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
LVMH Watch and Jewellery Sales up More Than 10 Percent in 2017
Swiss-made luxury timepieces are emerging from a severe downturn as Chinese demand picks up and the industry's biggest market, Hong Kong, returns to growth.
LVMH Watch and Jewellery Sales up More Than 10 Percent in 2017
Swiss-made luxury timepieces are emerging from a severe downturn as Chinese demand picks up and the industry's biggest market, Hong Kong, returns to growth.
News & Analysis
Swiss Watchmaker IWC Opens Bar to Lure High-Spending Clients
IWC is experimenting with new ways of attracting shoppers, such as trying to sell experiences rather than just products.
Swiss Watchmaker IWC Opens Bar to Lure High-Spending Clients
IWC is experimenting with new ways of attracting shoppers, such as trying to sell experiences rather than just products.
News & Analysis
Swiss Watch Exports Have Biggest Monthly Gain Since 2013
The latest export figures underline the industry’s recovery after it exited its longest slump on record earlier this year.
Swiss Watch Exports Have Biggest Monthly Gain Since 2013
The latest export figures underline the industry’s recovery after it exited its longest slump on record earlier this year.
News & Analysis
Small Independent Watch Shops Are Doomed, Cartier Maker Says
Richemont's chief financial officer warned that consolidation of bigger players and an emerging online watch market places the traditional wholesale trade under threat.
Small Independent Watch Shops Are Doomed, Cartier Maker Says
Richemont's chief financial officer warned that consolidation of bigger players and an emerging online watch market places the traditional wholesale trade under threat.
News & Analysis
Op-Ed | To Reach Consumers, Richemont's New Leaders Need to Embrace Digital
In an increasingly volatile market, high-end brands need management that can handle the big challenges facing the luxury sector, not least, the growth of digital.
Op-Ed | To Reach Consumers, Richemont's New Leaders Need to Embrace Digital
In an increasingly volatile market, high-end brands need management that can handle the big challenges facing the luxury sector, not least, the growth of digital.
China
Luxury Watch Brands Optimistic for Chinese New Year
Hong Kong traditionally attracts mainland China tourists for shopping during the Chinese New Year season, which kicks off in February.
Luxury Watch Brands Optimistic for Chinese New Year
Hong Kong traditionally attracts mainland China tourists for shopping during the Chinese New Year season, which kicks off in February.
News & Analysis
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
News & Analysis
LVMH's Zenith CEO Embraces Taboos
New Zenith chief executive Julien Tornare is leading the latest attempt to revive the watchmaker as the industry recovers from the biggest slump since the quartz crisis.
LVMH's Zenith CEO Embraces Taboos
New Zenith chief executive Julien Tornare is leading the latest attempt to revive the watchmaker as the industry recovers from the biggest slump since the quartz crisis.
News & Analysis
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
News & Analysis
Watch Site Hodinkee Launches Print Magazine
The cult digital watch publication’s biannual print magazine will adapt its online coverage to a lifestyle-focused glossy.
Watch Site Hodinkee Launches Print Magazine
The cult digital watch publication’s biannual print magazine will adapt its online coverage to a lifestyle-focused glossy.
News & Analysis
Op-Ed | Swiss Watch Sparkle Could Be a Fickle Friend
While Swiss watch sales are in better shape than they were a year ago, Richemont and Swatch should be wary of thinking the recovery is assured.
Op-Ed | Swiss Watch Sparkle Could Be a Fickle Friend
While Swiss watch sales are in better shape than they were a year ago, Richemont and Swatch should be wary of thinking the recovery is assured.
Retail
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
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.