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.
sports
Retail
Nike Backs Obama on Trade with Pledge to Create 10,000 US Jobs
Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 US-based manufacturing jobs if the pact is approved.
Nike Backs Obama on Trade with Pledge to Create 10,000 US Jobs
Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 US-based manufacturing jobs if the pact is approved.
News & Analysis
Nike Is Finally Selling US Women's Soccer Team Jerseys to Men
Women are now in the driver's seat in the sports apparel market.
Nike Is Finally Selling US Women's Soccer Team Jerseys to Men
Women are now in the driver's seat in the sports apparel market.
News & Analysis
Top Australian Stock Picker Bets on Comeback for Billabong
Surfwear label Billabong’s journey from a backyard on Australia’s Gold Coast to a $3.2 billion public company culminated in its shares losing 99 percent of their value. Money manager Sebastian Evans is betting on a comeback.
Top Australian Stock Picker Bets on Comeback for Billabong
Surfwear label Billabong’s journey from a backyard on Australia’s Gold Coast to a $3.2 billion public company culminated in its shares losing 99 percent of their value. Money manager Sebastian Evans is betting on a comeback.
Retail
REI’s Crunchy Business Model Is Crushing Retail Competitors
If Recreational Equipment Inc. were a publicly traded company, it would be the toast of Wall Street.
REI’s Crunchy Business Model Is Crushing Retail Competitors
If Recreational Equipment Inc. were a publicly traded company, it would be the toast of Wall Street.
News & Analysis
Adidas Seeks New Boss and Long-Term Strategy
As Adidas AG seeks new CEO, current boss Herbert Hainer asks for two more years to get the company back on track.
Adidas Seeks New Boss and Long-Term Strategy
As Adidas AG seeks new CEO, current boss Herbert Hainer asks for two more years to get the company back on track.
Global Markets
Nike Earnings Beat Estimates as North American Sales Advance
Nike Inc., the world’s largest sporting- goods maker, posted third-quarter profit that topped analysts’ estimates, helped by demand in North America.
Nike Earnings Beat Estimates as North American Sales Advance
Nike Inc., the world’s largest sporting- goods maker, posted third-quarter profit that topped analysts’ estimates, helped by demand in North America.
News & Analysis
Adidas Forecasts 2015 Adjusted Profit Growth
Adidas AG predicted profit growth for this year that matched analysts’ predictions as the struggling German sportswear maker as it pours money into catching up to larger rival Nike Inc.
Adidas Forecasts 2015 Adjusted Profit Growth
Adidas AG predicted profit growth for this year that matched analysts’ predictions as the struggling German sportswear maker as it pours money into catching up to larger rival Nike Inc.
News & Analysis
Nike to Launch Collaboration with Chitose Abe’s Sacai
BoF can exclusively reveal that Nike is set to launch a new fashion collaboration with Chitose Abe’s inventive Japanese label Sacai.
Nike to Launch Collaboration with Chitose Abe’s Sacai
BoF can exclusively reveal that Nike is set to launch a new fashion collaboration with Chitose Abe’s inventive Japanese label Sacai.
Financial Markets
Puma Boosts Yearly Outlook as Second-Half Sales Rise
Puma SE, the German maker of athletic gear that sponsors sprinter Usain Bolt, forecast a belated sales increase this year as the company continues a gradual turnaround.
Puma Boosts Yearly Outlook as Second-Half Sales Rise
Puma SE, the German maker of athletic gear that sponsors sprinter Usain Bolt, forecast a belated sales increase this year as the company continues a gradual turnaround.
Technology
Under Armour Acquires Apps in Bid to Become Top Fitness Tracker
Under Armour Inc., the maker of athletic clothing and gear, is acquiring the MyFitnessPal and Endomondo applications in a bid to become the world’s biggest tracker of fitness information.
Under Armour Acquires Apps in Bid to Become Top Fitness Tracker
Under Armour Inc., the maker of athletic clothing and gear, is acquiring the MyFitnessPal and Endomondo applications in a bid to become the world’s biggest tracker of fitness information.
Technology
Fashion and Tech Converge in Smart-Shirts
Cityzen is putting its technology directly into fabric, differentiating itself from companies such as Apple Inc., LVMH Moet Hennessy Louis Vuitton SA or Swarovski as they turn watches and jewelry into connected objects.
Fashion and Tech Converge in Smart-Shirts
Cityzen is putting its technology directly into fabric, differentiating itself from companies such as Apple Inc., LVMH Moet Hennessy Louis Vuitton SA or Swarovski as they turn watches and jewelry into connected objects.
Marketing
Is Kering Set to Sell Sports Firm Puma?
The owner of Puma SE has explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year, according to people familiar with the matter.
Is Kering Set to Sell Sports Firm Puma?
The owner of Puma SE has explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year, according to people familiar with the matter.
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.