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
Retail
With Trump’s Tariffs, It’s the Uncertainty That Stings the Most
The new tariffs and constant reversals have knocked global businesses off balance and left them straining to adjust to a mercurial new reality.
With Trump’s Tariffs, It’s the Uncertainty That Stings the Most
The new tariffs and constant reversals have knocked global businesses off balance and left them straining to adjust to a mercurial new reality.
News & Analysis
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
The president had paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures.
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
The president had paused the sweeping duties on Canada and Mexico on Feb. 3 for one month after both countries’ leaders announced new border security measures.
Luxury
Trump Tariffs Would Test Luxury’s Pricing Power
Executives at Hermès and Kering said last week they could leverage their brands' cachet to absorb any additional duties.
Trump Tariffs Would Test Luxury’s Pricing Power
Executives at Hermès and Kering said last week they could leverage their brands' cachet to absorb any additional duties.
Retail
A Death Blow for Dupe Culture, Deferred
President Trump’s ruling this week to end the de minimis tax loophole could be a bust for Shein and Temu, but a boon for all the mid-priced brands they’ve ripped off over the years.
A Death Blow for Dupe Culture, Deferred
President Trump’s ruling this week to end the de minimis tax loophole could be a bust for Shein and Temu, but a boon for all the mid-priced brands they’ve ripped off over the years.
Retail
Trump’s Tariffs, Explained in 4 Charts
Uncertainty around the rollout of the tariffs — how long they’ll last and whether more are in the works — complicates the fashion industry’s ability to adjust to the new reality.
Trump’s Tariffs, Explained in 4 Charts
Uncertainty around the rollout of the tariffs — how long they’ll last and whether more are in the works — complicates the fashion industry’s ability to adjust to the new reality.
Global Markets
Will President Trump Redraw Fashion’s Global Sourcing Map?
Manufacturers in Asia, Europe, Latin America and Africa are bracing for new tariffs which could radically shift trade flows as brands in the US move supply chains and deploy complex contingency plans.
Will President Trump Redraw Fashion’s Global Sourcing Map?
Manufacturers in Asia, Europe, Latin America and Africa are bracing for new tariffs which could radically shift trade flows as brands in the US move supply chains and deploy complex contingency plans.
News & Analysis
This Week: Ready or Not, Here Comes President Donald Trump
TikTok, tariffs and immigration are among the issues that could see major action taken in the opening days of Trump’s second term.
This Week: Ready or Not, Here Comes President Donald Trump
TikTok, tariffs and immigration are among the issues that could see major action taken in the opening days of Trump’s second term.
News & Analysis
Trump’s Impact on Fashion Takes Shape
This week, US President-elect Donald Trump singled out Canada, Mexico and China for early action on tariffs, Walmart joined businesses in cutting back DEI programmes, and Black Friday offered a glimpse at how the election is shaping consumer sentiment.
Trump’s Impact on Fashion Takes Shape
This week, US President-elect Donald Trump singled out Canada, Mexico and China for early action on tariffs, Walmart joined businesses in cutting back DEI programmes, and Black Friday offered a glimpse at how the election is shaping consumer sentiment.
Beauty
Trump’s Tariffs: Beauty’s Winners and Losers
President-elect Donald Trump's idea to ratchet up tariffs on foreign-made goods could mean a hit to supply chains, margins and overseas sales for beauty brands like E.l.f. Cosmetics and Jolie.
Trump’s Tariffs: Beauty’s Winners and Losers
President-elect Donald Trump's idea to ratchet up tariffs on foreign-made goods could mean a hit to supply chains, margins and overseas sales for beauty brands like E.l.f. Cosmetics and Jolie.
Global Markets
What Matters Most to World Markets in a Tight US Election Race
With the US presidential election just weeks away, concerns are rising about its potential impact on global financial markets, as a close race between Democratic Vice President Kamala Harris and Republican Donald Trump could lead to significant trade policy shifts affecting sectors from European exports to emerging markets.
What Matters Most to World Markets in a Tight US Election Race
With the US presidential election just weeks away, concerns are rising about its potential impact on global financial markets, as a close race between Democratic Vice President Kamala Harris and Republican Donald Trump could lead to significant trade policy shifts affecting sectors from European exports to emerging markets.
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.