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
News & Analysis
The State of Fashion: Technology — Download the Special Edition
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
The State of Fashion: Technology — Download the Special Edition
The special edition of The State of Fashion report by The Business of Fashion and McKinsey & Company explores the great tech acceleration gripping the industry. Download the full report to understand the key imperatives that are spurring top brands and retailers to ramp up investments in technologies from AI to blockchain, to both address pain points and boost their competitive edge.
Workplace & Talent
Richard Christiansen on Fantasy, Creativity and Resilience
On this week’s episode of The BoF Podcast, founder of botanical wellness brand Flamingo Estate unpacks his journey from farm to fashion — and back to the farm again.
Richard Christiansen on Fantasy, Creativity and Resilience
On this week’s episode of The BoF Podcast, founder of botanical wellness brand Flamingo Estate unpacks his journey from farm to fashion — and back to the farm again.
Media
Vogue’s Global-Local Balancing Act
Inside Vogue’s strategy for winning over local audiences in Asia after a restructuring that gave Anna Wintour control over global editorial operations.
Vogue’s Global-Local Balancing Act
Inside Vogue’s strategy for winning over local audiences in Asia after a restructuring that gave Anna Wintour control over global editorial operations.
Workplace & Talent
Where Are Fashion’s Black CEOs?
Vanishingly few big, established brands have appointed Black chief executives, even after two years of theoretically addressing racial injustice.
Where Are Fashion’s Black CEOs?
Vanishingly few big, established brands have appointed Black chief executives, even after two years of theoretically addressing racial injustice.
Workplace & Talent
Ralph Lauren, Race and How Fashion Can Embrace Discomfort
The brand’s collaboration with historically-black Morehouse and Spelman colleges was both celebrated and pilloried online. The fate of an ambitious attempt by a mainstream brand to tackle the issues raised in summer 2020 could influence future Black-focused campaigns for years to come.
Ralph Lauren, Race and How Fashion Can Embrace Discomfort
The brand’s collaboration with historically-black Morehouse and Spelman colleges was both celebrated and pilloried online. The fate of an ambitious attempt by a mainstream brand to tackle the issues raised in summer 2020 could influence future Black-focused campaigns for years to come.
Workplace & Talent
Who Makes a Great Fashion CEO?
This week, Versace and Alexander McQueen named new CEOs, following changes at the top of Chanel, Ferragamo and Burberry. In a sector known for favouring seasoned insiders, non-traditional picks with outside perspectives remain rare.
Who Makes a Great Fashion CEO?
This week, Versace and Alexander McQueen named new CEOs, following changes at the top of Chanel, Ferragamo and Burberry. In a sector known for favouring seasoned insiders, non-traditional picks with outside perspectives remain rare.
Workplace & Talent
Fashion Finally Heads Back to the Office
Top executives believe in-person work is necessary for culture building, employee loyalty and creativity — but they’ll need to sell that idea to their workers.
Fashion Finally Heads Back to the Office
Top executives believe in-person work is necessary for culture building, employee loyalty and creativity — but they’ll need to sell that idea to their workers.
Workplace & Talent
Power Moves | Salvatore Ferragamo Names Creative Director, Hodinkee’s New CEO
Maximilian Davis, the buzzy British-West Indian designer will join Marco Gobbeti at the Italian luxury label; Farfetch’s Jeffery Fowler will join the watch company as it expands its e-commerce segment.
Power Moves | Salvatore Ferragamo Names Creative Director, Hodinkee’s New CEO
Maximilian Davis, the buzzy British-West Indian designer will join Marco Gobbeti at the Italian luxury label; Farfetch’s Jeffery Fowler will join the watch company as it expands its e-commerce segment.
Media
The BoF Podcast | Conformity Is the ‘Enemy of Progress, Creativity and Business’
This week on The BoF Podcast, Condé Nast Britain’s chief business officer speaks with purpose and intuition coach Mory Fontanez about leading as an outsider in the modern workplace.
The BoF Podcast | Conformity Is the ‘Enemy of Progress, Creativity and Business’
This week on The BoF Podcast, Condé Nast Britain’s chief business officer speaks with purpose and intuition coach Mory Fontanez about leading as an outsider in the modern workplace.
Retail
Inditex Chairwoman’s First Task: Overseeing Zara Without Russia
Marta Ortega will start her job as chairwoman of Inditex next month with an unenviable task: dealing without Russia, the Zara owner’s second-largest market in terms of stores.
Inditex Chairwoman’s First Task: Overseeing Zara Without Russia
Marta Ortega will start her job as chairwoman of Inditex next month with an unenviable task: dealing without Russia, the Zara owner’s second-largest market in terms of stores.
Workplace & Talent
Hodinkee Hires Farfetch’s Jeffery Fowler as CEO
The executive handoff comes as the online destination for watch superfans looks to expand its e-commerce business, which has surpassed $100 million in annual sales.
Hodinkee Hires Farfetch’s Jeffery Fowler as CEO
The executive handoff comes as the online destination for watch superfans looks to expand its e-commerce business, which has surpassed $100 million in annual sales.
Workplace & Talent
An Executive Coach on Securing a Senior Position in Fashion
Muriel Wilkins, host of the HBR podcast, Coaching Real Leaders, and managing partner of Paravis Partners, shares actionable advice on how to prepare for a leadership position — and what these roles require today.
An Executive Coach on Securing a Senior Position in Fashion
Muriel Wilkins, host of the HBR podcast, Coaching Real Leaders, and managing partner of Paravis Partners, shares actionable advice on how to prepare for a leadership position — and what these roles require today.
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.