On May 13, Bloomberg reported that De Beers, the world’s leading luxury diamond supplier, has been secretly selling rough diamonds to a limited group of clients at a 10–20% discount.
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In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
On May 12, U.S. consumer goods giant Church & Dwight announced it had signed a definitive agreement to acquire Touchland, a rapidly growing brand in the hand sanitizer market.
On May 12, the United States and China reached an agreement during a ministerial-level meeting held in Geneva, Switzerland, to temporarily suspend the retaliatory tariffs imposed on each other for a period of 90 days.
Paris-based luxury eyewear brand IRON PARIS has announced a new partnership with the esteemed French maison Maison Bourgeat, renowned for over 140 years of artisanal eyewear production.
On May 6, U.S.-based fashion retailer Revolve Group, Inc. announced its financial results for the first quarter of 2025 (January–March), reporting revenue of $296.7 million, a 10% increase year-over-year.
On May 6, U.S. beauty giant Coty Inc. announced its financial results for the third quarter of fiscal year 2025 (January to March 2025).
On May 5, Skechers USA Inc. announced that it has agreed to be acquired by U.S. investment firm 3G Capital in a deal valued at approximately $9.42 billion.
Vancouver-based fashion brand Aritzia Inc. announced record-breaking financial results for the fiscal year ended March 2, 2025, with annual revenue rising 17.4% year-over-year to CAD 2.74 billion.
On May 2, Vince Holding Corp., the U.S.-based apparel company behind the luxury brand Vince, released its financial results for the fourth quarter and full fiscal year 2024.
French luxury house Chanel has closed its beauty concept store, Atelier Beauté Chanel, located on Wooster Street in New York’s SoHo district.