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.
Opinions
Luxury
Opinion: Louis Vuitton’s Recovery May Not Herald a Bling Boom
The biggest factor that will determine whether the luxury revival is sustainable is China, Andrea Felsted writes.
Opinion: Louis Vuitton’s Recovery May Not Herald a Bling Boom
The biggest factor that will determine whether the luxury revival is sustainable is China, Andrea Felsted writes.
Sustainability
Opinion: There’s No Secret to Freeing Luxury’s Supply Chains From Scandal
Effective strategies for responsible business already exist. The real opportunity for big brands now is to lead by putting them into practice, writes Caterina Occhio.
Opinion: There’s No Secret to Freeing Luxury’s Supply Chains From Scandal
Effective strategies for responsible business already exist. The real opportunity for big brands now is to lead by putting them into practice, writes Caterina Occhio.
Luxury
Tough Choices for Armani’s Heirs
The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.
Tough Choices for Armani’s Heirs
The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.
Luxury
Opinion: How Red Carpet Teasers Damage Designer Debuts
When exposure-hungry fashion labels present garments out of context, to be devoured and judged with the speed and superficiality of social media, they destroy the very grammar of brand storytelling, writes Simone Cotellessa.
Opinion: How Red Carpet Teasers Damage Designer Debuts
When exposure-hungry fashion labels present garments out of context, to be devoured and judged with the speed and superficiality of social media, they destroy the very grammar of brand storytelling, writes Simone Cotellessa.
Luxury
Opinion: Undoing Kering Property Bets May Dent Foundations
A fire sale could erode value further, Yawen Chen writes.
Opinion: Undoing Kering Property Bets May Dent Foundations
A fire sale could erode value further, Yawen Chen writes.
Luxury
Opinion: Home Is the New Fashion
Interiors now signal social status like clothes and accessories, but when your sofa is as recognisable as an ‘it’ bag, there’s potential for risk as well as reward, writes Martina Mondadori.
Opinion: Home Is the New Fashion
Interiors now signal social status like clothes and accessories, but when your sofa is as recognisable as an ‘it’ bag, there’s potential for risk as well as reward, writes Martina Mondadori.
Luxury
Opinion: The Big Luxury Simulation Is Over
Consumers appear to be calling time on an industry that long ago stopped selling real luxury goods, writes Eugene Rabkin.
Opinion: The Big Luxury Simulation Is Over
Consumers appear to be calling time on an industry that long ago stopped selling real luxury goods, writes Eugene Rabkin.
Retail
Opinion | Amazon Prime Day Is Past Its Prime
That the discount extravaganza wasn’t the disaster some had feared is a relief. But there were signs that neither Amazon — nor observers of consumer spending — should take too much comfort, writes Andrea Felsted.
Opinion | Amazon Prime Day Is Past Its Prime
That the discount extravaganza wasn’t the disaster some had feared is a relief. But there were signs that neither Amazon — nor observers of consumer spending — should take too much comfort, writes Andrea Felsted.
Luxury
Fashion’s Creative Revival Is Finally Here
Michael Rider’s debut at Celine, Glenn Martens’ first Margiela couture show and Jonathan Anderson’s reinvention of his own brand were among the signs in Paris that luxury is ready to open a new creative chapter, writes Imran Amed.
Fashion’s Creative Revival Is Finally Here
Michael Rider’s debut at Celine, Glenn Martens’ first Margiela couture show and Jonathan Anderson’s reinvention of his own brand were among the signs in Paris that luxury is ready to open a new creative chapter, writes Imran Amed.
Sports
Opinion: Luxury Brands Have Tennis Fever
High-end labels are piling into tennis, but the women’s tour remains an untapped opportunity, writes Daniel-Yaw Miller.
Opinion: Luxury Brands Have Tennis Fever
High-end labels are piling into tennis, but the women’s tour remains an untapped opportunity, writes Daniel-Yaw Miller.
Luxury
Anderson Apotheosis: JW Remodels His Own Brand
Days after his debut for Dior, the designer speaks exclusively to Tim Blanks about rebooting the JW Anderson label with a supremely idiosyncratic cabinet of curiosities, from coffee cups to garden tools to diamonds.
Anderson Apotheosis: JW Remodels His Own Brand
Days after his debut for Dior, the designer speaks exclusively to Tim Blanks about rebooting the JW Anderson label with a supremely idiosyncratic cabinet of curiosities, from coffee cups to garden tools to diamonds.
Luxury
Why Blum’s Closure Is Shaking the Art World
Major gallerist Tim Blum’s decision to exit the business will shake the art sector, writes Marc Spiegler.
Why Blum’s Closure Is Shaking the Art World
Major gallerist Tim Blum’s decision to exit the business will shake the art sector, writes Marc Spiegler.
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.