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
Beauty
UK Cosmetics Group Lush Relocates Staff to Germany Post-Brexit
Lush is relocating European staff from Britain to Germany and has expanded production at its German factory in the wake of Britain's vote to leave the European Union.
UK Cosmetics Group Lush Relocates Staff to Germany Post-Brexit
Lush is relocating European staff from Britain to Germany and has expanded production at its German factory in the wake of Britain's vote to leave the European Union.
News & Analysis
David's Bridal Says Its CEO Has Stepped Down
David's Bridal says its chief executive officer Pam Wallack has left the company and chairman Paul Pressler will replace her.
David's Bridal Says Its CEO Has Stepped Down
David's Bridal says its chief executive officer Pam Wallack has left the company and chairman Paul Pressler will replace her.
News & Analysis
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
News & Analysis
Report: Berluti to Hire Haider Ackermann
Berluti is currently in talks to hire Haider Ackermann to replace Alessandro Sartori who returned to Ermenegildo Zegna in February, two sources close to the matter told Reuters.
Report: Berluti to Hire Haider Ackermann
Berluti is currently in talks to hire Haider Ackermann to replace Alessandro Sartori who returned to Ermenegildo Zegna in February, two sources close to the matter told Reuters.
News & Analysis
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
News & Analysis
Coach Inc Names Valentino Executive as CEO of Stuart Weitzman
Coach Inc. has named Valentino executive Wendy Kahn as chief executive and brand president of Stuart Weitzman, the shoe business it bought in May last year.
Coach Inc Names Valentino Executive as CEO of Stuart Weitzman
Coach Inc. has named Valentino executive Wendy Kahn as chief executive and brand president of Stuart Weitzman, the shoe business it bought in May last year.
Retail
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
News & Analysis
Co-Founder Phil Knight Retires From Nike Board
Nike chief executive Mark Parker is the new chairman, while Apple chief executive Tim Cook, on the board since 2005, becomes the lead independent director.
Co-Founder Phil Knight Retires From Nike Board
Nike chief executive Mark Parker is the new chairman, while Apple chief executive Tim Cook, on the board since 2005, becomes the lead independent director.
News & Analysis
Nike Shakeup Creates Three-Man Race to Succeed Parker as CEO
An April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed Mark Parker.
Nike Shakeup Creates Three-Man Race to Succeed Parker as CEO
An April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed Mark Parker.
Retail
Macy’s New CEO Brings Decades of Inside Experience to Top Post
Macy’s has picked career insider to be its next chief executive officer, betting that a manager with a background in merchandising can figure out a way to reinvent the struggling department-store chain.
Macy’s New CEO Brings Decades of Inside Experience to Top Post
Macy’s has picked career insider to be its next chief executive officer, betting that a manager with a background in merchandising can figure out a way to reinvent the struggling department-store chain.
News & Analysis
Macy’s CEO Terry Lundgren to Pass Reins to Deputy Jeff Gennette
Macy’s chief executive officer Terry Lundgren is set to pass the job to president Jeff Gennette in the first quarter of 2017.
Macy’s CEO Terry Lundgren to Pass Reins to Deputy Jeff Gennette
Macy’s chief executive officer Terry Lundgren is set to pass the job to president Jeff Gennette in the first quarter of 2017.
News & Analysis
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
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.