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.
India
Global Markets
The Malls Powering Luxury Sales in India
A handful of malls with prime locations, smart zoning and crowd-pulling anchor brands have emerged as standout properties in the fast-growing Indian market.
The Malls Powering Luxury Sales in India
A handful of malls with prime locations, smart zoning and crowd-pulling anchor brands have emerged as standout properties in the fast-growing Indian market.
Retail
Indian E-Commerce Firm Meesho’s Quarterly Loss Spikes as It Ramps Up Marketing
Meesho has carved out a niche for itself by offering low-priced products without charging sellers a commission.
Indian E-Commerce Firm Meesho’s Quarterly Loss Spikes as It Ramps Up Marketing
Meesho has carved out a niche for itself by offering low-priced products without charging sellers a commission.
Global Markets
India and European Union Sign Free Trade Agreement
The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.
India and European Union Sign Free Trade Agreement
The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.
Beauty
L’Oréal to Invest $383 Million in Indian Tech Hub
French cosmetics giant L’Oréal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million).
L’Oréal to Invest $383 Million in Indian Tech Hub
French cosmetics giant L’Oréal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million).
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Luxury
De Beers Bets on India’s Rich to Boost Natural Diamond Demand
The unit of Anglo American Plc is opening its fifth and largest global ‘Forevermark’ store in Mumbai this week and plans to reach 25 outlets nationwide by the end of 2026.
De Beers Bets on India’s Rich to Boost Natural Diamond Demand
The unit of Anglo American Plc is opening its fifth and largest global ‘Forevermark’ store in Mumbai this week and plans to reach 25 outlets nationwide by the end of 2026.
Retail
Rising Rivalry Slashes $20 Billion Value in Indian Fashion Chain
Trent Ltd. shares sank nearly 40 percent in 2025, marking the retailer’s first annual decline in more than a decade.
Rising Rivalry Slashes $20 Billion Value in Indian Fashion Chain
Trent Ltd. shares sank nearly 40 percent in 2025, marking the retailer’s first annual decline in more than a decade.
Global Markets
Reliance Heads for Worst Day Since 2024 on Indian Retail Sector Worries
The tough retail environment was also reflected in Reliance Industries’ rival Tata Group reporting a double-digit decline in average store space revenue for Tata’s fast-fashion unit Trent Ltd. in the December quarter.
Reliance Heads for Worst Day Since 2024 on Indian Retail Sector Worries
The tough retail environment was also reflected in Reliance Industries’ rival Tata Group reporting a double-digit decline in average store space revenue for Tata’s fast-fashion unit Trent Ltd. in the December quarter.
Sustainability
An Innovative Factory Runs Into Sustainability’s Scalability Problem
Heat pumps similar to those widely used in homes and buildings offer a glimpse of how fashion manufacturers might slash their emissions, if only there were a one-size-fits-all solution.
An Innovative Factory Runs Into Sustainability’s Scalability Problem
Heat pumps similar to those widely used in homes and buildings offer a glimpse of how fashion manufacturers might slash their emissions, if only there were a one-size-fits-all solution.
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Beauty
L’Oréal Paris and Tira Beauty Bring Paris Fashion Week to India
The milestone collaboration spotlights emerging Indian talent and gives Reliance Retail’s Tira a high-profile platform in India’s fast-growing prestige beauty market.
L’Oréal Paris and Tira Beauty Bring Paris Fashion Week to India
The milestone collaboration spotlights emerging Indian talent and gives Reliance Retail’s Tira a high-profile platform in India’s fast-growing prestige beauty market.
Global Markets
India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands
India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.
India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands
India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.
Global Markets
Can India Become the World’s Fashion Factory?
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Can India Become the World’s Fashion Factory?
As US president Donald Trump’s punishing new tariffs come into force, India is working towards becoming an apparel manufacturing powerhouse despite long-standing obstacles.
Global Markets
India’s Garment and Jewellery Sectors Fear for US Orders After Tariff Shock
New US tariffs on Indian imports are expected to significantly impact India’s exporters, potentially leading to job cuts and a shift in orders to other countries like Vietnam.
India’s Garment and Jewellery Sectors Fear for US Orders After Tariff Shock
New US tariffs on Indian imports are expected to significantly impact India’s exporters, potentially leading to job cuts and a shift in orders to other countries like Vietnam.
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.