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.
regulation
Beauty
What Beauty Needs to Know About the Biggest New Regulations in 80 Years
The Modernization of Cosmetics Regulations Act (MoCRA) transforms the US cosmetics landscape from a self-governing body to a federally regulated industry. And with the first deadline just months away, brands need to take heed of new FDA guidelines.
What Beauty Needs to Know About the Biggest New Regulations in 80 Years
The Modernization of Cosmetics Regulations Act (MoCRA) transforms the US cosmetics landscape from a self-governing body to a federally regulated industry. And with the first deadline just months away, brands need to take heed of new FDA guidelines.
Retail
Adidas Claims Ye Mishandled Over $100 Million Marketing Fund
The German apparel maker takes the hip hop artist formerly known as Kanye West to court, claiming Ye used marketing funds for unauthorised purposes.
Adidas Claims Ye Mishandled Over $100 Million Marketing Fund
The German apparel maker takes the hip hop artist formerly known as Kanye West to court, claiming Ye used marketing funds for unauthorised purposes.
Marketing
What the Hollywood Strike Means for Fashion
While red carpets have momentarily dried up for brands and stylists, the SAG and WGA’s simultaneous strikes pose an unlikely opportunity for fashion companies to tap celebrity talent.
What the Hollywood Strike Means for Fashion
While red carpets have momentarily dried up for brands and stylists, the SAG and WGA’s simultaneous strikes pose an unlikely opportunity for fashion companies to tap celebrity talent.
Sustainability
Op-Ed | Are Toxic Chemicals in Fashion Making People Sick?
Clothes contain BPA, PFAS and other dangerous substances – but we still know little about their cumulative impact.
Op-Ed | Are Toxic Chemicals in Fashion Making People Sick?
Clothes contain BPA, PFAS and other dangerous substances – but we still know little about their cumulative impact.
Retail
Report: Shein Files for US IPO
The fast fashion retailer denied a new report that it registered for an initial public offering in New York.
Report: Shein Files for US IPO
The fast fashion retailer denied a new report that it registered for an initial public offering in New York.
Luxury
LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.
LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.
Retail
The Organised Retail Crime Phenomenon, Explained
Reports of large-scale theft rings are driving US lawmakers to explore tough-on-crime policies. Data on whether there is a crime wave paints a more ambiguous picture. BoF unpacks the murky situation.
The Organised Retail Crime Phenomenon, Explained
Reports of large-scale theft rings are driving US lawmakers to explore tough-on-crime policies. Data on whether there is a crime wave paints a more ambiguous picture. BoF unpacks the murky situation.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Can Fashion Quit the World’s Dirtiest Fossil Fuel?
Companies like H&M and Puma are pushing to get coal out of their supply chains by the end of the decade.
Sustainability
Explainer: Why New Sustainability Rules Are Worrying the Fashion Industry
The European Fashion Alliance, a coalition of groups including France’s Fédération de la Haute Couture et de la Mode and Italy’s Camera Nazionale Della Moda Italiana, has weighed in on EU plans to regulate fashion. They’re not entirely happy.
Explainer: Why New Sustainability Rules Are Worrying the Fashion Industry
The European Fashion Alliance, a coalition of groups including France’s Fédération de la Haute Couture et de la Mode and Italy’s Camera Nazionale Della Moda Italiana, has weighed in on EU plans to regulate fashion. They’re not entirely happy.
Sustainability
H&M, Kering Among Companies Piloting Science-Based Targets for Nature
The move to address businesses’ impact on nature is part of a new frontier of corporate environmental reporting.
H&M, Kering Among Companies Piloting Science-Based Targets for Nature
The move to address businesses’ impact on nature is part of a new frontier of corporate environmental reporting.
Sustainability
Selfridges, Hermès Quietly Exit Fashion Pact Amid Slow Progress
Four years after a splashy launch around the G7, the CEO-powered climate drive says it’s gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects.
Selfridges, Hermès Quietly Exit Fashion Pact Amid Slow Progress
Four years after a splashy launch around the G7, the CEO-powered climate drive says it’s gearing up to accelerate action. But it has lost high-profile members and so far delivered little more than a handful of pilot projects.
Sustainability
The Tech Race to Back Up Fashion’s Green Claims
Brands are turning to AI-powered analytics tools to improve their ability to measure environmental impact in the face of new government regulation. But getting hold of accurate data to support these assessments remains a difficult and largely manual challenge.
The Tech Race to Back Up Fashion’s Green Claims
Brands are turning to AI-powered analytics tools to improve their ability to measure environmental impact in the face of new government regulation. But getting hold of accurate data to support these assessments remains a difficult and largely manual challenge.
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.