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The Business of Fashion

Geneva, Switzerland

Luxury

What Watch CEOs Said in Geneva

In his latest briefing, watch industry expert Robin Swithinbank reports back from the Watches and Wonders fair. Plus, dissecting the latest Swiss watch export figures.

Luxury

What François-Henry Bennahmias Did Next

The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.

Luxury

In Geneva, Luxury Watch Leaders Brace for US Tariffs Impact

Chief executives said they planned to raise prices while cutting margins.

Luxury

Swiss Watchmakers Battle for Their Future

The sector is facing double-digit sales declines and a crisis of relevance. ‘A watch has become a cultural object of sophistication… but culture has to constantly reinvent, otherwise it can disappear,’ said former Cartier boss Cyrille Vigneron.

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Luxury

Kering-Owned Swiss Watch Brands Cut Staff by 25%

Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.

Luxury

Richemont First-Quarter Sales Slump as Covid-19 Hits Jewellery Demand

The Cartier-owner's sales fell 47 percent to €1.99 billion ($2.27 billion), a similar decline posted by rival Swatch Group earlier this week.

Luxury

How Luxury Brands Sell 'Exclusive' Goods by the Millions

Successful modern luxury brands deploy a number of powerful strategies to achieve the perception of exclusivity while moving millions of units. Here’s how it works.

Workplace & Talent

Richemont Signals HR Shakeup After Reports of Bonus Controversy

The Swiss luxury-goods maker’s employees are reportedly frustrated about increases in senior executive compensation when most directors got pay cuts.

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Luxury

What Makes a Luxury Turnaround Work?

From Bottega Veneta’s aesthetic reinvention to Burberry’s attempts to move upmarket, there are several different genres of brand turnaround strategies, with significantly different probabilities of success.

Luxury

To Survive, Luxury Fashion Must Hibernate

Companies should reduce their cost perimeters, keeping as many of their personnel and key assets as possible, while stopping virtually all manufacturing and sourcing, argues Luca Solca.

Luxury

Is Fashion Ready for a Multicultural Minefield?

Social media, Chinese nationalism and a culture war in the US have ratcheted up the risk of costly cultural missteps like those made by Dolce & Gabbana, Gucci, Prada and others. Luca Solca examines what fashion brands should — and should not — do.

Luxury

Luxury Watch Brands to Stage New Event Following Baselworld Cancellation

Bulgari organised the event, Geneva Watch Days, after the coronavirus outbreak forced the cancellation of other industry gatherings. Eight brands have signed on so far.