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.
restructure
Latest News & Analysis
Retail
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Retail
Mothercare Hopeful for Future After Completing Store Closures
The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.
Mothercare Hopeful for Future After Completing Store Closures
The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.
News & Analysis
Under Armour Cuts 400 More Jobs in Turnaround Push
The sportswear maker will let go of 3 percent of its global workforce to cut costs in its struggle to compete with Nike and Adidas in North America.
Under Armour Cuts 400 More Jobs in Turnaround Push
The sportswear maker will let go of 3 percent of its global workforce to cut costs in its struggle to compete with Nike and Adidas in North America.
Retail
BCBG Max Azria to Close Stores and Restructure as Online Shift Takes Toll
The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers.
BCBG Max Azria to Close Stores and Restructure as Online Shift Takes Toll
The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers.
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News & Analysis
Wal-Mart Is Said to Be Cutting Hundreds of Workers This Month
Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees.
Wal-Mart Is Said to Be Cutting Hundreds of Workers This Month
Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees.
Retail
Michael Kors, Prada Skimp on New Designs in Face of Handbag Woes
Michael Kors Holdings Ltd., Prada SpA, LVMH’s Louis Vuitton and Burberry Group Plc all reduced the number of styles introduced last quarter.
Michael Kors, Prada Skimp on New Designs in Face of Handbag Woes
Michael Kors Holdings Ltd., Prada SpA, LVMH’s Louis Vuitton and Burberry Group Plc all reduced the number of styles introduced last quarter.
News & Analysis
J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
Some of the company’s $2 billion in debt becomes current in 2018, and J. Crew needs to revive its flagging business to stave off rising odds of default.
J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
Some of the company’s $2 billion in debt becomes current in 2018, and J. Crew needs to revive its flagging business to stave off rising odds of default.
News & Analysis
Former Tumi Boss Named New Lands' End CEO
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
Former Tumi Boss Named New Lands' End CEO
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
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Luxury
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Retail
Wal-Mart’s China Revival Strategy Calls in JD.com and Its Drones
The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours.
Wal-Mart’s China Revival Strategy Calls in JD.com and Its Drones
The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours.
News & Analysis
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
News & Analysis
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
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.