Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
Biel, Switzerland
Global Markets
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
News & Analysis
Swatch Confirms Permanent Withdrawal from Baselworld Watch Fair
As watchmakers increasingly rely on their own distribution networks, the industry's largest annual conference runs the risk of becoming obsolete.
Swatch Confirms Permanent Withdrawal from Baselworld Watch Fair
As watchmakers increasingly rely on their own distribution networks, the industry's largest annual conference runs the risk of becoming obsolete.
News & Analysis
Swatch Sees Weakening Demand in the Critical Chinese Market
The results will likely spark concern that the watch rebound is fading.
Swatch Sees Weakening Demand in the Critical Chinese Market
The results will likely spark concern that the watch rebound is fading.
Financial Markets
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
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News & Analysis
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
News & Analysis
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
News & Analysis
Swatch's Strong Forecast Bolsters Decision to Keep Workers
A rebound in Swiss watch sales exonerates Swatch Group CEO who refused to cut his skilled work force when profits were declining.
Swatch's Strong Forecast Bolsters Decision to Keep Workers
A rebound in Swiss watch sales exonerates Swatch Group CEO who refused to cut his skilled work force when profits were declining.
News & Analysis
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
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News & Analysis
Tissot Smartwatch Joins Swatch Lineup in Battle Against Apple
Swatch Group AG plans to introduce three smartwatches this year, as the Swiss company jostles with Apple Inc. and TAG Heuer in the market for wearable devices that do more than tell time.
Tissot Smartwatch Joins Swatch Lineup in Battle Against Apple
Swatch Group AG plans to introduce three smartwatches this year, as the Swiss company jostles with Apple Inc. and TAG Heuer in the market for wearable devices that do more than tell time.
Financial Markets
Swatch Earnings Miss Estimates On Hong Kong, Strong Franc
Swatch Group AG reported 2015 earnings that missed analyst estimates as sales declined for the first time in six years, hurt by slumping demand in Hong Kong and the strength of the Swiss franc.
Swatch Earnings Miss Estimates On Hong Kong, Strong Franc
Swatch Group AG reported 2015 earnings that missed analyst estimates as sales declined for the first time in six years, hurt by slumping demand in Hong Kong and the strength of the Swiss franc.
The News in Brief
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.
On Sneaker Brand’s Shares Slump After Sales Disappoint
The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.