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.
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China
The China Edit | Facebook's Chinese Censorship Tool, Livestream Goes Mainstream
Facebook is reported to have developed a censorship tool to help it get into China, a market where it has been blocked, and livestreaming goes mainstream with record levels of engagement.
The China Edit | Facebook's Chinese Censorship Tool, Livestream Goes Mainstream
Facebook is reported to have developed a censorship tool to help it get into China, a market where it has been blocked, and livestreaming goes mainstream with record levels of engagement.
China
The China Edit | Mobile Retail Seen Reaching $1.4 Trillion, Demand for Online Luxury Rental Grows
China's mobile retail spending is expected to grow to $1.4 trillion by 2019 and luxury dress rental services are catching on among fashion-savvy and status-hungry consumers in smaller Chinese cities.
The China Edit | Mobile Retail Seen Reaching $1.4 Trillion, Demand for Online Luxury Rental Grows
China's mobile retail spending is expected to grow to $1.4 trillion by 2019 and luxury dress rental services are catching on among fashion-savvy and status-hungry consumers in smaller Chinese cities.
China
The China Edit | Trump's Impact on Chinese Luxury, How Singles Day Became a Shopping Bonanza
This week, how Alibaba transformed Single's Day into the world's biggest shopping event and what Donald Trump's election means for luxury brands in China.
The China Edit | Trump's Impact on Chinese Luxury, How Singles Day Became a Shopping Bonanza
This week, how Alibaba transformed Single's Day into the world's biggest shopping event and what Donald Trump's election means for luxury brands in China.
China
The China Edit | Hermès Reports China Recovery, Chinese Shoppers' Share of Global Luxury Sales Drops
This week, Hermès joins luxury brands reporting a recovery in China, and Chinese shoppers' share of global luxury purchases drops to 30 percent.
The China Edit | Hermès Reports China Recovery, Chinese Shoppers' Share of Global Luxury Sales Drops
This week, Hermès joins luxury brands reporting a recovery in China, and Chinese shoppers' share of global luxury purchases drops to 30 percent.
China
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
China
The China Edit | Tmall Bets on Fashion Immediacy, China's Indie Fashion Demand
This week, Tmall bets on 'See Now, Buy Now, with a live-streamed fashion show to lure global luxury brands, while China's designers and buyers learn how to deal with booming demand for its indie fashion scene.
The China Edit | Tmall Bets on Fashion Immediacy, China's Indie Fashion Demand
This week, Tmall bets on 'See Now, Buy Now, with a live-streamed fashion show to lure global luxury brands, while China's designers and buyers learn how to deal with booming demand for its indie fashion scene.
China
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
China
The China Edit | Anti-Corruption Backfires, Alibaba to Produce Films
This week, Xi Jinping’s anti-corruption campaign appears to be doing more harm than good and Jack Ma's Alibaba Group's film unit will co-produce and finance films for global and Chinese audiences with Steven Spielberg's Amblin Partners.
The China Edit | Anti-Corruption Backfires, Alibaba to Produce Films
This week, Xi Jinping’s anti-corruption campaign appears to be doing more harm than good and Jack Ma's Alibaba Group's film unit will co-produce and finance films for global and Chinese audiences with Steven Spielberg's Amblin Partners.
China
The China Edit | Golden Week, Shopping with Daigou, Cosmetics Tax Cut
This Golden Week, spending by Chinese tourists could hit $72 billion, and China has cut consumption tax on cosmetics to stir growth.
The China Edit | Golden Week, Shopping with Daigou, Cosmetics Tax Cut
This Golden Week, spending by Chinese tourists could hit $72 billion, and China has cut consumption tax on cosmetics to stir growth.
China
The China Edit | Millennials Redefining Luxury, Condé Nast Center Shanghai
China's millennials are choosing originality over brand names, while Condé Nast aims to offer 'real-world' fashion education at Shanghai center.
The China Edit | Millennials Redefining Luxury, Condé Nast Center Shanghai
China's millennials are choosing originality over brand names, while Condé Nast aims to offer 'real-world' fashion education at Shanghai center.
China
The China Edit | V-Grass's Growth Plan, Coach Exits TMall, Avoiding Europe
This week, V-Grass plans to become the Valentino of the Chinese fashion world, and Chinese tourists are avoiding Europe.
The China Edit | V-Grass's Growth Plan, Coach Exits TMall, Avoiding Europe
This week, V-Grass plans to become the Valentino of the Chinese fashion world, and Chinese tourists are avoiding Europe.
China
The China Edit | Lululemon Warms Up, Hunting for Watch Sales, Macau Openings
This week, Lululemon's events in China have luxury brands worried, and watchmakers are chasing sales in Asia.
The China Edit | Lululemon Warms Up, Hunting for Watch Sales, Macau Openings
This week, Lululemon's events in China have luxury brands worried, and watchmakers are chasing sales in Asia.
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.