Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
watches
News & Analysis
LVMH Aims for Double-Digit Watch Sales Growth in Second Half
After sales rose 13 percent in the first half of 2017, the luxury group predicts a strong end to the year for TAG Heuer, Hublot and Zenith.
LVMH Aims for Double-Digit Watch Sales Growth in Second Half
After sales rose 13 percent in the first half of 2017, the luxury group predicts a strong end to the year for TAG Heuer, Hublot and Zenith.
News & Analysis
Fossil Plunges as 'Unprecedented Disruption' Rocks Watch Company
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
Fossil Plunges as 'Unprecedented Disruption' Rocks Watch Company
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
News & Analysis
Swatch's Strong Forecast Bolsters Decision to Keep Workers
A rebound in Swiss watch sales exonerates Swatch Group CEO who refused to cut his skilled work force when profits were declining.
Swatch's Strong Forecast Bolsters Decision to Keep Workers
A rebound in Swiss watch sales exonerates Swatch Group CEO who refused to cut his skilled work force when profits were declining.
News & Analysis
Inside Richemont’s Leadership Crisis
An unconventional management structure, combined with serious ongoing business challenges, has upset senior ranks at the Swiss luxury conglomerate.
Inside Richemont’s Leadership Crisis
An unconventional management structure, combined with serious ongoing business challenges, has upset senior ranks at the Swiss luxury conglomerate.
News & Analysis
Richemont Executive Once Seen as Future Chief Exits
Georges Kern, a 17-year Richemont veteran who was head of watchmaking, marketing and digital, has resigned with immediate effect.
Richemont Executive Once Seen as Future Chief Exits
Georges Kern, a 17-year Richemont veteran who was head of watchmaking, marketing and digital, has resigned with immediate effect.
Luxury
Swiss Watch Exports Fall by 5.7 Percent in April
Swiss watch exports fell by 5.7 percent in April, hurt by weakness in the key markets of Hong Kong and the US, raising concerns that a recovery in the industry will take time.
Swiss Watch Exports Fall by 5.7 Percent in April
Swiss watch exports fell by 5.7 percent in April, hurt by weakness in the key markets of Hong Kong and the US, raising concerns that a recovery in the industry will take time.
Luxury
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Luxury
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Luxury
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Financial Markets
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Luxury
Swiss Watch Exports Rise, Breaking Record Slump
Swiss watch exports rose for the first time in 21 months in March, ending their longest slump on record as shipments to Hong Kong pulled out of a two-year decline.
Swiss Watch Exports Rise, Breaking Record Slump
Swiss watch exports rose for the first time in 21 months in March, ending their longest slump on record as shipments to Hong Kong pulled out of a two-year decline.
News & Analysis
Cartier, Rolex and Omega Lead Swiss Rankings for Fine Watches
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
Cartier, Rolex and Omega Lead Swiss Rankings for Fine Watches
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
The News in Brief
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Exclusive: Akt London Enters Sephora
The UK label will roll out its hero deodorant to Sephora US doors and launch its full assortment online as the LVMH-owned retailer expands its body care offering.
Zalando Forecasts 2026 Profit Jump Driven by AI Boost
The European retailer forecast a rise in full-year adjusted operating profit and announced a share buyback, citing the productivity and cost-saving benefits of AI.
Lululemon Founder Warns CEO Candidates That Board Needs Overhaul
Chip Wilson wrote an open letter to potential candidates for the activewear brand’s next chief executive warning them of problems at the company.