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
Dissecting Luxury’s Love for Streetwear
Signs of streetwear’s importance to the luxury business model were everywhere this week, from Virgil Abloh’s last collection for Louis Vuitton to LVMH’s Aimé Leon Dore deal to Bally’s appointment of Rhuigi Villaseñor.
Dissecting Luxury’s Love for Streetwear
Signs of streetwear’s importance to the luxury business model were everywhere this week, from Virgil Abloh’s last collection for Louis Vuitton to LVMH’s Aimé Leon Dore deal to Bally’s appointment of Rhuigi Villaseñor.
Luxury
LVMH Invests in Aimé Leon Dore
The French luxury giant’s venture capital arm is taking a minority stake in the New York streetwear brand founded by Teddy Santis.
LVMH Invests in Aimé Leon Dore
The French luxury giant’s venture capital arm is taking a minority stake in the New York streetwear brand founded by Teddy Santis.
Sustainability
Fashion’s Collaboration Craze Targets Sustainability
A new collaboration between Tommy Hilfiger and Timberland promotes better materials, low-waste designs and transparent partnership.
Fashion’s Collaboration Craze Targets Sustainability
A new collaboration between Tommy Hilfiger and Timberland promotes better materials, low-waste designs and transparent partnership.
Entrepreneurship
How Crenshaw Skate Club Caught Air
The rise of teenager Tobias McIntosh’s South Los Angeles brand shows how entrepreneurs from once unlikely places can build fashion businesses.
How Crenshaw Skate Club Caught Air
The rise of teenager Tobias McIntosh’s South Los Angeles brand shows how entrepreneurs from once unlikely places can build fashion businesses.
Technology
Why Streetwear and NFTs Are a Perfect Match
Both trade in heavily hyped, limited-edition products that offer a sense of community. Fashion brands aiming to tap digital art take note.
Why Streetwear and NFTs Are a Perfect Match
Both trade in heavily hyped, limited-edition products that offer a sense of community. Fashion brands aiming to tap digital art take note.
Sustainability
Ex-Adidas Brand Chief Wants to Build a Sustainable Supreme
Eric Liedtke, who steered Adidas’ collaborations with celebrities like Kanye West and Beyoncé, is launching a zero-waste, zero-plastic streetwear brand.
Ex-Adidas Brand Chief Wants to Build a Sustainable Supreme
Eric Liedtke, who steered Adidas’ collaborations with celebrities like Kanye West and Beyoncé, is launching a zero-waste, zero-plastic streetwear brand.
Luxury
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
How Ssense Became a Quiet Contender in Fashion’s E-Commerce Race
This week, the Canadian e-tailer announced investment from Sequoia Capital China at a valuation of more than $4 billion, signalling big ambitions to build on its success.
Retail
Gap’s First Yeezy Product Is Here
The hotly anticipated tie-up between Kanye West’s Yeezy brand and Gap launched with a blue puffer jacket made from recycled nylon.
Gap’s First Yeezy Product Is Here
The hotly anticipated tie-up between Kanye West’s Yeezy brand and Gap launched with a blue puffer jacket made from recycled nylon.
Retail
Where Next for Kith’s Hype Machine?
As the 10-year-old burgeoning sneaker and streetwear empire opens its first European store in Paris, founder Ronnie Fieg sits down for a rare interview.
Where Next for Kith’s Hype Machine?
As the 10-year-old burgeoning sneaker and streetwear empire opens its first European store in Paris, founder Ronnie Fieg sits down for a rare interview.
Retail
Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up
The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs.
Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up
The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs.
Luxury
Can Shayne Oliver’s HBA Pull Off a Second Coming?
Hood By Air is back with business partner Edison Chen and a strategy that’s more focused on streetwear and direct-to-consumer distribution.
Can Shayne Oliver’s HBA Pull Off a Second Coming?
Hood By Air is back with business partner Edison Chen and a strategy that’s more focused on streetwear and direct-to-consumer distribution.
Luxury
Why Supreme Sold to VF Corporation
In a deal that values the New York streetwear brand at $2.1 billion, Supreme picks up a long-term partner with back-end prowess and ambitions to scale it past $1 billion in annual sales.
Why Supreme Sold to VF Corporation
In a deal that values the New York streetwear brand at $2.1 billion, Supreme picks up a long-term partner with back-end prowess and ambitions to scale it past $1 billion in annual sales.
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.