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.
trade
Retail
Trump's Tariffs Have Arrived. Here's How to Avoid Losing Your Shirt
Brands and retailers are facing a 25 percent hike in the cost of most Chinese-made apparel and footwear imports as soon as next month. But there are steps they can take to soften the blow.
Trump's Tariffs Have Arrived. Here's How to Avoid Losing Your Shirt
Brands and retailers are facing a 25 percent hike in the cost of most Chinese-made apparel and footwear imports as soon as next month. But there are steps they can take to soften the blow.
Sustainability
European Trade Policy Seen Going Greener After EU Parliament Vote
The rise of the Greens, the effect of a young Swedish climate activist and the entry of French President Emmanuel Macron's party into the European Parliament are likely to result in a more climate-oriented EU trade policy.
European Trade Policy Seen Going Greener After EU Parliament Vote
The rise of the Greens, the effect of a young Swedish climate activist and the entry of French President Emmanuel Macron's party into the European Parliament are likely to result in a more climate-oriented EU trade policy.
Financial Markets
Time for Fashion to Pay Attention to Trump's Trade War
This week, everyone will be talking about escalating tariffs on Chinese-made apparel and footwear, Carine Roitfeld's charity gala at Cannes and department store earnings. Read our BoF Professional Cheat Sheet.
Time for Fashion to Pay Attention to Trump's Trade War
This week, everyone will be talking about escalating tariffs on Chinese-made apparel and footwear, Carine Roitfeld's charity gala at Cannes and department store earnings. Read our BoF Professional Cheat Sheet.
China
China's Retail Sales Growth Falls to 16-Year Low
China is experiencing lagging retail sales and industrial output amid trade tensions with the United States.
China's Retail Sales Growth Falls to 16-Year Low
China is experiencing lagging retail sales and industrial output amid trade tensions with the United States.
China
Ralph Lauren Polo Shirts Could Be Caught in the Trade War
The American brand could see many of its classic apparel items hit by 25 percent tariffs as the US proposes new levies on $300 billion of goods.
Ralph Lauren Polo Shirts Could Be Caught in the Trade War
The American brand could see many of its classic apparel items hit by 25 percent tariffs as the US proposes new levies on $300 billion of goods.
News & Analysis
Retailers, Already Planning for the 2019 Holidays, Expected to Get Whacked by Tariffs
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
Retailers, Already Planning for the 2019 Holidays, Expected to Get Whacked by Tariffs
"The hike will also cost the average American family of four $767, according to a report by the Trade Partnership."
China
China's JD Reports Slowest Revenue Growth On Record in Q1
JD.com is experiencing a period of slow revenue growth as the company undergoes restructuring.
China's JD Reports Slowest Revenue Growth On Record in Q1
JD.com is experiencing a period of slow revenue growth as the company undergoes restructuring.
China
US Escalates Trade War With China Amid Negotiations
President Trump issued orders for the tariff increase, saying China "broke the deal" by reneging on earlier commitments.
US Escalates Trade War With China Amid Negotiations
President Trump issued orders for the tariff increase, saying China "broke the deal" by reneging on earlier commitments.
China
Trump Vows New Tariff Hike on Chinese Goods
President Donald Trump announced on Sunday he would hike US tariffs on $200 billion (£152 billion) worth of Chinese goods this week and target hundreds of billions more soon, marking a major escalation in trade tensions between the world's two largest economies.
Trump Vows New Tariff Hike on Chinese Goods
President Donald Trump announced on Sunday he would hike US tariffs on $200 billion (£152 billion) worth of Chinese goods this week and target hundreds of billions more soon, marking a major escalation in trade tensions between the world's two largest economies.
China
Is Luxury Immune from Europe's Trade Tussle with China?
China has given a lifeline to European luxury brands, but trade tensions are brewing. Read China Decoded to make sense of the market.
Is Luxury Immune from Europe's Trade Tussle with China?
China has given a lifeline to European luxury brands, but trade tensions are brewing. Read China Decoded to make sense of the market.
Global Markets
Trump Plans to End India's Preferential Trade Treatment
The US president intends to end India's preferential trade treatment which, under the GSP program, allows $5.6 billion worth of Indian exports to enter the US duty free.
Trump Plans to End India's Preferential Trade Treatment
The US president intends to end India's preferential trade treatment which, under the GSP program, allows $5.6 billion worth of Indian exports to enter the US duty free.
News & Analysis
At Micam: Nurturing Thought Leadership in Footwear
Europe’s largest footwear trade show is making longterm investments in content programming, covering topics from sneaker culture to experiential retail and digital sustainability — seeking to benefit attendees and the industry at large.
At Micam: Nurturing Thought Leadership in Footwear
Europe’s largest footwear trade show is making longterm investments in content programming, covering topics from sneaker culture to experiential retail and digital sustainability — seeking to benefit attendees and the industry at large.
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.