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.
race
Latest News & Analysis
Entrepreneurship
Fashion Executives Form Mentorship Organisation for Black Founders and Professionals
RaiseFashion, a not-for-profit group led by retail and fashion leaders, will offer free consulting for Black-owned brands and industry professionals seeking advice on everything from supply chain to marketing.
Fashion Executives Form Mentorship Organisation for Black Founders and Professionals
RaiseFashion, a not-for-profit group led by retail and fashion leaders, will offer free consulting for Black-owned brands and industry professionals seeking advice on everything from supply chain to marketing.
Workplace & Talent
Op-Ed | A Black Fashion Executive Endures Subtle Racism for a Seat at the Table
Kevin Fegans recalls how he was forced to ignore microaggressions and compartmentalise his feelings on race relations in order to pursue his career aspirations.
Op-Ed | A Black Fashion Executive Endures Subtle Racism for a Seat at the Table
Kevin Fegans recalls how he was forced to ignore microaggressions and compartmentalise his feelings on race relations in order to pursue his career aspirations.
Workplace & Talent
The BoF Podcast: Aniyia Williams on Why Self-Examination Is Critical to Dismantling Racism in Fashion
The entrepreneur talks to BoF’s Imran Amed on finding blind spots and difficult conversations.
The BoF Podcast: Aniyia Williams on Why Self-Examination Is Critical to Dismantling Racism in Fashion
The entrepreneur talks to BoF’s Imran Amed on finding blind spots and difficult conversations.
Beauty
Beauty Giants Bow to Pressure on Skin Lightening Lotions. Is it Enough?
Large conglomerates have come under fire for showing support for the racial justice movement while manufacturing and distributing skin-whitening lotions. Some are taking action, but critics question whether it’s enough.
Beauty Giants Bow to Pressure on Skin Lightening Lotions. Is it Enough?
Large conglomerates have come under fire for showing support for the racial justice movement while manufacturing and distributing skin-whitening lotions. Some are taking action, but critics question whether it’s enough.
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Workplace & Talent
The BoF Podcast: June Sarpong Says Fashion’s Gatekeepers Need to Start Thinking Differently About Diversity
June Sarpong shares her advice on how organisations can improve their diversity and inclusive representation, and effectively champion allyship.
The BoF Podcast: June Sarpong Says Fashion’s Gatekeepers Need to Start Thinking Differently About Diversity
June Sarpong shares her advice on how organisations can improve their diversity and inclusive representation, and effectively champion allyship.
Marketing
Fixing the Whitewashed Influencer Economy
BoF breaks down the system of pay gaps, racist exclusion and algorithms that keep black influencers from excelling — and what needs to happen to make it stop.
Fixing the Whitewashed Influencer Economy
BoF breaks down the system of pay gaps, racist exclusion and algorithms that keep black influencers from excelling — and what needs to happen to make it stop.
Media
Op-Ed | Condé Nast’s Big Issue Is Classism
Social class remains curiously absent from America’s conversation on race, but it has always been in sharp focus at Condé Nast, writes Bonnie Morrison.
Op-Ed | Condé Nast’s Big Issue Is Classism
Social class remains curiously absent from America’s conversation on race, but it has always been in sharp focus at Condé Nast, writes Bonnie Morrison.
Luxury
Mexico Calls out Louis Vuitton for Using Traditional Pattern
In June, the Mexican government also questioned Carolina Herrera for 'cultural appropriation' of indigenous patterns.
Mexico Calls out Louis Vuitton for Using Traditional Pattern
In June, the Mexican government also questioned Carolina Herrera for 'cultural appropriation' of indigenous patterns.
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Luxury
Prada Mounts Diversity Council as Brands Face Blackface Backlash
African-American artists Theaster Gates and Ava DuVernay will chair a group created to 'elevate voices of colour' and advise on diversity issues.
Prada Mounts Diversity Council as Brands Face Blackface Backlash
African-American artists Theaster Gates and Ava DuVernay will chair a group created to 'elevate voices of colour' and advise on diversity issues.
News & Analysis
Yara Shahidi: ‘Brown Faces Are Bankable’
Anointed by Oprah Winfrey and Michelle Obama, the 18-year-old 'Black-ish’ star, Tory Burch brand ambassador and Harvard freshman is schooling the fashion industry on race, activism and the future.
Yara Shahidi: ‘Brown Faces Are Bankable’
Anointed by Oprah Winfrey and Michelle Obama, the 18-year-old 'Black-ish’ star, Tory Burch brand ambassador and Harvard freshman is schooling the fashion industry on race, activism and the future.
Sustainability
Social Goods | China Adds to Luxury's Waste Issue, Streetwear's Sexism Problem
This week, luxury brands destroy unsold goods due to a drop in Chinese demand, while streetwear remains to be a boy's club, especially for women of colour.
Social Goods | China Adds to Luxury's Waste Issue, Streetwear's Sexism Problem
This week, luxury brands destroy unsold goods due to a drop in Chinese demand, while streetwear remains to be a boy's club, especially for women of colour.
Beauty
Social Goods | Abercrombie's Unisex Kids Line, Responsible Cashmere
This week, Abercrombie & Fitch launches gender-neutral collection for children, while the sustainable cashmere market has a transparency problem.
Social Goods | Abercrombie's Unisex Kids Line, Responsible Cashmere
This week, Abercrombie & Fitch launches gender-neutral collection for children, while the sustainable cashmere market has a transparency problem.
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.