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.
tax
Financial Markets
Ferragamo Undeterred by US Import Tax Proposal
Ferragamo chief executive Eraldo Poletti said any tax on imports, as floated by President Donald Trump, could be balanced by other factors, including currency fluctuations.
Ferragamo Undeterred by US Import Tax Proposal
Ferragamo chief executive Eraldo Poletti said any tax on imports, as floated by President Donald Trump, could be balanced by other factors, including currency fluctuations.
Financial Markets
Amazon to Start Collecting State Sales Tax in Oklahoma
The e-commerce giant has been slow in collecting sales taxes in small and sparsely populated states where it doesn't have any distribution centers or corporate offices.
Amazon to Start Collecting State Sales Tax in Oklahoma
The e-commerce giant has been slow in collecting sales taxes in small and sparsely populated states where it doesn't have any distribution centers or corporate offices.
Retail
In US, Retailers Up Fight Against Republican Tax Proposal
More than 100 companies including LVMH, Nike and Target, as well as the National Retail Federation, are launching a new coalition to fight a Republican Party proposal on how imports to the US get taxed.
In US, Retailers Up Fight Against Republican Tax Proposal
More than 100 companies including LVMH, Nike and Target, as well as the National Retail Federation, are launching a new coalition to fight a Republican Party proposal on how imports to the US get taxed.
Financial Markets
Amazon to Begin Collecting Sales Taxes in South Dakota
The news follows recent moves by Amazon in Utah, Iowa and Nebraska as more states push to collect taxes on Internet purchases.
Amazon to Begin Collecting Sales Taxes in South Dakota
The news follows recent moves by Amazon in Utah, Iowa and Nebraska as more states push to collect taxes on Internet purchases.
China
The China Edit | China-America Trade War, Rooster Craze Annoys Shoppers
A trade war with China may yield dangerous consequences for American brands, while fashion houses appear to fall out of touch with Chinese consumers.
The China Edit | China-America Trade War, Rooster Craze Annoys Shoppers
A trade war with China may yield dangerous consequences for American brands, while fashion houses appear to fall out of touch with Chinese consumers.
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.