The Daily Digest

  1. Technology Helps Buyers Revel in Big Name Brands Heaven

    “Luxury retail has defied forecasts that it would suffer during the world economic downturn and continues to …More

  2. Raf Simons and a New Informality

    “Sales of watches, luxury handbags and jewellery have been far more resilient than many had forecast as the …More

  3. Gap Willing to Sign Bangladesh Safety Accord, if Tweaked

    “Gap Inc’s chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord …More

  4. Consumers Luxuriate in Shopping on the Web

    “The companies whose brand values have risen the most in the 2013 BrandZ rankings are all about the fun …More

  5. International Design Colleges to Join Graduate Fashion Week Line-Up

    “For the first time in its 22-year history, Graduate Fashion Week in London will play host to the collections …More

Is Fashion Just an Accessory at Richemont?

Dunhill 'Home' in Shanghai, China | Source: Dunhill

ZURICH, Switzerland — While Richemont last week reported a 30 percent gain in annual profit as shoppers spent more on its Cartier jewelry and IWC watches, leather goods and fashion brands such as Lancel and Chloé have struggled. Earnings at Richemont’s so-called soft luxury unit fell by more than half in the last fiscal year.

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