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
Casablanca Paris to Open First Retail Store as Sales Approach $50 Million
Paris’ Rue du Faubourg Saint-Honoré will house the first boutique for Charaf Tajer’s 6 year-old fashion brand.
Casablanca Paris to Open First Retail Store as Sales Approach $50 Million
Paris’ Rue du Faubourg Saint-Honoré will house the first boutique for Charaf Tajer’s 6 year-old fashion brand.
Beauty
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Beauty
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
Beauty
How Franchising Can Help Beauty Start-Ups Grow
More brands are charting brick-and-mortar expansions through franchise partners despite the challenges that come with the business model.
How Franchising Can Help Beauty Start-Ups Grow
More brands are charting brick-and-mortar expansions through franchise partners despite the challenges that come with the business model.
Beauty
Trinny London Opens Its First Flagship Store
The UK-based digitally native beauty start-up’s yellow storefront on King’s Road is a major element of its push to reach $100 million in annual sales.
Trinny London Opens Its First Flagship Store
The UK-based digitally native beauty start-up’s yellow storefront on King’s Road is a major element of its push to reach $100 million in annual sales.
Global Markets
Hong Kong Luxury Shops Sit Empty as Chinese Spending Plunges
Banks and fast food restaurants have taken over spaces once leased to the likes of Omega and Burberry in the iconic shopping destination.
Hong Kong Luxury Shops Sit Empty as Chinese Spending Plunges
Banks and fast food restaurants have taken over spaces once leased to the likes of Omega and Burberry in the iconic shopping destination.
Global Markets
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
While the yen’s plummet drove a rush of international shoppers looking for bargains, Japan’s famously robust secondhand fashion market is set to keep growing even as the currency bounces back.
Japan’s Secondhand Fashion Boom Is Bigger Than the Weak Yen
While the yen’s plummet drove a rush of international shoppers looking for bargains, Japan’s famously robust secondhand fashion market is set to keep growing even as the currency bounces back.
Beauty
How Tweens Took Over the Beauty Aisle | The Debrief
Senior correspondent Sheena Butler-Young speaks with Priya Rao, executive editor at The Business of Beauty, about tweens’ rising influence in beauty and how brands are catering to this young and increasingly influential demographic.
How Tweens Took Over the Beauty Aisle | The Debrief
Senior correspondent Sheena Butler-Young speaks with Priya Rao, executive editor at The Business of Beauty, about tweens’ rising influence in beauty and how brands are catering to this young and increasingly influential demographic.
Luxury
How Shoppers Get Luxury’s Most Exclusive Products
Shoppers are finding alternative ways to get their hands on the unattainable bags, shoes and watches, from auction houses to specialised fashion sourcers.
How Shoppers Get Luxury’s Most Exclusive Products
Shoppers are finding alternative ways to get their hands on the unattainable bags, shoes and watches, from auction houses to specialised fashion sourcers.
Direct-to-Consumer
How Brands Can Beat the E-Commerce Slowdown
The upside for online sales may be lower than many retailers anticipated. Physical stores and social commerce could make up the gap.
How Brands Can Beat the E-Commerce Slowdown
The upside for online sales may be lower than many retailers anticipated. Physical stores and social commerce could make up the gap.
Beauty
With Ulta Beauty Entry, Ilia Wants to Go Mainstream
An early pioneer of 'clean' beauty, the premium cosmetics brand is jockeying to become a household name and conquer more categories and global territories.
With Ulta Beauty Entry, Ilia Wants to Go Mainstream
An early pioneer of 'clean' beauty, the premium cosmetics brand is jockeying to become a household name and conquer more categories and global territories.
Beauty
Who Is Buying a $500 Moisturiser?
As aspirational shoppers pull back from spending, brands are investing in hyper-premium products in an effort to court high-net-worth individuals who are happy to spend triple digits on a single item. These shoppers are more discerning than most.
Who Is Buying a $500 Moisturiser?
As aspirational shoppers pull back from spending, brands are investing in hyper-premium products in an effort to court high-net-worth individuals who are happy to spend triple digits on a single item. These shoppers are more discerning than most.
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.