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.
luxury / E-Commerce
Partner Content
Inside Amazon’s Strategic Expansion Into Luxury Fashion and Beauty
Jenny Freshwater, vice president of fashion and fitness at Amazon, discusses the company’s strategic offering for luxury businesses and how it collaborates with brands to strengthen their broader retail strategies and presence in its stores.
Inside Amazon’s Strategic Expansion Into Luxury Fashion and Beauty
Jenny Freshwater, vice president of fashion and fitness at Amazon, discusses the company’s strategic offering for luxury businesses and how it collaborates with brands to strengthen their broader retail strategies and presence in its stores.
Luxury
E-Tailer Oushq Relaunches in Partnership with the CFDA
The multi-brand e-commerce platform founded by ‘Real Housewives of New York City’ star Jessel Taank is pivoting from traditional South Asian couture to focus on casual, contemporary offerings by South Asian and Middle Eastern designers.
E-Tailer Oushq Relaunches in Partnership with the CFDA
The multi-brand e-commerce platform founded by ‘Real Housewives of New York City’ star Jessel Taank is pivoting from traditional South Asian couture to focus on casual, contemporary offerings by South Asian and Middle Eastern designers.
Luxury
Ssense Lenders Seek Fast Sale of Struggling Fashion Retailer
The e-tailer’s mix of commerce and culture attracted private investment in 2021 that valued the company at more than 5 billion Canadian dollars. Now, the enterprise is threatened by debt and mistrust.
Ssense Lenders Seek Fast Sale of Struggling Fashion Retailer
The e-tailer’s mix of commerce and culture attracted private investment in 2021 that valued the company at more than 5 billion Canadian dollars. Now, the enterprise is threatened by debt and mistrust.
Luxury
Ssense to File for Bankruptcy Protection After Creditors Push for Sale
BoF has learned that the Montreal-based e-commerce retailer told employees it is filing for the Canadian equivalent of bankruptcy protection to ward off a forced sale by lenders.
Ssense to File for Bankruptcy Protection After Creditors Push for Sale
BoF has learned that the Montreal-based e-commerce retailer told employees it is filing for the Canadian equivalent of bankruptcy protection to ward off a forced sale by lenders.
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Luxury
Social Media Created Dupe Culture. Can It Also Reverse the Damage?
Marcelo Gaia, the owner and creative director of New York-based brand Mirror Palais, frequently publishes candid, casual videos to call out fast-fashion imitations.
Social Media Created Dupe Culture. Can It Also Reverse the Damage?
Marcelo Gaia, the owner and creative director of New York-based brand Mirror Palais, frequently publishes candid, casual videos to call out fast-fashion imitations.
Luxury
Mytheresa Reports Slower Sales Growth
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
Mytheresa Reports Slower Sales Growth
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
Luxury
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
More fake goods are making their way onto luxury e-commerce sites amid a rise in returns fraud. Rather than building an expensive authentication system, retailers are finding alternative measures to identify shady customers and maintain consumer trust.
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
More fake goods are making their way onto luxury e-commerce sites amid a rise in returns fraud. Rather than building an expensive authentication system, retailers are finding alternative measures to identify shady customers and maintain consumer trust.
Luxury
Inside Coupang’s Tug of War With Farfetch
A year into its ownership of the embattled luxury e-tailer, the South Korean e-commerce giant is whipping Farfetch into shape, reaching near breakeven in its latest quarter. But company insiders say Coupang has gone from cutting fat to cutting muscle, stripping Farfetch of its ability to compete for the attention and dollars of key ultra-wealthy shoppers who account for 30 percent of its annual sales.
Inside Coupang’s Tug of War With Farfetch
A year into its ownership of the embattled luxury e-tailer, the South Korean e-commerce giant is whipping Farfetch into shape, reaching near breakeven in its latest quarter. But company insiders say Coupang has gone from cutting fat to cutting muscle, stripping Farfetch of its ability to compete for the attention and dollars of key ultra-wealthy shoppers who account for 30 percent of its annual sales.
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Luxury
Resale Prices Are All Over the Place. Here’s Why That’s a Problem.
In a fragmented market, resale prices are more scattergun than ever. This leads to confused buyers, disillusioned sellers and market stagnation.
Resale Prices Are All Over the Place. Here’s Why That’s a Problem.
In a fragmented market, resale prices are more scattergun than ever. This leads to confused buyers, disillusioned sellers and market stagnation.
Luxury
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando
The iconic American dress brand is trading traditional wholesale for exclusive deals with regional giants as part of its revamp strategy. ‘I had to take back control of business, but do it in an unconventional way,’ von Furstenberg said.
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando
The iconic American dress brand is trading traditional wholesale for exclusive deals with regional giants as part of its revamp strategy. ‘I had to take back control of business, but do it in an unconventional way,’ von Furstenberg said.
Luxury
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
Luxury
The Best of BoF 2024: Designer Reboots and a Rocky Market
The luxury industry was under pressure in 2024 as customers pulled back on high-end purchases. Brands from Chanel to Valentino to Fendi changed their creative lineups, hoping to jump-start demand. But the struggles at Gucci and Burberry show how tricky executing a designer relaunch can be.
The Best of BoF 2024: Designer Reboots and a Rocky Market
The luxury industry was under pressure in 2024 as customers pulled back on high-end purchases. Brands from Chanel to Valentino to Fendi changed their creative lineups, hoping to jump-start demand. But the struggles at Gucci and Burberry show how tricky executing a designer relaunch can be.
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.