BoF compiles the most important professional moves of the week.
Jewellers who fill up Christmas stockings with diamonds are increasingly doing so by investing in or securing supply deals directly from individual mines, avoiding the industry’s middlemen.
New York Fashion Week will be forced to find a new location, according to a settlement reached between the city and park advocates.
The Christmas rush is exposing the limitations of internet-only retailers as surging orders cause delivery delays, allowing Europe’s shops to fight back with “click and collect” services and more in-store theatre.
L’Oreal SA and Unilever were among 11 companies fined a total of 951.2 million euros ($1.17 billion) by France’s antitrust regulator over allegations of a conspiracy to rig the prices of products.
Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian rouble rates before brands can adjust them. These shopping agents, known as “daigou,” stockpile the products before selling them at a profit to buyers back home.
British retail sales surged at their fastest annual rate in more than a decade in November, as U.S.-style “Black Friday” discounts drove record sales growth at electrical and department stores.