk are safe and effective.
News & Analysis
Donald Trump for President: America, Is This a Joke?
Donald Trump is turning the American political process into a reality show, and forgetting that thriving industries in the US like fashion are built in no small part by the work of immigrants and their offspring, writes BoF's Imran Amed.
Donald Trump for President: America, Is This a Joke?
Donald Trump is turning the American political process into a reality show, and forgetting that thriving industries in the US like fashion are built in no small part by the work of immigrants and their offspring, writes BoF's Imran Amed.
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.