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.
leadership
Retail
How Banana Republic Became a Bright Spot in Gap Inc.’s Portfolio
The mall retailer saw sales rise after swapping generic office clothes for a stronger point-of-view inspired by its safari-themed origins. The new look wasn’t for everyone – and that was the point.
How Banana Republic Became a Bright Spot in Gap Inc.’s Portfolio
The mall retailer saw sales rise after swapping generic office clothes for a stronger point-of-view inspired by its safari-themed origins. The new look wasn’t for everyone – and that was the point.
Luxury
BFC Chair Stephanie Phair Steps Down, Having Steered Trade Group Through Brexit and Coronavirus
During her four-and-a-half-year tenure, the Farfetch executive steered London Fashion Week’s organising body through one of the most challenging periods Britain’s fashion industry has ever faced.
BFC Chair Stephanie Phair Steps Down, Having Steered Trade Group Through Brexit and Coronavirus
During her four-and-a-half-year tenure, the Farfetch executive steered London Fashion Week’s organising body through one of the most challenging periods Britain’s fashion industry has ever faced.
Retail
Inside Gap Inc.’s 20-Year Struggle to Revive Its Namesake Brand
Why the retail group appears to be in constant turnaround mode — and the measures it may need to take to change the narrative.
Inside Gap Inc.’s 20-Year Struggle to Revive Its Namesake Brand
Why the retail group appears to be in constant turnaround mode — and the measures it may need to take to change the narrative.
Luxury
Richemont to Sell 47.5% of Yoox Net-a-Porter to Farfetch
The Swiss group will sell an additional 3.2 percent to Symphony Global, leaving YNAP without a controlling shareholder. The deal paves the way for Farfetch to potentially take control of the loss-making e-tailer, the companies said.
Richemont to Sell 47.5% of Yoox Net-a-Porter to Farfetch
The Swiss group will sell an additional 3.2 percent to Symphony Global, leaving YNAP without a controlling shareholder. The deal paves the way for Farfetch to potentially take control of the loss-making e-tailer, the companies said.
Workplace & Talent
Fashion’s In-Demand Jobs
Recruiters say interest in the metaverse is cooling, while brands look for candidates with the real-world expertise to navigate uncertain times including in areas such as supply chain, diversity, ESG compliance and HR.
Fashion’s In-Demand Jobs
Recruiters say interest in the metaverse is cooling, while brands look for candidates with the real-world expertise to navigate uncertain times including in areas such as supply chain, diversity, ESG compliance and HR.
Sustainability
Why Eileen Fisher’s Approach to Sustainable Fashion Works
And how other brands can emulate it.
Why Eileen Fisher’s Approach to Sustainable Fashion Works
And how other brands can emulate it.
Workplace & Talent
What Makes a Great Fashion Office
More and more companies want to see their staff in person again at the office. Creating a work environment that fosters collaboration, offers flexibility and thoughtful perks could convince employees to leave the home office behind.
What Makes a Great Fashion Office
More and more companies want to see their staff in person again at the office. Creating a work environment that fosters collaboration, offers flexibility and thoughtful perks could convince employees to leave the home office behind.
Luxury
Richemont Says Ex-Bulgari CEO Is ‘Inappropriate’ for Board
The group urged shareholders to vote against activist investor Bluebell’s proposal to appoint Francesco Trapani to the board because he is too closely associated with arch-rival LVMH.
Richemont Says Ex-Bulgari CEO Is ‘Inappropriate’ for Board
The group urged shareholders to vote against activist investor Bluebell’s proposal to appoint Francesco Trapani to the board because he is too closely associated with arch-rival LVMH.
Luxury
Rethinking Luxury’s Relationship With Black Consumers
Black Americans have long been avid buyers of high-end goods. Now their expectations are shifting, with important implications for brands.
Rethinking Luxury’s Relationship With Black Consumers
Black Americans have long been avid buyers of high-end goods. Now their expectations are shifting, with important implications for brands.
Workplace & Talent
Is Now the Right Time to Ask for a Raise? It’s Complicated
It’s still an employee’s labour market, but recession fears are adding new challenges to pay negotiations for retail and fashion job candidates looking to increase their salaries.
Is Now the Right Time to Ask for a Raise? It’s Complicated
It’s still an employee’s labour market, but recession fears are adding new challenges to pay negotiations for retail and fashion job candidates looking to increase their salaries.
Workplace & Talent
The BoF Podcast | Ross Bailey on Building a Business From Humble Beginnings
The founder and CEO of retail pop-up marketplace Appear Here shares his entrepreneurial journey and advice for young founders looking to break through.
The BoF Podcast | Ross Bailey on Building a Business From Humble Beginnings
The founder and CEO of retail pop-up marketplace Appear Here shares his entrepreneurial journey and advice for young founders looking to break through.
Retail
Gap Inc. CEO Sonia Syngal to Exit
The mall retailer has also tapped Horacio “Haio” Barbeito as chief executive of its Old Navy brand.
Gap Inc. CEO Sonia Syngal to Exit
The mall retailer has also tapped Horacio “Haio” Barbeito as chief executive of its Old Navy brand.
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.