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.
tariff
China
Shein’s Tariff-Busting Shift Hits Home in Chinese Factory Hub
Local factories report falling orders, claiming the ultra-fast-fashion giant is diversifying production to Vietnam.
Shein’s Tariff-Busting Shift Hits Home in Chinese Factory Hub
Local factories report falling orders, claiming the ultra-fast-fashion giant is diversifying production to Vietnam.
Retail
Explainer: What the US-China Trade War Means for Fashion
President Trump’s sky-high tariffs on China, along with the end of the de minimis tax loophole, have left American fashion businesses scrambling. BoF unpacks the challenges ahead as companies try to navigate the situation.
Explainer: What the US-China Trade War Means for Fashion
President Trump’s sky-high tariffs on China, along with the end of the de minimis tax loophole, have left American fashion businesses scrambling. BoF unpacks the challenges ahead as companies try to navigate the situation.
Retail
Can Tariffs Really Revive ‘Made in USA’ Fashion? | The Debrief
BoF correspondents Malique Morris and Marc Bain discuss the complicated reality of Trump's tariffs and their promise to bring fashion manufacturing back to the US.
Can Tariffs Really Revive ‘Made in USA’ Fashion? | The Debrief
BoF correspondents Malique Morris and Marc Bain discuss the complicated reality of Trump's tariffs and their promise to bring fashion manufacturing back to the US.
Global Markets
Worldview | Panic Grips Asia’s Factories Despite US Tariff Pause
This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on Middle East manufacturers, Chinese duty-free stocks and Sao Paulo Fashion Week.
Worldview | Panic Grips Asia’s Factories Despite US Tariff Pause
This week’s round-up of global markets fashion business news also features the impact of Trump’s tariffs on Middle East manufacturers, Chinese duty-free stocks and Sao Paulo Fashion Week.
Retail
How Made-in-America Brands Turn Tariff Turmoil Into Opportunity
While tariff uncertainty threatens to roil the global fashion industry, brands that already produce their goods in the US have an opportunity to shine if they’re able to communicate the value of American manufacturing to cautious consumers.
How Made-in-America Brands Turn Tariff Turmoil Into Opportunity
While tariff uncertainty threatens to roil the global fashion industry, brands that already produce their goods in the US have an opportunity to shine if they’re able to communicate the value of American manufacturing to cautious consumers.
Global Markets
Trump Sees ‘Transition Problems’ With China Tariffs at 145%
‘There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,’ Trump said Thursday during a Cabinet meeting. ‘We’re in very good shape.’
Trump Sees ‘Transition Problems’ With China Tariffs at 145%
‘There’ll be a transition cost, and transition problems, but in the end it’s going to be a beautiful thing,’ Trump said Thursday during a Cabinet meeting. ‘We’re in very good shape.’
Global Markets
EU Suspends Retaliatory 25% Tariffs on US Goods After Trump U-Turn
European Commission president Ursula von der Leyen said, “If negotiations are not satisfactory, our countermeasures will kick in,” underscoring that the retaliatory tariffs are on hold for 90 days.
EU Suspends Retaliatory 25% Tariffs on US Goods After Trump U-Turn
European Commission president Ursula von der Leyen said, “If negotiations are not satisfactory, our countermeasures will kick in,” underscoring that the retaliatory tariffs are on hold for 90 days.
Sustainability
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion
Some have hailed America’s escalating trade war as a means to finally curb overconsumption of cheap goods. Instead, the economic hardship its likely to bring on will eviscerate efforts to transform the industry for the better, writes Kenneth P. Pucker.
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion
Some have hailed America’s escalating trade war as a means to finally curb overconsumption of cheap goods. Instead, the economic hardship its likely to bring on will eviscerate efforts to transform the industry for the better, writes Kenneth P. Pucker.
Beauty
Trump’s Tariffs Send Beauty Industry Into Crisis Mode
High tariffs on top beauty import sources including South Korea and France have brands rethinking their budgets – but not necessarily their production locations.
Trump’s Tariffs Send Beauty Industry Into Crisis Mode
High tariffs on top beauty import sources including South Korea and France have brands rethinking their budgets – but not necessarily their production locations.
Retail
Trump’s Tariffs: Assessing the Impact, One Week Later
As the shock wears off, fashion businesses are starting to draw up plans to navigate a market that is still rapidly changing under their feet.
Trump’s Tariffs: Assessing the Impact, One Week Later
As the shock wears off, fashion businesses are starting to draw up plans to navigate a market that is still rapidly changing under their feet.
Global Markets
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China in retaliation against China’s raised reciprocal tariffs on US goods, further escalating the trade war.
Trump Threatens 50% More China Tariffs, Teases Talks With Others
President Donald Trump threatened to slap additional 50 percent import taxes on China in retaliation against China’s raised reciprocal tariffs on US goods, further escalating the trade war.
Retail
It Could Set the Industry Back 50 Years: Fashion Braces for Impact of Trump Tariffs
From farmers to designers, the entire supply chain will be hit — but it is unclear what duties apply to a finished product.
It Could Set the Industry Back 50 Years: Fashion Braces for Impact of Trump Tariffs
From farmers to designers, the entire supply chain will be hit — but it is unclear what duties apply to a finished product.
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.