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
Fashion Week
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Global Markets
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Luxury
Inside LVMH’s Watch Week 2020
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
Inside LVMH’s Watch Week 2020
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
Luxury
Richemont Watch Sales Stall as Hong Kong Protests Bite
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
Richemont Watch Sales Stall as Hong Kong Protests Bite
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
News & Analysis
Op-Ed | Finding a Cheap Omega Watch Has Just Got a Lot Harder
The Swiss company said on Wednesday that its sales in the first half of 2019 were held back by cracking down on so-called “grey market” dealers, who sell stock at a discount.
Op-Ed | Finding a Cheap Omega Watch Has Just Got a Lot Harder
The Swiss company said on Wednesday that its sales in the first half of 2019 were held back by cracking down on so-called “grey market” dealers, who sell stock at a discount.
Luxury
The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
News & Analysis
Swiss Watch Exports Dropped in April
Swatch shares fell 44 percent in the past year, while Richemont declined 20 percent.
Swiss Watch Exports Dropped in April
Swatch shares fell 44 percent in the past year, while Richemont declined 20 percent.
Financial Markets
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Luxury
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Luxury
Swiss Watchmakers Caught in the Middle of US-China Trade War
Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.
Swiss Watchmakers Caught in the Middle of US-China Trade War
Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.
Luxury
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
News & Analysis
Patek Philippe Chairman Says Company Is Not for Sale
The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.
Patek Philippe Chairman Says Company Is Not for Sale
The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.
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.