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
Condé Nast’s Head of Finance and Human Resources To Exit in Leadership Restructure
David Geithner and JoAnn Murray will leave their positions by the end of the year.
Condé Nast’s Head of Finance and Human Resources To Exit in Leadership Restructure
David Geithner and JoAnn Murray will leave their positions by the end of the year.
Retail
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
The Inner Workings of Victoria’s Secret: A Chairman and His Circle
Creative director Ed Razek is exiting Victoria’s Secret as the brand suffers from sinking sales and media reports of past links to sex offender Jeffrey Epstein. But the root of the problem may be the very thing that made the company so successful in the first place: billionaire L Brands chairman Les Wexner’s tight grip on power.
News & Analysis
Arnault Overtakes Gates to Become World’s Second-Richest Person
Bernard Arnault has added $39 billion to his fortune in 2019 alone, the biggest individual gain by far among the 500 people in Bloomberg’s ranking.
Arnault Overtakes Gates to Become World’s Second-Richest Person
Bernard Arnault has added $39 billion to his fortune in 2019 alone, the biggest individual gain by far among the 500 people in Bloomberg’s ranking.
Luxury
Kering Taps Saint Laurent COO to Lead Bottega Veneta
Claus-Dietrich Lahrs is exiting the luxury brand after three years in the chief executive role and less than a year after the arrival of new creative director Daniel Lee.
Kering Taps Saint Laurent COO to Lead Bottega Veneta
Claus-Dietrich Lahrs is exiting the luxury brand after three years in the chief executive role and less than a year after the arrival of new creative director Daniel Lee.
Luxury
Stefan Larsson Named President of PVH Corp.
The former chief executive of Ralph Lauren will start June 3 and oversee Calvin Klein and Tommy Hilfiger.
Stefan Larsson Named President of PVH Corp.
The former chief executive of Ralph Lauren will start June 3 and oversee Calvin Klein and Tommy Hilfiger.
News & Analysis
Sir Philip Green Is No Longer a Billionaire
"The significant drop in the tycoon’s wealth follows last year’s revelations of sexual harassment and bullying allegations made against him."
Sir Philip Green Is No Longer a Billionaire
"The significant drop in the tycoon’s wealth follows last year’s revelations of sexual harassment and bullying allegations made against him."
Luxury
Stefano Pilati’s Next Move
From his new base in Berlin, the former Yves Saint Laurent designer is breaking away from the traditional luxury model and building a fledgling fashion venture rooted in accessible pricing, digital sales and customer feedback. Can it scale?
Stefano Pilati’s Next Move
From his new base in Berlin, the former Yves Saint Laurent designer is breaking away from the traditional luxury model and building a fledgling fashion venture rooted in accessible pricing, digital sales and customer feedback. Can it scale?
Retail
Stefan Larsson in Talks to Be the Next CEO of J.Crew
Should the conversation advance, Larsson, who left Ralph Lauren in 2017 following disagreements with its founder, would be inheriting yet another American brand in desperate need of a turnaround.
Stefan Larsson in Talks to Be the Next CEO of J.Crew
Should the conversation advance, Larsson, who left Ralph Lauren in 2017 following disagreements with its founder, would be inheriting yet another American brand in desperate need of a turnaround.
Luxury
Maureen Chiquet Joins MatchesFashion Board
The former Chanel CEO will bring her experience to the fast-growing luxury e-commerce site, while Autotrader’s Trevor Mather will also join the board.
Maureen Chiquet Joins MatchesFashion Board
The former Chanel CEO will bring her experience to the fast-growing luxury e-commerce site, while Autotrader’s Trevor Mather will also join the board.
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.