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
News & Analysis
Op-Ed | How to Sustain Luxury Sales in the Case of Rising Protectionist Policies
In times of turbulence, brands should offer nervous consumers novelty and value for money to overcome nationalist and protectionist policies, argues Mario Ortelli.
Op-Ed | How to Sustain Luxury Sales in the Case of Rising Protectionist Policies
In times of turbulence, brands should offer nervous consumers novelty and value for money to overcome nationalist and protectionist policies, argues Mario Ortelli.
News & Analysis
What Might a Trade War Between America and China Look Like?
"Punitive American tariffs on China would leave everybody worse off."
What Might a Trade War Between America and China Look Like?
"Punitive American tariffs on China would leave everybody worse off."
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.
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.
Luxury
Can Raf Go Mass?
This week, the fashion world caught its first glimpse of Raf Simons’ vision for Calvin Klein, raising questions about whether the designer can balance his personal aesthetic with the needs of the multi-tiered, multi-billion-dollar brand.
Can Raf Go Mass?
This week, the fashion world caught its first glimpse of Raf Simons’ vision for Calvin Klein, raising questions about whether the designer can balance his personal aesthetic with the needs of the multi-tiered, multi-billion-dollar brand.
News & Analysis
Fashion Must Defend Globalisation
Both Brexit and Trump are a clear and present danger to the highly globalised fashion industry.
Fashion Must Defend Globalisation
Both Brexit and Trump are a clear and present danger to the highly globalised fashion industry.
Technology
Alibaba’s Jack Ma Meets With Trump in Pledge to Create New Jobs
Ma and Trump discussed plans to create 1 million new jobs in the US by helping small businesses sell goods to China.
Alibaba’s Jack Ma Meets With Trump in Pledge to Create New Jobs
Ma and Trump discussed plans to create 1 million new jobs in the US by helping small businesses sell goods to China.
Luxury
Luxury Goods Feature in UK Accord for South Korea Trade Talks
A formal working group of ministers from the two countries will meet as many as four times a year.
Luxury Goods Feature in UK Accord for South Korea Trade Talks
A formal working group of ministers from the two countries will meet as many as four times a year.
News & Analysis
How Trump-Era Trade Policy Threatens to Send Up Prices You See on Store Shelves
"Few industries are likely to feel the jolt more acutely than retail, which sells you smartphones made in China, sneakers made in Vietnam and
How Trump-Era Trade Policy Threatens to Send Up Prices You See on Store Shelves
"Few industries are likely to feel the jolt more acutely than retail, which sells you smartphones made in China, sneakers made in Vietnam and
News & Analysis
Fashion World Faces New Normal
How will the rise of extremism, populism and protectionism impact the fashion industry and wider business world?
Fashion World Faces New Normal
How will the rise of extremism, populism and protectionism impact the fashion industry and wider business world?
Sustainability
Fashion Brands Ignore 'Endemic' Abuse of Syrian Refugees In Turkey: Watchdog
Child labour, pitiful pay and dangerous conditions are among the risks facing undocumented Syrian refugees working in Turkey's garment industry, according to the Business and Human Rights Resource Centre.
Fashion Brands Ignore 'Endemic' Abuse of Syrian Refugees In Turkey: Watchdog
Child labour, pitiful pay and dangerous conditions are among the risks facing undocumented Syrian refugees working in Turkey's garment industry, according to the Business and Human Rights Resource Centre.
China
Alibaba’s Tsai Says Yahoo Stake Rightly Discounted on US Tax
Yahoo's stake in Alibaba Group rightly trades at a discount, according to the Chinese e-commerce giant’s vice chairman, Joseph Tsai, because selling it would trigger a big US tax bill.
Alibaba’s Tsai Says Yahoo Stake Rightly Discounted on US Tax
Yahoo's stake in Alibaba Group rightly trades at a discount, according to the Chinese e-commerce giant’s vice chairman, Joseph Tsai, because selling it would trigger a big US tax bill.
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.