LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
Eighteen to 35 year olds contributed 85 percent of luxury growth last year, finds a new report by UBS.
The world’s largest duty-free seller would gain amid new tariffs.
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How can the jewellery industry engage with the UN’s 17 Sustainable Development Goals? BoF hosted a panel discussion in partnership with Chopard to investigate, featuring Cherie Blair, the UN’s Lene Wendland and Phillipe Fornier, general secretary of the Swiss Better Gold Association, among other esteemed peers.
How can the jewellery industry engage with the UN’s 17 Sustainable Development Goals? BoF hosted a panel discussion in partnership with Chopard to investigate, featuring Cherie Blair, the UN’s Lene Wendland and Phillipe Fornier, general secretary of the Swiss Better Gold Association, among other esteemed peers.
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.
The president of LVMH’s watch division has always been a disruptor. But with the Tag Heuer Connected watch, has he got the solution to a Swiss watch industry in decline?
Swiss watchmakers are braced for another difficult year as economic woes in major markets curb consumers' appetite for pricey timepieces, industry executives said on Thursday.
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Plunging diamond prices are causing hardship for people throughout the global supply chain from big mining operators in Africa, Russia and Canada to small-scale cutters and traders across Europe and Asia.
Hublot will probably be the next LVMH watch brand to add smart functions, following TAG Heuer’s footsteps, according to LVMH's watch chief.
At the Baselworld fair this month, the Swiss watch industry will showcase how it plans to grapple with troubling global conditions for the timepiece market.
"Swiss watchmakers have long marketed their location in Switzerland as a guarantee of quality. One obvious way of responding to the stronger franc —
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.