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 | Fashion Sourcing Countries Hit by Even More Tariff Uncertainty
This week’s round-up of global markets fashion business news also features Japanese resale giant Valuence, Brazilian footwear exports and the disaster facing Lesotho’s denim workers.
Worldview | Fashion Sourcing Countries Hit by Even More Tariff Uncertainty
This week’s round-up of global markets fashion business news also features Japanese resale giant Valuence, Brazilian footwear exports and the disaster facing Lesotho’s denim workers.
Sports
Adidas and Puma Bet on Running Shoes as Tariffs Loom
The German sneaker makers are refocussing on running shoes to drive growth after losing market share in the category to smaller rivals Hoka and On Holding AG.
Adidas and Puma Bet on Running Shoes as Tariffs Loom
The German sneaker makers are refocussing on running shoes to drive growth after losing market share in the category to smaller rivals Hoka and On Holding AG.
Global Markets
Crunch Time for South Asia’s Fashion Manufacturers
Factory owners and garment workers in countries like India, Bangladesh and Sri Lanka are feeling frustrated and nervous as their governments scramble to negotiate trade deals to stave off the highest US tariffs ahead of president Donald Trump’s shifting timeline.
Crunch Time for South Asia’s Fashion Manufacturers
Factory owners and garment workers in countries like India, Bangladesh and Sri Lanka are feeling frustrated and nervous as their governments scramble to negotiate trade deals to stave off the highest US tariffs ahead of president Donald Trump’s shifting timeline.
Retail
Selling to Consumers in Uncertain Times: What Executives Need to Know
At The Business of Fashion’s roundtable in London, executive members and the editorial team explored why shoppers’ behaviour has become more unpredictable, and how brands can adjust.
Selling to Consumers in Uncertain Times: What Executives Need to Know
At The Business of Fashion’s roundtable in London, executive members and the editorial team explored why shoppers’ behaviour has become more unpredictable, and how brands can adjust.
Retail
What Trump’s Latest Tariff Threats Mean for Fashion
US President Donald Trump shifted the deadline for tariffs to go into effect to Aug. 1, and turned up the heat with fresh rates and new threats. In some ways, it’s Liberation Day, part two — but fashion needs certainty more than ever.
What Trump’s Latest Tariff Threats Mean for Fashion
US President Donald Trump shifted the deadline for tariffs to go into effect to Aug. 1, and turned up the heat with fresh rates and new threats. In some ways, it’s Liberation Day, part two — but fashion needs certainty more than ever.
Global Markets
Tariff Turmoil Hits Vulnerable Fashion Manufacturers in Southeast Asia
Looming ‘reciprocal’ US tariffs threaten the profitability of larger suppliers and the viability of smaller ones in countries like Vietnam, Cambodia and Indonesia where some factories already face cancelled orders and worker layoffs.
Tariff Turmoil Hits Vulnerable Fashion Manufacturers in Southeast Asia
Looming ‘reciprocal’ US tariffs threaten the profitability of larger suppliers and the viability of smaller ones in countries like Vietnam, Cambodia and Indonesia where some factories already face cancelled orders and worker layoffs.
Global Markets
Trump to Levy 25% Tariffs on Japan, South Korea in August
The 25 percent rates do not include any sectoral-specific tariffs that the Trump administration would separately implement on goods imported in key industries.
Trump to Levy 25% Tariffs on Japan, South Korea in August
The 25 percent rates do not include any sectoral-specific tariffs that the Trump administration would separately implement on goods imported in key industries.
Luxury
This Week: Paris Couture and Trump’s Tariffs
Both sides of fashion’s value equation will be put to the test in the coming days as couture houses flex their creative muscles and consumer prices hang in the balance pending trade deals between the US and major fashion manufacturing hubs.
This Week: Paris Couture and Trump’s Tariffs
Both sides of fashion’s value equation will be put to the test in the coming days as couture houses flex their creative muscles and consumer prices hang in the balance pending trade deals between the US and major fashion manufacturing hubs.
Retail
For Retailers, US-Vietnam Trade Deal Leaves Questions
New US tariffs on Vietnamese imports create uncertainty for sportswear and clothing retailers like Nike and Adidas.
For Retailers, US-Vietnam Trade Deal Leaves Questions
New US tariffs on Vietnamese imports create uncertainty for sportswear and clothing retailers like Nike and Adidas.
Retail
Trump Announces Vietnam Trade Deal With 20% Import Tariff
President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.
Trump Announces Vietnam Trade Deal With 20% Import Tariff
President Donald Trump said he had reached a trade deal with Vietnam following weeks of intense diplomacy between the nations and ahead of a deadline next week that would have seen higher tariffs imposed on the country’s imports.
Retail
US Prices for China-Made Goods on Amazon Rise Faster Than Inflation, Analysis Shows, as Tariffs Bite
The timing and rate of the price hikes suggest cost shocks are reverberating through the retail supply chain.
US Prices for China-Made Goods on Amazon Rise Faster Than Inflation, Analysis Shows, as Tariffs Bite
The timing and rate of the price hikes suggest cost shocks are reverberating through the retail supply chain.
Beauty
The ‘Silicon Valleys’ of Beauty Brace for Tariffs
From Seoul to Melbourne, new cities are emerging as frontrunners in the beauty start-up space. The independent brands created in these hubs are fast becoming hot acquisition targets, but understanding the limits of their global appeal is key.
The ‘Silicon Valleys’ of Beauty Brace for Tariffs
From Seoul to Melbourne, new cities are emerging as frontrunners in the beauty start-up space. The independent brands created in these hubs are fast becoming hot acquisition targets, but understanding the limits of their global appeal is key.
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.