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.
travel-retail
News & Analysis
As Trade War Looms, Duty-Free Retailer Dufry Sees Opportunities
The world’s largest duty-free seller would gain amid new tariffs.
As Trade War Looms, Duty-Free Retailer Dufry Sees Opportunities
The world’s largest duty-free seller would gain amid new tariffs.
Beauty
Thai Beauty Brands Tap into Chinese Tourism Boom
Thai beauty companies are capitalising on the flow of Chinese consumers, the country's biggest source of tourists.
Thai Beauty Brands Tap into Chinese Tourism Boom
Thai beauty companies are capitalising on the flow of Chinese consumers, the country's biggest source of tourists.
Retail
LVMH Expands Gourmet Grocer La Grande Epicerie
The new branch comes amid a wave of investment in luxury stores and hotels in the French capital by LVMH and other firms hoping to profit from a recovery in tourist traffic.
LVMH Expands Gourmet Grocer La Grande Epicerie
The new branch comes amid a wave of investment in luxury stores and hotels in the French capital by LVMH and other firms hoping to profit from a recovery in tourist traffic.
Global Markets
Chanel and Gucci Hike Prices as South Korea and China End Dispute
The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.
Chanel and Gucci Hike Prices as South Korea and China End Dispute
The countries have agreed to restore ties after a year-long dispute over the deployment of a US anti-missile system, which has been devastating to some Korean businesses that rely on Chinese consumers.
News & Analysis
Airport Profits: Ready to Depart
"Boring shops, extra security and ride-hailing are hurting airports."
Airport Profits: Ready to Depart
"Boring shops, extra security and ride-hailing are hurting airports."
News & Analysis
Who Really Shops at High-End Airport Stores? A Lot of People, and They Spend Thousands
"Airports are a bright spot in what is otherwise frequently called the retail apocalypse."
Who Really Shops at High-End Airport Stores? A Lot of People, and They Spend Thousands
"Airports are a bright spot in what is otherwise frequently called the retail apocalypse."
Luxury
Richemont Buys 5 Percent Stake in Duty-Free Retailer Dufry
The Swiss luxury goods giant has disclosed it has a 5 percent stake in one of the world's largest duty-free retailers Dufry, following in the footsteps of its luxury peer LVMH in investing in travel retail.
Richemont Buys 5 Percent Stake in Duty-Free Retailer Dufry
The Swiss luxury goods giant has disclosed it has a 5 percent stake in one of the world's largest duty-free retailers Dufry, following in the footsteps of its luxury peer LVMH in investing in travel retail.
China
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
The China Edit | Chinese Tourist Spending Falls, Alibaba Hits Australia
This week, why the average Chinese tourist is spending less abroad, while the Alibaba Group expands into Australia and New Zealand.
China
Chinese New Year Shoppers Expand Their Horizons
As more countries lift visa restrictions, increasingly adventurous Chinese travellers are turning their gaze to off-the-radar destinations like Morocco, Peru and Tonga.
Chinese New Year Shoppers Expand Their Horizons
As more countries lift visa restrictions, increasingly adventurous Chinese travellers are turning their gaze to off-the-radar destinations like Morocco, Peru and Tonga.
China
The China Edit | China's New Couture, Alibaba CEO Says Trade War Unlikely
This week, new Chinese couturiers make their debut in Paris, and Alibaba's Jack Ma says the possibility of a trade war are slim.
The China Edit | China's New Couture, Alibaba CEO Says Trade War Unlikely
This week, new Chinese couturiers make their debut in Paris, and Alibaba's Jack Ma says the possibility of a trade war are slim.
Luxury
Brexit Effect Drives Tourist Spending in the UK
The sharp decline in the British pound has sparked an influx of Asian and American tourists looking for cheaper luxury goods.
Brexit Effect Drives Tourist Spending in the UK
The sharp decline in the British pound has sparked an influx of Asian and American tourists looking for cheaper luxury goods.
China
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
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.