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.
Australia
Global Markets
Inside Australia’s Fashion Brain Drain
The country’s manufacturing capacity is fast disappearing, with only 3 percent of all garments sold in Australia made onshore.
Inside Australia’s Fashion Brain Drain
The country’s manufacturing capacity is fast disappearing, with only 3 percent of all garments sold in Australia made onshore.
Global Markets
Luxury’s New Australian Boomtown: Brisbane
With tourism thriving, millionaire numbers climbing and the Olympics on the horizon, brands are turning their attention to the Queensland capital as major retail developments get underway.
Luxury’s New Australian Boomtown: Brisbane
With tourism thriving, millionaire numbers climbing and the Olympics on the horizon, brands are turning their attention to the Queensland capital as major retail developments get underway.
Luxury
Vivienne Westwood and Rei Kawakubo Paired for Blockbuster Exhibition
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
Vivienne Westwood and Rei Kawakubo Paired for Blockbuster Exhibition
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
Global Markets
‘A True Trailblazer’: Designer Perri Cutten Remembered for Her Enduring Mark on Australian Fashion
Cutten launched her eponymous label in 1981, representing ‘ambition and success’, and remains one of David Jones’s most beloved brands today.
‘A True Trailblazer’: Designer Perri Cutten Remembered for Her Enduring Mark on Australian Fashion
Cutten launched her eponymous label in 1981, representing ‘ambition and success’, and remains one of David Jones’s most beloved brands today.
ADVERTISEMENT
Global Markets
Meet Australia’s ‘Fashion Billionaires’
The fashion business has contributed to the fortunes of many of the nation’s wealthiest moguls, merchants and investors, including a few who are more famous for their mining and property portfolios.
Meet Australia’s ‘Fashion Billionaires’
The fashion business has contributed to the fortunes of many of the nation’s wealthiest moguls, merchants and investors, including a few who are more famous for their mining and property portfolios.
Beauty
Conservation Experts Sound the Alarm Over Australian Sandalwood
Used in countless luxury fragrances, sandalwood is a coveted ingredient for beauty companies, but researchers worry the native tree population in Australia is on the brink of extinction.
Conservation Experts Sound the Alarm Over Australian Sandalwood
Used in countless luxury fragrances, sandalwood is a coveted ingredient for beauty companies, but researchers worry the native tree population in Australia is on the brink of extinction.
Global Markets
Luxury Brands Flock to the ‘Most Remote City in the World’
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
Luxury Brands Flock to the ‘Most Remote City in the World’
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
Global Markets
How Mecca Dominates the Australian Beauty Market
The Melbourne-based multi-brand retailer has kept both local and international competitors at bay with a regional store footprint four times larger than Sephora’s.
How Mecca Dominates the Australian Beauty Market
The Melbourne-based multi-brand retailer has kept both local and international competitors at bay with a regional store footprint four times larger than Sephora’s.
ADVERTISEMENT
Global Markets
Australia’s ‘Quiet Giants’ Go Global
Accessible luxury and advanced contemporary brands in the US and Europe can expect greater competition from Australian labels expanding overseas like Camilla, Aje and Rebecca Vallance.
Australia’s ‘Quiet Giants’ Go Global
Accessible luxury and advanced contemporary brands in the US and Europe can expect greater competition from Australian labels expanding overseas like Camilla, Aje and Rebecca Vallance.
Global Markets
How Much Will Luxury Benefit From Australia’s Reopening?
Wealthy tourists are key to the recovery of the Australian luxury market but analysts predict that the sector won’t return to pre-pandemic levels until next year.
How Much Will Luxury Benefit From Australia’s Reopening?
Wealthy tourists are key to the recovery of the Australian luxury market but analysts predict that the sector won’t return to pre-pandemic levels until next year.
Retail
Djokovic Sponsor Lacoste to Contact Tennis Star to Review Events in Australia
“As soon as possible, we will be in touch with Novak Djokovic to review the events that have accompanied his presence in Australia,” Lacoste said in an emailed statement.
Djokovic Sponsor Lacoste to Contact Tennis Star to Review Events in Australia
“As soon as possible, we will be in touch with Novak Djokovic to review the events that have accompanied his presence in Australia,” Lacoste said in an emailed statement.
Global Markets
Fragrance Industry Wakes up to Australian Botanicals
Entrepreneurs are using exotic botanicals from Australia to create unique scents that attract the attention of global retailers and perfume giants like Guerlain, LVMH and Estée Lauder.
Fragrance Industry Wakes up to Australian Botanicals
Entrepreneurs are using exotic botanicals from Australia to create unique scents that attract the attention of global retailers and perfume giants like Guerlain, LVMH and Estée Lauder.
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.