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
Global Markets
Worldview | Colombia’s Record-Breaking Fashion Event
This week’s round-up of global markets fashion business news also features ultra-fast-fashion brands in Mexico, China’s JD.com and the latest US tariffs on India, Bangladesh and Cambodia.
Worldview | Colombia’s Record-Breaking Fashion Event
This week’s round-up of global markets fashion business news also features ultra-fast-fashion brands in Mexico, China’s JD.com and the latest US tariffs on India, Bangladesh and Cambodia.
Beauty
Shiseido’s Identity Crisis
Japan’s largest beauty conglomerate has had a difficult time adjusting to the shifting cosmetics market, prompting a series of pivots and restructurings. Moving forward may require breaking with past mistakes.
Shiseido’s Identity Crisis
Japan’s largest beauty conglomerate has had a difficult time adjusting to the shifting cosmetics market, prompting a series of pivots and restructurings. Moving forward may require breaking with past mistakes.
Executive Briefings
The Executive Briefing: Luxury’s Deepening Crisis; Dopamine Culture, Explained; Rise of the AI Agents
Luxury fashion’s woes keep piling up, and the effects of the attention economy bears much of the blame. Plus, brands prepare for an onslaught of AI shopping assistants and the fragrance boom rolls on. Read on for your concise breakdown of July’s key developments from executive editor Brian Baskin.
The Executive Briefing: Luxury’s Deepening Crisis; Dopamine Culture, Explained; Rise of the AI Agents
Luxury fashion’s woes keep piling up, and the effects of the attention economy bears much of the blame. Plus, brands prepare for an onslaught of AI shopping assistants and the fragrance boom rolls on. Read on for your concise breakdown of July’s key developments from executive editor Brian Baskin.
Global Markets
China’s Fast-Fashion Capital Slows Down Under Trump’s Trade War
Garment factories in Guangzhou are struggling to manage a tempest of geopolitical and economic headwinds.
China’s Fast-Fashion Capital Slows Down Under Trump’s Trade War
Garment factories in Guangzhou are struggling to manage a tempest of geopolitical and economic headwinds.
Retail
Brands From Adidas to L’Oréal Confront Tariff Pricing Dilemma
From fashion to beauty, consumer goods companies are deploying a range of strategies to blunt the impact of US tariffs.
Brands From Adidas to L’Oréal Confront Tariff Pricing Dilemma
From fashion to beauty, consumer goods companies are deploying a range of strategies to blunt the impact of US tariffs.
Luxury
US Tariffs Will Test Luxury’s Pricing Power
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
US Tariffs Will Test Luxury’s Pricing Power
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
Retail
US and EU Clinch Deal with 15% US Tariff on EU Exports
The duties, set to take effect Aug. 1, will impact major fashion players.
US and EU Clinch Deal with 15% US Tariff on EU Exports
The duties, set to take effect Aug. 1, will impact major fashion players.
Retail
Trump Softens Tone on China to Secure Xi Summit and a Trade Deal
President Donald Trump has dialed down his confrontational tone with China in an effort to secure a trade deal with the world’s second-largest economy.
Trump Softens Tone on China to Secure Xi Summit and a Trade Deal
President Donald Trump has dialed down his confrontational tone with China in an effort to secure a trade deal with the world’s second-largest economy.
Retail
Fashion Braces for Impact As Trump Tariffs Returns | The Debrief
Apparel prices are rising, supply chains are scrambling, and brands are playing defence as a new wave of Trump-era tariffs threatens to shake the global fashion industry. Joan Kennedy and Marc Bain join The Debrief to explain the latest changes.
Fashion Braces for Impact As Trump Tariffs Returns | The Debrief
Apparel prices are rising, supply chains are scrambling, and brands are playing defence as a new wave of Trump-era tariffs threatens to shake the global fashion industry. Joan Kennedy and Marc Bain join The Debrief to explain the latest changes.
Retail
Higher Clothing Prices Are Officially Here
The US Bureau of Labor Statistics’ latest inflation report showed an uptick in apparel prices for the first time since President Donald Trump announced sweeping tariffs two months ago.
Higher Clothing Prices Are Officially Here
The US Bureau of Labor Statistics’ latest inflation report showed an uptick in apparel prices for the first time since President Donald Trump announced sweeping tariffs two months ago.
Global Markets
Trump Says Indonesia Goods to Face 19% Tariff Under New Pact
Indonesia also agreed to purchase $15 billion in US energy, $4.5 billion worth of agricultural products and 50 Boeing Co. jets, “many of them 777’s,” Trump said later on social media.
Trump Says Indonesia Goods to Face 19% Tariff Under New Pact
Indonesia also agreed to purchase $15 billion in US energy, $4.5 billion worth of agricultural products and 50 Boeing Co. jets, “many of them 777’s,” Trump said later on social media.
Retail
Opinion | Amazon Prime Day Is Past Its Prime
That the discount extravaganza wasn’t the disaster some had feared is a relief. But there were signs that neither Amazon — nor observers of consumer spending — should take too much comfort, writes Andrea Felsted.
Opinion | Amazon Prime Day Is Past Its Prime
That the discount extravaganza wasn’t the disaster some had feared is a relief. But there were signs that neither Amazon — nor observers of consumer spending — should take too much comfort, writes Andrea Felsted.
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.