Richemont
Swiss conglomerate Richemont is the owner of luxury maisons in jewellery, watches, fashion and accessories, including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre and more.
Luxury Retail, E-Commerce, Tiny Times, Kate Spade, Alibaba
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The Swiss Tsunami
The Savigny Luxury Index started the year on a high as it gained almost five percent over the month.
Swatch Earnings Miss Estimates After Hong Kong Protests
Swatch Group AG reported 2014 earnings that missed analysts’ estimates as political protests in Hong Kong weighed on demand for Swiss watches in that market.
Swiss Watch Exports at Slowest Pace Since Financial Crisis
Swiss watch exports kept growing at the slowest rate since the financial crisis for a second year as shipments to China and Hong Kong dropped in the final quarter.
All Eyes on America
As growth in China slows, tapping post-recovery America is rising to the top of the fashion industry’s agenda.
Vacheron Ditches Diamonds for Mechanical Features to Lure Women
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.
Greubel Forsey Warns Franc Surge Threatens Low-End Watchmakers
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.
Cartier to Raise Prices in Euro Zone After Swiss Franc Soars
Richemont's flagship Cartier brand will increase prices for watches and jewelry by five percent in the euro zone to limit the damage to its margins following the surge in the Swiss franc.
Swatch CEO Says Watch Brands to Hike Prices in Europe
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.
Roger Dubuis May Raise Watch Prices After Euro Cap
Roger Dubuis, a Swiss watchmaker owned by Cie. Financiere Richemont SA, anticipates increasing prices in the euro zone by 7 percent in reaction to the Swiss National Bank’s Jan. 15 decision to exit a three-year-old euro cap.