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.
streetwear
Luxury
The New Luxury: How Streetwear Changes Everything
New streetwear aesthetics are hybridising with traditional luxury goods and fundamentally reshaping the market for status symbols, resulting in a genetically different luxury world, argues Luca Solca.
The New Luxury: How Streetwear Changes Everything
New streetwear aesthetics are hybridising with traditional luxury goods and fundamentally reshaping the market for status symbols, resulting in a genetically different luxury world, argues Luca Solca.
News & Analysis
Supreme Items Go on the Auction Block
French auction house Artcurial will sell 150 lots from the label, including rare items ranging from $1,800 box logo t-shirts to $84,000 Louis Vuitton x Supreme trunks.
Supreme Items Go on the Auction Block
French auction house Artcurial will sell 150 lots from the label, including rare items ranging from $1,800 box logo t-shirts to $84,000 Louis Vuitton x Supreme trunks.
Luxury
Ssense’s Billion-Dollar Ambitions: More Than Hype
The e-tailer that pioneered selling luxury streetwear to millennials is opening a five-storey flagship in Montréal. The next challenge: building a billion-dollar global business while keeping its cool.
Ssense’s Billion-Dollar Ambitions: More Than Hype
The e-tailer that pioneered selling luxury streetwear to millennials is opening a five-storey flagship in Montréal. The next challenge: building a billion-dollar global business while keeping its cool.
News & Analysis
The Dawn of Micromerch
"Consider it the modern-day equivalent of the private-press LP or the small-batch zine, amplified for social media and very late capitalism."
The Dawn of Micromerch
"Consider it the modern-day equivalent of the private-press LP or the small-batch zine, amplified for social media and very late capitalism."
Entrepreneurship
Streetwear Reigns Supreme, Say Teens
Brands including Adidas, Supreme and Gucci come out on top in a Piper Jaffray survey of young consumers, while Nike and Ralph Lauren are losing lustre.
Streetwear Reigns Supreme, Say Teens
Brands including Adidas, Supreme and Gucci come out on top in a Piper Jaffray survey of young consumers, while Nike and Ralph Lauren are losing lustre.
News & Analysis
Gosha Rubchinskiy to Stop Label, Launch New Venture
The Russian designer is stopping his namesake label and exploring new ways to make and sell product.
Gosha Rubchinskiy to Stop Label, Launch New Venture
The Russian designer is stopping his namesake label and exploring new ways to make and sell product.
Luxury
How Grailed Became Menswear's Luxury Resale Mecca
With a strategy rooted in curation, content and community, the fast-growing peer-to-peer platform has become a top fashion re-commerce destination for men.
How Grailed Became Menswear's Luxury Resale Mecca
With a strategy rooted in curation, content and community, the fast-growing peer-to-peer platform has become a top fashion re-commerce destination for men.
Luxury
Cult Sneaker Label Filling Pieces Launches Ready-to-Wear
The Amsterdam-based footwear brand, known for its minimal sneakers, wants apparel to account for 40 percent of its total revenue by 2025.
Cult Sneaker Label Filling Pieces Launches Ready-to-Wear
The Amsterdam-based footwear brand, known for its minimal sneakers, wants apparel to account for 40 percent of its total revenue by 2025.
Retail
Nike Showcases Big Bet on Women's Sneaker Market
The American sportswear giant has landed at Paris Fashion Week to debut Unlaced, a new boutique concept that it is calling 'a fantasy sneaker destination for women.'
Nike Showcases Big Bet on Women's Sneaker Market
The American sportswear giant has landed at Paris Fashion Week to debut Unlaced, a new boutique concept that it is calling 'a fantasy sneaker destination for women.'
Luxury
Why Russia Loves Counterfeit Fashion
In a new documentary, Highsnobiety explores Moscow's growing obsession for fake goods from designers including Louis Vuitton, Gucci and Adidas.
Why Russia Loves Counterfeit Fashion
In a new documentary, Highsnobiety explores Moscow's growing obsession for fake goods from designers including Louis Vuitton, Gucci and Adidas.
Financial Markets
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Retail
Union is Headed to Tokyo
The new destination will be the cult streetwear retailer's first new space in 27 years and will include exclusive collaborations with Kaws, Alyx and OAMC.
Union is Headed to Tokyo
The new destination will be the cult streetwear retailer's first new space in 27 years and will include exclusive collaborations with Kaws, Alyx and OAMC.
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.