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Angola bids for majority stake in De Beers, source says

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October 24, 2025

Angola has bid for a majority stake in Anglo American‘s unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana, which also wants to take control of De Beers.

The company name of De Beers is displayed in Hong Kong, China September 14, 2016. Picture taken September 14, 2016 – REUTERS/Bobby Yip

The company is one of the world’s leading diamond companies, with operations spanning Botswana, Namibia, Angola, South Africa and Canada. It has been put up for sale by Anglo amid falling diamond prices and had attracted interest from at least six consortia, according to a Reuters report in June.

The source said Angola’s state-owned diamond company Endiama had submitted the offer for a majority stake in De Beers, confirming a report by Bloomberg News.

Botswana, which currently owns 15% of De Beers, considers the company a strategic national asset, despite the slump in global diamond prices, which has badly hurt its economy. Its mining minister said in July that the Southern African country wanted to take full control of De Beers.

Angola had said in September that it was seeking a minority stake in De Beers and thought it should be led by a private-sector firm.

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Marionnaud teams up with Good News to bring together beauty routines and coffee

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December 8, 2025

“We need moments like these to get to know our female customers,” says Marionnaud. With this in mind, the perfume and fragrance business is taking up residence in two Good News cafés in Paris until December 10.

Rue Montmartre shopfront – AI-generated photo by Marionnaud – DR

Marionnaud is unveiling two pop-ups “conceived as convivial interludes, designed to strengthen its physical presence, drive footfall, and partner with a French player sharing the same values of proximity and optimism,” notes the French beauty specialist. The temporary spaces will be located at 94 Rue Montmartre, in the second arrondissement, and at 7 Boulevard de la Madeleine, in the first arrondissement.

Founded in 1984, Marionnaud now operates 385 stores in France. Under the leadership of Kulvinder Birring, the retailer is pursuing a strategy focused on modernising its network and strengthening customer relations. The brand’s turnover amounted to €573 million in 2023, the latest figure available, although the company does not officially disclose its financial performance. These pop-ups are part of this momentum, sitting somewhere between commercial experimentation and on-the-ground engagement.

According to Clémence Courquin, head of marketing, this collaboration is part of a 360° campaign combining social media activations with a physical rollout. “Today, we’re seeing the power of beauty-and-coffee alliances,” she emphasises. The two brands, both French, are bringing their worlds together and cross-pollinating their audiences to reach a broader customer base while nurturing their brand DNA.

In practical terms, Marionnaud and Good News are pooling their databases to increase the number of touchpoints, attract new customers, and raise their visibility. The initiative also includes the distribution of oversized gifts, designed to create surprise and spark engagement.

In short, it is a partnership conceived as a lever for commercial momentum, with each brand putting its expertise at the service of the other to maximise impact throughout the duration of the initiative.

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Decathlon debuts in El Salvador

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December 8, 2025

French sporting goods retailer Decathlon is continuing its expansion across Latin America. The business has opened its first store in El Salvador, a large-format location at the Multiplaza shopping centre in the country’s capital San Salvador.

Decathlon

‘This country, known for its rich culture, its Pacific coastline ideal for surfing, and its growing passion for outdoor sports, represents a strategic and vibrant market for our mission,” said the business in a release. Decathlon also stated that it aims to “bring people together through sport to make wellbeing accessible for all.”

Decathlon’s expansion into Latin American markets has marked a milestone, boosting access to sports equipment across a range of disciplines. The business currently has a presence in Mexico, Colombia, Chile, Brazil, Panama, Costa Rica, and now El Salvador.

Latin America has become a highly attractive market for European and other international brands, with new market entries up by more than 30% over the past three years.

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More Luxury Club joins Cocoon Group to form ‘circular luxury powerhouse’

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December 8, 2025

Two now becomes three. Fashion accessories/jewellery membership club More Luxury Club has joined forces with Cocoon Club and My Wardrobe HQ to operate under an ever-widening Cocoon Group umbrella to become a “circular luxury powerhouse”.

Image: More Luxury Club

With More Luxury Club founded “to redefine how people access and enjoy luxury goods, building a loyal community passionate about quality, longevity, and conscious consumption”, it dovetails neatly with the Cocoon Group ethos.

Cynthia Morrow, co-founder of More Luxury Club, explained: “Cocoon shares our belief that the future of luxury lies in sustainability, circularity, and community – and we are proud that our members will continue this journey within a company that shares our values and long-term vision”.

She noted that it’s an integration that “marks an important milestone for the circular fashion sector”. 

Cocoon Group’s overall mission is “to build the leading ecosystem for circular luxury”, expanded benefits including access to designer rental, resale, subscription models and exclusive brand collaborations – “all within one unified platform”.

Following its recent merger with My Wardrobe HQ, Cocoon said it has become a consolidating force in the circular luxury sector, bringing together businesses such as Rotaro, Cercle, and now More Luxury Club, “positioning Cocoon as the definitive category leader”, offering the “most comprehensive, sustainable, and innovative way to access and enjoy luxury fashion in the UK”.

Cocoon Group CEO Coco Baraer Panazza, added: “Our mission is to build the most forward-thinking and sustainable way for people to enjoy luxury… as we continue to scale a smarter, more inclusive and more circular future for fashion together.”

Kering used to have a minority stake in Cocoon (which it took in 2021) but it exited that stake earlier this year. 

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