Applied Nutrition Sinks as War Disruption Poses Growth Risk
The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.
watches
Luxury
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
News & Analysis
Richemont Launches Lower Priced Watch Brand, Baume
The luxury-goods group, whose watch business consists of high-end brands, is launching trendy timepieces in a bid to attract young consumers.
Richemont Launches Lower Priced Watch Brand, Baume
The luxury-goods group, whose watch business consists of high-end brands, is launching trendy timepieces in a bid to attract young consumers.
Luxury
Swiss Watchmakers Are Targeting Teens
After falling behind with millennials, the industry tries to secure a future generation of customers via school sponsorships and social media strategies.
Swiss Watchmakers Are Targeting Teens
After falling behind with millennials, the industry tries to secure a future generation of customers via school sponsorships and social media strategies.
News & Analysis
Swatch CEO Sees Double-Digit Growth Continuing This Year
Swatch's bullish outlook came as the Swiss watch industry reported March exports rose 4.8 percent compared with a year earlier.
Swatch CEO Sees Double-Digit Growth Continuing This Year
Swatch's bullish outlook came as the Swiss watch industry reported March exports rose 4.8 percent compared with a year earlier.
China
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Luxury
Luxury Watchmakers Step Up E-Commerce Investment
Courting younger shoppers, brands are joining an online push sweeping the luxury goods world, where web sales are already major growth drivers for fashion labels.
Luxury Watchmakers Step Up E-Commerce Investment
Courting younger shoppers, brands are joining an online push sweeping the luxury goods world, where web sales are already major growth drivers for fashion labels.
News & Analysis
Improving Swiss Watch Exports Lift Mood at Baselworld
Exports are up 12.9 percent year-on-year confirming gradual industry recovery, fuelled by demand from Chinese shoppers.
Improving Swiss Watch Exports Lift Mood at Baselworld
Exports are up 12.9 percent year-on-year confirming gradual industry recovery, fuelled by demand from Chinese shoppers.
News & Analysis
Swatch Says Its Low-End Brands Are Sweeping Up Market Share
Switzerland’s largest watchmaker reported an increase in profit for the first time in four years, thanks to growth at Tissot and its namesake brand.
Swatch Says Its Low-End Brands Are Sweeping Up Market Share
Switzerland’s largest watchmaker reported an increase in profit for the first time in four years, thanks to growth at Tissot and its namesake brand.
Luxury
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
News & Analysis
Cartier CEO Says Watch Inventory Levels Are Healthy
The brand no longer needs to carry out buybacks in order to balance out stock levels globally, said Cyrille Vigneron, the head of the Richemont-owned label.
Cartier CEO Says Watch Inventory Levels Are Healthy
The brand no longer needs to carry out buybacks in order to balance out stock levels globally, said Cyrille Vigneron, the head of the Richemont-owned label.
News & Analysis
Montblanc Expands Sports Watches in Rolex and Breitling Price Range
The Richemont-owned brand is introducing a line of Timewalker sports watches with a mountain-climbing theme this year, sharpening its focus on the €4,000 to €6,000 price range.
Montblanc Expands Sports Watches in Rolex and Breitling Price Range
The Richemont-owned brand is introducing a line of Timewalker sports watches with a mountain-climbing theme this year, sharpening its focus on the €4,000 to €6,000 price range.
The News in Brief
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
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.