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.
pricing
News & Analysis
Fast Retailing Pledges Lowest Prices in Uniqlo Strategy Reversal
Despite T-shirts on sale for $5.90 and chino shorts at $19.90 on its website, Uniqlo is struggling in Japan where cautious consumers are bracing for tougher financial times.
Fast Retailing Pledges Lowest Prices in Uniqlo Strategy Reversal
Despite T-shirts on sale for $5.90 and chino shorts at $19.90 on its website, Uniqlo is struggling in Japan where cautious consumers are bracing for tougher financial times.
Luxury
Op-Ed | How to Fix Luxury’s Alibaba Problem
Alibaba’s role in the grey market is a bigger issue than counterfeit sales, and a problem luxury brands can help fix, argue Brian Buchwald and Andrew Roth.
Op-Ed | How to Fix Luxury’s Alibaba Problem
Alibaba’s role in the grey market is a bigger issue than counterfeit sales, and a problem luxury brands can help fix, argue Brian Buchwald and Andrew Roth.
News & Analysis
Valentino Cuts Prices in Asia to Boost Local Sales
Italian fashion house Valentino will cut its prices in Asia to bring them into line with European prices.
Valentino Cuts Prices in Asia to Boost Local Sales
Italian fashion house Valentino will cut its prices in Asia to bring them into line with European prices.
Luxury
Why Fashion’s ‘Pink Tax’ Means Women Pay More
Many luxury fashion brands charge women more than men for similar products. What’s behind fashion’s ‘pink tax’?
Why Fashion’s ‘Pink Tax’ Means Women Pay More
Many luxury fashion brands charge women more than men for similar products. What’s behind fashion’s ‘pink tax’?
Retail
Burberry Faces US Lawsuit Accusing It of Deceptive Price Tags
Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains.
Burberry Faces US Lawsuit Accusing It of Deceptive Price Tags
Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains.
Luxury
Super Shrink Me: The Rise of the Mini Handbag
In the last decade, luxury handbag prices have skyrocketed. Now, brands are making smaller versions of iconic styles to win back aspirational consumers.
Super Shrink Me: The Rise of the Mini Handbag
In the last decade, luxury handbag prices have skyrocketed. Now, brands are making smaller versions of iconic styles to win back aspirational consumers.
Luxury
Bally Turnaround Thwarted by Currency "Nightmare"
Frederic de Narp spent 18 months trying to turn around Swiss shoemaker Bally International AG and now finds himself in a currency-induced nightmare.
Bally Turnaround Thwarted by Currency "Nightmare"
Frederic de Narp spent 18 months trying to turn around Swiss shoemaker Bally International AG and now finds himself in a currency-induced nightmare.
China
The China Edit | Prada, Fast Retailing, Hu Bing
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Prada, Fast Retailing, Hu Bing
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
Michael Kors Settles US Lawsuit Alleging Deceptive Price Tags
Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains.
Michael Kors Settles US Lawsuit Alleging Deceptive Price Tags
Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains.
China
The China Edit | Gucci, Pricing, Hermès, New Look
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Gucci, Pricing, Hermès, New Look
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Op-Ed | Could Global Pricing Alignment Backfire?
Luxury brands like Chanel and Prada have been adjusting prices in response to the Chinese market, but currency volatility and political dynamics present a real risk, argues Philip Guarino.
Op-Ed | Could Global Pricing Alignment Backfire?
Luxury brands like Chanel and Prada have been adjusting prices in response to the Chinese market, but currency volatility and political dynamics present a real risk, argues Philip Guarino.
Global Markets
China Import Tax Cuts No Remedy for Retail Slowdown
The tariff cuts in China are the latest in a string of measures to stimulate domestic consumption and bolster economic growth, which hit a 24-year low last year.
China Import Tax Cuts No Remedy for Retail Slowdown
The tariff cuts in China are the latest in a string of measures to stimulate domestic consumption and bolster economic growth, which hit a 24-year low last year.
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.