From the Cartier Collection, Richemont Group | Source: Cartier

Richemont’s Rupert to Take Over as CEO; Profit Slumps (Bloomberg)
“Richemont SA, the world’s largest jewelry maker, said Chairman Johann Rupert will replace Norbert Platt as chief executive officer in April, taking more control amid the deepest recession since the 1930s… Richemont’s first-half profit fell 60 percent.”

In downturn, luxury brand Bally eyes Asia and beyond (Reuters)
“Fresh from a makeover, luxury leather goods and clothing label Bally is out to woo fashionable Asians, but not at the expense of European and American customers who have been harder hit by the downturn.”

Bulgari shines after results, broker targets (Reuters)
“Shares in Italian jeweller Bulgari rise more than 4 percent after the company returns to a net profit in the third quarter and analysts raise their price targets on the stock.”

Lindsay Lohan at Ungaro a disaster: designer (Independent)
“Hollywood bad girl Lindsay Lohan’s first collection as artistic advisor for Emanuel Ungaro was a “disaster”, the founder of the French couture house said here, local press reported.”

Winner of Swiss Textile Award – Alexander Wang: Too cool for school (Independent)
“While some designers look to the past or future, Alexander Wang is as right here, right now as it gets. The American designer is zeitgeisty, he’s of the moment and in fashion-speak he’s also having a moment; quite an extended one to judge by his growing popularity.”