US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
jewellery
Financial Markets
A New Wave of Fashion IPOs
This week, everyone will be talking about the Mytheresa, Poshmark and ThredUp IPOs, the Alexander Wang sexual assault allegations, the start of the post-Brexit era and LVMH’s plans for Tiffany & Co. Get your BoF Professional Cheat Sheet.
A New Wave of Fashion IPOs
This week, everyone will be talking about the Mytheresa, Poshmark and ThredUp IPOs, the Alexander Wang sexual assault allegations, the start of the post-Brexit era and LVMH’s plans for Tiffany & Co. Get your BoF Professional Cheat Sheet.
Luxury
De Beers Raises Diamond Prices for First Time Since Pandemic
Prices increased by 2 percent to 3 percent at the diamond giant’s final sale of the year.
De Beers Raises Diamond Prices for First Time Since Pandemic
Prices increased by 2 percent to 3 percent at the diamond giant’s final sale of the year.
Retail
Pandora's Turnaround Leaves Short Sellers Burned
The jewellery brand, once notorious for regularly falling short of profit guidances, is now one of the Nordic region’s biggest corporate success stories.
Pandora's Turnaround Leaves Short Sellers Burned
The jewellery brand, once notorious for regularly falling short of profit guidances, is now one of the Nordic region’s biggest corporate success stories.
News & Analysis
How Is Fashion Voting in the US Election?
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
How Is Fashion Voting in the US Election?
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
Luxury
Swarovski Shareholders Approve 6,000 Job Cuts
Chief Executive Robert Buchbauer plans to shrink the lower-margin mass-market business and focus on more expensive jewellery.
Swarovski Shareholders Approve 6,000 Job Cuts
Chief Executive Robert Buchbauer plans to shrink the lower-margin mass-market business and focus on more expensive jewellery.
Luxury
Bulgari to Focus on Local Customers as Covid Wipes Out Tourism
The LVMH-owned jeweller is especially focusing on China, where domestic consumers are seeking retail therapy as the pandemic continues to curb international travel.
Bulgari to Focus on Local Customers as Covid Wipes Out Tourism
The LVMH-owned jeweller is especially focusing on China, where domestic consumers are seeking retail therapy as the pandemic continues to curb international travel.
Luxury
LVMH Asks to Delay Tiffany Trial By at Least Six Months
The luxury conglomerate was sued last week for calling off its $16.2 billion acquisition of the American jeweller.
LVMH Asks to Delay Tiffany Trial By at Least Six Months
The luxury conglomerate was sued last week for calling off its $16.2 billion acquisition of the American jeweller.
Luxury
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Luxury
LVMH and Tiffany Push Back Deal Deadline
The French luxury goods giant and US jewellery chain will give themselves another three months to complete their $16.2 billion tie-up.
LVMH and Tiffany Push Back Deal Deadline
The French luxury goods giant and US jewellery chain will give themselves another three months to complete their $16.2 billion tie-up.
China
If You Aren’t Already Selling Jewellery in China, Now Is the Time
China was driving the global jewellery market long before the pandemic. Now the clock is ticking for smaller players who want to get a piece of the pie before big brands take an even larger share.
If You Aren’t Already Selling Jewellery in China, Now Is the Time
China was driving the global jewellery market long before the pandemic. Now the clock is ticking for smaller players who want to get a piece of the pie before big brands take an even larger share.
Luxury
Bulgari CEO Expects to Recover Lost Sales Within Two Years
The LVMH-owned luxury jewellery company is betting on a recovery in consumer demand, especially in countries like China which has seen an uptick in domestic spending.
Bulgari CEO Expects to Recover Lost Sales Within Two Years
The LVMH-owned luxury jewellery company is betting on a recovery in consumer demand, especially in countries like China which has seen an uptick in domestic spending.
Luxury
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
The News in Brief
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.