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.
stores
Luxury
LVMH Bets on LA’s Rodeo Drive with New Tiffany, Louis Vuitton Flagships
The French luxury giant is further solidifying its control over the exclusive Beverly Hills retail zone with plans for a new Tiffany flagship and a large Louis Vuitton store and cultural campus.
LVMH Bets on LA’s Rodeo Drive with New Tiffany, Louis Vuitton Flagships
The French luxury giant is further solidifying its control over the exclusive Beverly Hills retail zone with plans for a new Tiffany flagship and a large Louis Vuitton store and cultural campus.
Beauty
Katrina Kaif Brings Indian Beauty to the World
In just six years, Kay Beauty has become India’s fastest-growing celebrity-founded beauty line. Kaif and Nykaa co-founder Adwaita Nayar spoke exclusively to The Business of Beauty about the brand’s global ambitions.
Katrina Kaif Brings Indian Beauty to the World
In just six years, Kay Beauty has become India’s fastest-growing celebrity-founded beauty line. Kaif and Nykaa co-founder Adwaita Nayar spoke exclusively to The Business of Beauty about the brand’s global ambitions.
Beauty
Is Now the Moment for $160 Lipstick? Louis Vuitton Hopes So
The fashion house’s reveal of its debut cosmetics line has fired off a hot debate about the limits of what brands can charge for beauty. Will that noise translate into sales? Or did luxury’s biggest brand misjudge the moment?
Is Now the Moment for $160 Lipstick? Louis Vuitton Hopes So
The fashion house’s reveal of its debut cosmetics line has fired off a hot debate about the limits of what brands can charge for beauty. Will that noise translate into sales? Or did luxury’s biggest brand misjudge the moment?
Beauty
Louis Vuitton Tests the Limits of Luxury Beauty With $160 Lipsticks
The range of 55 lipsticks, 10 lip balms and eight eyeshadow palettes will launch globally on Aug. 29 in select Louis Vuitton stores. At those prices, who’s buying?
Louis Vuitton Tests the Limits of Luxury Beauty With $160 Lipsticks
The range of 55 lipsticks, 10 lip balms and eight eyeshadow palettes will launch globally on Aug. 29 in select Louis Vuitton stores. At those prices, who’s buying?
Beauty
Why Ulta Beauty and Target Broke Up
The largest beauty retailer in the US announced it will not renew its shop-in-shop partnership with Target. While initially popular, poor execution, changing shopping habits and overlap between the two stores’ locations and customers brought the collaboration to a halt, experts said.
Why Ulta Beauty and Target Broke Up
The largest beauty retailer in the US announced it will not renew its shop-in-shop partnership with Target. While initially popular, poor execution, changing shopping habits and overlap between the two stores’ locations and customers brought the collaboration to a halt, experts said.
Luxury
Tired of the Hamptons? Fashion Isn’t
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
Tired of the Hamptons? Fashion Isn’t
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
Beauty
Satoshi Kuwata’s Perfume Dreams Come True
Setchu’s debut collection of five fragrances will be sold at Dover Street Market in September after an unveiling at Pitti Fragranze in Milan, founder Satoshi Kuwata exclusively told The Business of Beauty.
Satoshi Kuwata’s Perfume Dreams Come True
Setchu’s debut collection of five fragrances will be sold at Dover Street Market in September after an unveiling at Pitti Fragranze in Milan, founder Satoshi Kuwata exclusively told The Business of Beauty.
Beauty
LA’s Uneven Road to Post-Fire Recovery
Six months after the Eaton and Palisades fires, fashion and beauty businesses are just starting to imagine what rebuilding will look like in a world increasingly beset by climate change-related disasters.
LA’s Uneven Road to Post-Fire Recovery
Six months after the Eaton and Palisades fires, fashion and beauty businesses are just starting to imagine what rebuilding will look like in a world increasingly beset by climate change-related disasters.
Beauty
Space NK Bets on Young Shoppers With New London Megastore
The attention-grabbing new store on London’s Oxford Street is the British chain’s most ambitious gambit yet, and joins a flock of global beauty retailers debuting flagships packed with experiential elements.
Space NK Bets on Young Shoppers With New London Megastore
The attention-grabbing new store on London’s Oxford Street is the British chain’s most ambitious gambit yet, and joins a flock of global beauty retailers debuting flagships packed with experiential elements.
Beauty
How Niche Perfumers Pay to Win
Luxury fragrance houses like Marc-Antoine Barrois, Amouge and Krigler are pouring investment into their retail spaces, master perfumers and artisanal manufacturing — and reaping double-digit sales growth.
How Niche Perfumers Pay to Win
Luxury fragrance houses like Marc-Antoine Barrois, Amouge and Krigler are pouring investment into their retail spaces, master perfumers and artisanal manufacturing — and reaping double-digit sales growth.
Beauty
Mexican Beauty Brands Seize the Moment
Brands founded in Mexico were already riding a wave of national pride, as more customers look for more culturally authentic brands. Now TikTok Shop, savvy marketing and improved trade policy are helping them grow to the next level.
Mexican Beauty Brands Seize the Moment
Brands founded in Mexico were already riding a wave of national pride, as more customers look for more culturally authentic brands. Now TikTok Shop, savvy marketing and improved trade policy are helping them grow to the next level.
Retail
As Foreign Tourists Stay Away, US Retailers Dust Off Their Covid Playbooks
International visits to the US are falling fast due to tariffs and growing tensions between America and the rest of the world. The silver lining for retailers: they’ve been down this road before.
As Foreign Tourists Stay Away, US Retailers Dust Off Their Covid Playbooks
International visits to the US are falling fast due to tariffs and growing tensions between America and the rest of the world. The silver lining for retailers: they’ve been down this road before.
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.