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
News & Analysis
YNAP Loses Another Executive as Human Resources Chief Quits
Naomi Hewitt, who was promoted to director of people and organisation in October, resigned in April, a company official confirmed.
YNAP Loses Another Executive as Human Resources Chief Quits
Naomi Hewitt, who was promoted to director of people and organisation in October, resigned in April, a company official confirmed.
News & Analysis
Burberry COO John Smith to Resign After Seven Years
Smith is leaving to pursue new interests and will step down from the board by summer next year.
Burberry COO John Smith to Resign After Seven Years
Smith is leaving to pursue new interests and will step down from the board by summer next year.
Beauty
Birchbox Finds Cute Boxes Filled With Makeup Are Not Enough
As it seeks a bigger slice of America's $16 billion prestige beauty industry, Birchbox is struggling to become a full-spectrum retailer rather than just a precious peddler of monthly subscription boxes.
Birchbox Finds Cute Boxes Filled With Makeup Are Not Enough
As it seeks a bigger slice of America's $16 billion prestige beauty industry, Birchbox is struggling to become a full-spectrum retailer rather than just a precious peddler of monthly subscription boxes.
News & Analysis
Lululemon Founder Says Company 'Has Lost its Way'
Founder Chip Wilson has blasted Lululemon's management, saying that the yoga clothing company 'has lost its way' and that 'a call to action is needed.'
Lululemon Founder Says Company 'Has Lost its Way'
Founder Chip Wilson has blasted Lululemon's management, saying that the yoga clothing company 'has lost its way' and that 'a call to action is needed.'
News & Analysis
Dior Says New Designer 'Work in Progress'
Six months after the departure of Raf Simons, appointing a new creative director is a "work in progress," says Dior's chief executive Sidney Toledano.
Dior Says New Designer 'Work in Progress'
Six months after the departure of Raf Simons, appointing a new creative director is a "work in progress," says Dior's chief executive Sidney Toledano.
Retail
Investors Unimpressed by Marks & Spencer Clothing Revival Plan
Marks & Spencer will reduce styles to de-clutter its stores, cut prices on up to a third of its items by more than 10 percent and dial back promotions, it has announced after conducting a six-week strategy review.
Investors Unimpressed by Marks & Spencer Clothing Revival Plan
Marks & Spencer will reduce styles to de-clutter its stores, cut prices on up to a third of its items by more than 10 percent and dial back promotions, it has announced after conducting a six-week strategy review.
Retail
M&S Boss to Map Out Rocky Road to Recovery
Turning around Marks & Spencer's clothing business will require yet more costly change and could squeeze short-term profits.
M&S Boss to Map Out Rocky Road to Recovery
Turning around Marks & Spencer's clothing business will require yet more costly change and could squeeze short-term profits.
News & Analysis
Sales in China, Europe Drive Handbag Maker Coach's Profit
Coach Inc, which has been trying to regain its cachet in the luxury handbag market, reported better-than-expected quarterly sales, spurred by demand in China and Europe.
Sales in China, Europe Drive Handbag Maker Coach's Profit
Coach Inc, which has been trying to regain its cachet in the luxury handbag market, reported better-than-expected quarterly sales, spurred by demand in China and Europe.
News & Analysis
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
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.