De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
watches
Retail
Dutch Court Backs Swatch in $400 Million Row With Tiffany
An arbitration panel in the Netherlands had ordered Tiffany in December 2013 to pay Swatch $404.5 million in damages over the aborted project to produce and market watches.
Dutch Court Backs Swatch in $400 Million Row With Tiffany
An arbitration panel in the Netherlands had ordered Tiffany in December 2013 to pay Swatch $404.5 million in damages over the aborted project to produce and market watches.
News & Analysis
For Luxury Watchmakers, Grey Market Is a Necessary Evil
Unsold timepieces are finding their way from the industry's carefully controlled official retail networks to online platforms where they are often offered at steep discounts
For Luxury Watchmakers, Grey Market Is a Necessary Evil
Unsold timepieces are finding their way from the industry's carefully controlled official retail networks to online platforms where they are often offered at steep discounts
Luxury
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
Watchmakers Can't Catch a Break as China Slump Moves to US
Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier.
Luxury
Montblanc Launched a Smartwatch. Here's Why It Matters
The company hopes to attract a mix of loyalists and also millennials who aren't necessarily accustomed to wearing anything on their wrists but who might try out a unique-looking smartwatch.
Montblanc Launched a Smartwatch. Here's Why It Matters
The company hopes to attract a mix of loyalists and also millennials who aren't necessarily accustomed to wearing anything on their wrists but who might try out a unique-looking smartwatch.
Technology
Swiss Smartwatches Multiply as Makers Hunt Millennials
With the flurry of new gadgets, watchmakers are trying to attract millennial shoppers in the middle of the longest downturn on record for the Swiss industry.
Swiss Smartwatches Multiply as Makers Hunt Millennials
With the flurry of new gadgets, watchmakers are trying to attract millennial shoppers in the middle of the longest downturn on record for the Swiss industry.
Technology
Swatch to Launch Smartwatch Operating System by 2018
The world's biggest watchmaker has previously been skeptical about smartwatches and has so far launched watches with limited connected features under its Tissot and Swatch brands.
Swatch to Launch Smartwatch Operating System by 2018
The world's biggest watchmaker has previously been skeptical about smartwatches and has so far launched watches with limited connected features under its Tissot and Swatch brands.
Retail
Swatch Sees Rebound in US, Europe as Watch Sales Improve
The watchmaker forecast a rebound in US and European markets, adding to further signals that the industry’s longest slump on record may be ending.
Swatch Sees Rebound in US, Europe as Watch Sales Improve
The watchmaker forecast a rebound in US and European markets, adding to further signals that the industry’s longest slump on record may be ending.
Luxury
TAG Heuer Sees Higher Sales on New Smartwatch, China
The Swiss watch brand expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces.
TAG Heuer Sees Higher Sales on New Smartwatch, China
The Swiss watch brand expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces.
Luxury
Vacheron Constantin Makes Online Debut With $45,000 Watches
Swiss watchmakers have been increasingly embracing e-commerce to reach a younger clientele that is less interested in wearing watches.
Vacheron Constantin Makes Online Debut With $45,000 Watches
Swiss watchmakers have been increasingly embracing e-commerce to reach a younger clientele that is less interested in wearing watches.
Luxury
Report: Four Richemont Brand CEOs Including Dunhill to Depart
Richemont plans to name new chief executive officers for four of its luxury brands including Vacheron Constantin and Dunhill, according to a person familiar with the situation.
Report: Four Richemont Brand CEOs Including Dunhill to Depart
Richemont plans to name new chief executive officers for four of its luxury brands including Vacheron Constantin and Dunhill, according to a person familiar with the situation.
News & Analysis
Swiss Watchmakers Cautiously Optimistic for US, China in 2017
Luxury watchmakers have been grappling with a combination of weak demand in Hong Kong and the United States, and Chinese tourists avoiding Europe for fear of militant attacks.
Swiss Watchmakers Cautiously Optimistic for US, China in 2017
Luxury watchmakers have been grappling with a combination of weak demand in Hong Kong and the United States, and Chinese tourists avoiding Europe for fear of militant attacks.
Luxury
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.