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
How Small Brands Are Handling the End of De Minimis
For a number of independent brands, the end of US’ de minimis exemption is the latest complication that required sharpening operations and making tough choices about where to invest.
How Small Brands Are Handling the End of De Minimis
For a number of independent brands, the end of US’ de minimis exemption is the latest complication that required sharpening operations and making tough choices about where to invest.
Luxury
Opinion: Rolex Prices Ride High on Tariffs, Gold
The US secondary watch market is stabilising, with prices likely to keep rising for top brands like Rolex and Patek Philippe, Andrea Felsted writes.
Opinion: Rolex Prices Ride High on Tariffs, Gold
The US secondary watch market is stabilising, with prices likely to keep rising for top brands like Rolex and Patek Philippe, Andrea Felsted writes.
Global Markets
Will Fashion Brands Strike Gold This Diwali?
Global brands are betting that glittering campaigns and festive designs will tempt Indian shoppers to look past economic headwinds and splurge during a key spending period in the retail calendar.
Will Fashion Brands Strike Gold This Diwali?
Global brands are betting that glittering campaigns and festive designs will tempt Indian shoppers to look past economic headwinds and splurge during a key spending period in the retail calendar.
Global Markets
Worldview | A Mix of Traditional and Modern Designs Dominate Lakme Fashion Week
This week’s round-up of global markets fashion business news also features China’s Shan Future Forum and Saudi Arabia’s new development in Diriyah Square.
Worldview | A Mix of Traditional and Modern Designs Dominate Lakme Fashion Week
This week’s round-up of global markets fashion business news also features China’s Shan Future Forum and Saudi Arabia’s new development in Diriyah Square.
Retail
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Markets recoiled at the president’s comments, with the Nasdaq 100 down as much as 2.4 percent.
Trump Threatens China Tariffs, Sees ‘No Reason’ to Meet Xi
Markets recoiled at the president’s comments, with the Nasdaq 100 down as much as 2.4 percent.
Global Markets
Worldview | Haiti’s Garment Industry in Jeopardy Over US Inaction
This week’s round-up of global markets fashion business news also features Chinese textile exports, Kenyan manufacturers and Saudi Arabia’s luxury watch market.
Worldview | Haiti’s Garment Industry in Jeopardy Over US Inaction
This week’s round-up of global markets fashion business news also features Chinese textile exports, Kenyan manufacturers and Saudi Arabia’s luxury watch market.
Global Markets
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Factories that invested in anticipation of a boom in orders are saddled with debt and unsold inventory.
Trump’s 50% Tariff Sows Fear Inside Indian Apparel Hub
Factories that invested in anticipation of a boom in orders are saddled with debt and unsold inventory.
Luxury
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Global Markets
Worldview | Indian Garment Exporters Move Production to East Africa
This week’s round-up of global markets fashion business news also features Mexico’s warning to Mercado Libre, Vogue Brazil and Schwarzkopf’s misstep in China.
Worldview | Indian Garment Exporters Move Production to East Africa
This week’s round-up of global markets fashion business news also features Mexico’s warning to Mercado Libre, Vogue Brazil and Schwarzkopf’s misstep in China.
Retail
From Skechers to Foot Locker: Tariff Chaos Spurs Record-High Footwear, Apparel Deals
Some companies are merging to help offset tariff costs while others go private to weather the remaining years of his presidency outside of the public market.
From Skechers to Foot Locker: Tariff Chaos Spurs Record-High Footwear, Apparel Deals
Some companies are merging to help offset tariff costs while others go private to weather the remaining years of his presidency outside of the public market.
Global Markets
Worldview | African Fashion Takes Spotlight at Canex in Algiers
This week’s round-up of global markets fashion business news also features Korean factories in Haiti, Nepal’s retail disruption and Mexico’s stand on Chinese footwear.
Worldview | African Fashion Takes Spotlight at Canex in Algiers
This week’s round-up of global markets fashion business news also features Korean factories in Haiti, Nepal’s retail disruption and Mexico’s stand on Chinese footwear.
Luxury
Smuggling Is the Latest Temptation for Wealthy US Travellers
High tariffs have long tempted affluent travellers to sneak luxury goods, from French gowns to Swiss watches, past customs. Trump’s tariffs could push them to try again.
Smuggling Is the Latest Temptation for Wealthy US Travellers
High tariffs have long tempted affluent travellers to sneak luxury goods, from French gowns to Swiss watches, past customs. Trump’s tariffs could push them to try again.
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.