Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
watches
News & Analysis
Swiss Watch Exports Fall for 14th Month as Slump Spreads
Swiss watch exports fell for a 14th consecutive month in August as demand weakened from Japan to the US.
Swiss Watch Exports Fall for 14th Month as Slump Spreads
Swiss watch exports fell for a 14th consecutive month in August as demand weakened from Japan to the US.
Luxury
Cartier’s $600,000 Watch Shows Risks of Extending Luxury Brands
Cartier's retrenchment is a cautionary tale for the industry and for businesses in general – a reminder that luxury demand is ephemeral and that stretching a brand beyond its comfort zone carries considerable risk.
Cartier’s $600,000 Watch Shows Risks of Extending Luxury Brands
Cartier's retrenchment is a cautionary tale for the industry and for businesses in general – a reminder that luxury demand is ephemeral and that stretching a brand beyond its comfort zone carries considerable risk.
Luxury
Death of Apple’s $17,000 Gold Watch Leaves Swiss Rivals Smiling
Switzerland’s leading watch-makers have said that centuries of craftsmanship will not simply disappear because a technology player enters the fray.
Death of Apple’s $17,000 Gold Watch Leaves Swiss Rivals Smiling
Switzerland’s leading watch-makers have said that centuries of craftsmanship will not simply disappear because a technology player enters the fray.
Luxury
Swiss Watch Slump Extends Beyond a Year as Hong Kong Demand Ebbs
Swiss watch exports declined for a 13th consecutive month in July as Hong Kong, traditionally the biggest market for luxury timepieces, slipped to second place for the first time in almost a decade.
Swiss Watch Slump Extends Beyond a Year as Hong Kong Demand Ebbs
Swiss watch exports declined for a 13th consecutive month in July as Hong Kong, traditionally the biggest market for luxury timepieces, slipped to second place for the first time in almost a decade.
Luxury
Luxury Watch Market Sobers Up
With the luxury watch market under pressure, the shift to affordable steel models is depressing growth and retail space productivity, according to new research by Exane BNP Paribas.
Luxury Watch Market Sobers Up
With the luxury watch market under pressure, the shift to affordable steel models is depressing growth and retail space productivity, according to new research by Exane BNP Paribas.
News & Analysis
Swatch Profit Warning Places CEO Hayek Under Fire From Investors
Swatch Group chief executive officer Nick Hayek came under fire from investors for what they called unrealistic projections and a resistance to adapt to a deteriorating market, after the Swiss watchmaker reported collapsing earnings.
Swatch Profit Warning Places CEO Hayek Under Fire From Investors
Swatch Group chief executive officer Nick Hayek came under fire from investors for what they called unrealistic projections and a resistance to adapt to a deteriorating market, after the Swiss watchmaker reported collapsing earnings.
News & Analysis
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
News & Analysis
Swiss Watchmaker Piaget Hunts New Buyers with $9,350 Steel Watch
High-end Swiss watchmaker Piaget has unveiled an unusual new timepiece: a stainless steel-cased casual watch for under $10,000.
Swiss Watchmaker Piaget Hunts New Buyers with $9,350 Steel Watch
High-end Swiss watchmaker Piaget has unveiled an unusual new timepiece: a stainless steel-cased casual watch for under $10,000.
News & Analysis
Brexit Gives Europeans $15,000 Discount on Cartier Watch
Rich foreigners visiting the UK have the chance to buy luxury goods at a discount given the pound’s slide against the dollar, making Swiss watches cheaper than on the continent.
Brexit Gives Europeans $15,000 Discount on Cartier Watch
Rich foreigners visiting the UK have the chance to buy luxury goods at a discount given the pound’s slide against the dollar, making Swiss watches cheaper than on the continent.
News & Analysis
Swiss Watch Industry Exports Continue to Struggle in May
Switzerland's watch industry exports fell nearly 10 percent in May as watchmakers continued to struggle with the aftermath of last year's extremist attacks in Europe and a prolonged slowdown in Asia.
Swiss Watch Industry Exports Continue to Struggle in May
Switzerland's watch industry exports fell nearly 10 percent in May as watchmakers continued to struggle with the aftermath of last year's extremist attacks in Europe and a prolonged slowdown in Asia.
News & Analysis
Swatch Backpaddles on Phasing Out Watch Movement Deliveries
Swatch Group said Swiss competition authority Weko was examining if the world's biggest watchmaker could supply more mechanical movements to its customers than was set out in a 2013 agreement on phasing out deliveries.
Swatch Backpaddles on Phasing Out Watch Movement Deliveries
Swatch Group said Swiss competition authority Weko was examining if the world's biggest watchmaker could supply more mechanical movements to its customers than was set out in a 2013 agreement on phasing out deliveries.
Luxury
Will Fashion's Luxury Watch Divisions Weather the Downturn?
High-end fashion houses like Chanel and Dior have sunk billions into luxury watch divisions. Now the sector is looking shaky.
Will Fashion's Luxury Watch Divisions Weather the Downturn?
High-end fashion houses like Chanel and Dior have sunk billions into luxury watch divisions. Now the sector is looking shaky.
The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
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.
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.