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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Luxury
How the LVMH & Tiffany Deal Will Reshape Luxury
The agreement, which knocks a modest $400 million off the original $16.2 billion price tag, ends weeks of corporate fighting and puts the French group in a position to be a dominant force in jewellery.
How the LVMH & Tiffany Deal Will Reshape Luxury
The agreement, which knocks a modest $400 million off the original $16.2 billion price tag, ends weeks of corporate fighting and puts the French group in a position to be a dominant force in jewellery.
Luxury
Cushnie Shutters, Citing Covid-19 Economic Challenges
The New York-based womenswear label, led by Carly Cushnie, will close after 12 years in business. While many independent designer labels are struggling right now, few have decided to fully shut down.
Cushnie Shutters, Citing Covid-19 Economic Challenges
The New York-based womenswear label, led by Carly Cushnie, will close after 12 years in business. While many independent designer labels are struggling right now, few have decided to fully shut down.
Retail
US Businesses Splurge on Insurance to Protect Against Post-Election Chaos
Among retailers, high-end brands typically have the greatest risk for protest damage and many are hunting for alternatives after some insurers excluded the coverage.
US Businesses Splurge on Insurance to Protect Against Post-Election Chaos
Among retailers, high-end brands typically have the greatest risk for protest damage and many are hunting for alternatives after some insurers excluded the coverage.
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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.