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
China
The China Edit | Hong Kong, Apple Watch, Amazon, House of Fraser
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Hong Kong, Apple Watch, Amazon, House of Fraser
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Financial Markets
LVMH Earnings Miss Estimates as Chinese Spend Less on Luxury
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.
LVMH Earnings Miss Estimates as Chinese Spend Less on Luxury
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.
China
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Luxury Brands Gear Up for Chinese New Year Spend Abroad
From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year "hongbao" gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad.
Luxury Brands Gear Up for Chinese New Year Spend Abroad
From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year "hongbao" gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad.
News & Analysis
DFS to Open T Galleria Store near Angkor Wat
Today, BoF can exclusively reveal that luxury travel retail company DFS is set to open an 8,000-square-metre retail complex near the world heritage site of Angkor Wat in Cambodia in 2016.
DFS to Open T Galleria Store near Angkor Wat
Today, BoF can exclusively reveal that luxury travel retail company DFS is set to open an 8,000-square-metre retail complex near the world heritage site of Angkor Wat in Cambodia in 2016.
China
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
Marketing
South Korea Powers Up Duty-Free Sales as China Tourism Magnet
SEOUL, Korea — Already the world's biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops,
South Korea Powers Up Duty-Free Sales as China Tourism Magnet
SEOUL, Korea — Already the world's biggest duty-free market, South Korea said on Wednesday it will issue more licenses for downtown duty-free shops,
Retail
Berlin Super-Mall Targets Rising Tourist Trade
BERLIN, Germany — Berlin, Europe's fastest-growing tourist destination, is taking a page from Dubai as it expands retail for the hordes of visitors.
Berlin Super-Mall Targets Rising Tourist Trade
BERLIN, Germany — Berlin, Europe's fastest-growing tourist destination, is taking a page from Dubai as it expands retail for the hordes of visitors.
China
The China Edit | Discount Goods, Travel Retail Down, Daigou Crackdown
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Discount Goods, Travel Retail Down, Daigou Crackdown
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China
The China Edit | Alibaba's Catch-22, Gritty Paris Repels Tourists, Gold Down
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Alibaba's Catch-22, Gritty Paris Repels Tourists, Gold Down
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
Tapping Travellers Beyond Traditional Corridors
With travel retail set to continue double-digit percentage growth, fuelled predominantly by Asians, the sector is increasingly targeting travellers beyond traditional travel corridors.
Tapping Travellers Beyond Traditional Corridors
With travel retail set to continue double-digit percentage growth, fuelled predominantly by Asians, the sector is increasingly targeting travellers beyond traditional travel corridors.
China
The China Edit | Scottish Textiles, Mainland Malls Rethink, Global Retailers Miss Store Targets, Travellers
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Scottish Textiles, Mainland Malls Rethink, Global Retailers Miss Store Targets, Travellers
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
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.