BoF compiles the most important professional moves of the week.
The common denominator to attract female clientele in the luxury watchmaking industry has so far usually been a sparkly one — diamonds. Vacheron Constantin, the oldest Swiss watchmaker in continuous operation, plans to change that.
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
Buyout firms can find no cheaper personal- goods company than Avon Products Inc. Whether it’s cheap for a reason is another issue.
EBay Inc’s plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup.
The luxury goods company is basking in some media buzz after Michelle Obama wore a gray skirt suit from the designer’s 2013 collection to the State of the Union address.
Alibaba and Tencent spent more than $8 billion last year alone backing often strikingly similar ventures, as the Chinese Internet giants race to create online one-stop-shops to win the digital loyalty of a tenth of the world’s population.
Small, lower-end Swiss watch brands face a more uncertain future after the Swiss National Bank’s U-turn on the franc cap, according to Greubel Forsey SA.
Swatch Group AG, Switzerland’s biggest watchmaker, will raise prices at some of its brands by as much as 10 percent after the Swiss National Bank’s surprise decision last week to abandon the cap on the franc exchange rate.