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.
religion
Latest News & Analysis
Fashion Week
Unveiling Saudi Arabia’s Power Brokers
Last week’s Arab Fashion Week Riyadh focused the world’s attention on Saudi Arabian design and the country’s push for women’s rights, but who are the real power brokers in this fashion market worth $15 billion?
Unveiling Saudi Arabia’s Power Brokers
Last week’s Arab Fashion Week Riyadh focused the world’s attention on Saudi Arabian design and the country’s push for women’s rights, but who are the real power brokers in this fashion market worth $15 billion?
News & Analysis
Op-Ed | The Muslim Fashion Market Is Not a Monolith
The fashion industry is beginning to better understand and value Muslim consumers but there is a risk of alienating a diverse market by lumping them all together.
Op-Ed | The Muslim Fashion Market Is Not a Monolith
The fashion industry is beginning to better understand and value Muslim consumers but there is a risk of alienating a diverse market by lumping them all together.
News & Analysis
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Retail
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
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News & Analysis
How ISIS ‘Fashion’ Sews the Seeds of Terror
In the wake of the Brussels terror attacks and a suicide bombing in Istanbul, BoF investigates how ISIS ‘branded’ clothing helps to fuel the terror group’s death machine by leading sympathisers down the road to violent jihad.
How ISIS ‘Fashion’ Sews the Seeds of Terror
In the wake of the Brussels terror attacks and a suicide bombing in Istanbul, BoF investigates how ISIS ‘branded’ clothing helps to fuel the terror group’s death machine by leading sympathisers down the road to violent jihad.
Global Markets
How Conservative Fashions Made a Turkish Shepherd a Billionaire
Waikiki has built Turkey’s most successful fashion brand by selling styles that appeal to observant Muslims without alienating secular buyers.
How Conservative Fashions Made a Turkish Shepherd a Billionaire
Waikiki has built Turkey’s most successful fashion brand by selling styles that appeal to observant Muslims without alienating secular buyers.
Beauty
Can Halal Cosmetics Outgrow Their Niche?
Cosmetics brands are edging into a potentially lucrative market as Muslim consumers become increasingly conscious of halal beauty products.
Can Halal Cosmetics Outgrow Their Niche?
Cosmetics brands are edging into a potentially lucrative market as Muslim consumers become increasingly conscious of halal beauty products.
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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.