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
China
Alibaba Stock Rallies on Handsome Profit Beat
Shares went up 6 percent as the e-commerce giant reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and US tariffs.
Alibaba Stock Rallies on Handsome Profit Beat
Shares went up 6 percent as the e-commerce giant reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and US tariffs.
China
Alibaba Shows Signs of Strain as China's Economy Shudders
The e-commerce giant shed about $120 billion of market value through Friday since peaking in June.
Alibaba Shows Signs of Strain as China's Economy Shudders
The e-commerce giant shed about $120 billion of market value through Friday since peaking in June.
Financial Markets
The Year Ahead: Trade Reshaped by Uncertainty
The apparel trade could be reshaped by new barriers, trade tensions and uncertainty. However, there may also be new opportunities from growing South-South trade and the renegotiation of trade agreements.
The Year Ahead: Trade Reshaped by Uncertainty
The apparel trade could be reshaped by new barriers, trade tensions and uncertainty. However, there may also be new opportunities from growing South-South trade and the renegotiation of trade agreements.
Financial Markets
The Year Ahead: Caution as Economic Downturn Looms
A potential turn in the economic cycle is prompting concern among industry executives over prospects for the coming year.
The Year Ahead: Caution as Economic Downturn Looms
A potential turn in the economic cycle is prompting concern among industry executives over prospects for the coming year.
Financial Markets
Nike Shares Rise After Strong Quarterly Results
Shares rose 8 percent on Friday, after solid quarterly results eased concerns about escalating Sino-American trade tensions.
Nike Shares Rise After Strong Quarterly Results
Shares rose 8 percent on Friday, after solid quarterly results eased concerns about escalating Sino-American trade tensions.
China
China Stocks Weaken on Trade Concerns
Chinese stocks weaken amid doubts whether the US and China will come to an agreement in the 90-day trade truce.
China Stocks Weaken on Trade Concerns
Chinese stocks weaken amid doubts whether the US and China will come to an agreement in the 90-day trade truce.
China
China Says US-China Trade Talks Should Be Equal, Mutually Beneficial
Trump and Xi are expected to hold talks at next week's G20 summit as trade ties between the two countries become increasingly fraught.
China Says US-China Trade Talks Should Be Equal, Mutually Beneficial
Trump and Xi are expected to hold talks at next week's G20 summit as trade ties between the two countries become increasingly fraught.
China
Why Chanel Is Raising Prices On Its Most Popular Bags
This week, everyone will be talking about Chanel's global price hike, Tapestry's take on the US-China trade war and Cardi B's collection for Fashion Nova. Read our BoF Professional Cheat Sheet.
Why Chanel Is Raising Prices On Its Most Popular Bags
This week, everyone will be talking about Chanel's global price hike, Tapestry's take on the US-China trade war and Cardi B's collection for Fashion Nova. Read our BoF Professional Cheat Sheet.
Luxury
Report: North Korea Bought $640 Million in Luxury Goods From China in 2017
The imports are in defiance of UN sanctions outlawing such trade over North Korea's nuclear and missile programmes, said a South Korean lawmaker.
Report: North Korea Bought $640 Million in Luxury Goods From China in 2017
The imports are in defiance of UN sanctions outlawing such trade over North Korea's nuclear and missile programmes, said a South Korean lawmaker.
Luxury
Ermenegildo Zegna Chinese Demand Slows Due to Trade War
The luxury suit brand is turning cautious and planning a more conservative budget for investment in China next year.
Ermenegildo Zegna Chinese Demand Slows Due to Trade War
The luxury suit brand is turning cautious and planning a more conservative budget for investment in China next year.
News & Analysis
Gap Might Increase Its Prices Due to Tariffs on Chinese Goods
While most of the apparel company’s products are from Vietnam, about 22 percent still come from China.
Gap Might Increase Its Prices Due to Tariffs on Chinese Goods
While most of the apparel company’s products are from Vietnam, about 22 percent still come from China.
China
Op-Ed | Fashion Isn't Ready for a Trade War
China still accounted for 36.4 percent of global clothing exports in 2017, so US retailers face a dilemma of speed versus higher costs.
Op-Ed | Fashion Isn't Ready for a Trade War
China still accounted for 36.4 percent of global clothing exports in 2017, so US retailers face a dilemma of speed versus higher costs.
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.