Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
jewellery
Retail
Pandora Cuts Sales Outlook After Poor Third-Quarter
Weakened customer demand, falling shares and political unrest in Hong Kong have hindered the jewellery brand’s attempt at relaunching.
Pandora Cuts Sales Outlook After Poor Third-Quarter
Weakened customer demand, falling shares and political unrest in Hong Kong have hindered the jewellery brand’s attempt at relaunching.
Luxury
Bulgari CEO Sees China Jewellery Sales Rising Despite Slowing Economy
The luxury jewellery company seeks to double profits over the next five years by expanding its brick-and-mortar footprint in China.
Bulgari CEO Sees China Jewellery Sales Rising Despite Slowing Economy
The luxury jewellery company seeks to double profits over the next five years by expanding its brick-and-mortar footprint in China.
Luxury
De Beers to Sell Lab-Grown Diamonds in Stores
The mining giant once opposed marketing synthetic stones to consumers but started selling them online last year under a new brand, Lightbox.
De Beers to Sell Lab-Grown Diamonds in Stores
The mining giant once opposed marketing synthetic stones to consumers but started selling them online last year under a new brand, Lightbox.
Luxury
De Beers Diamond Sales Fall 39 Percent in a Year
The jeweller's sales data indicates that 2019 is one of the worst years for the diamond industry in a long time.
De Beers Diamond Sales Fall 39 Percent in a Year
The jeweller's sales data indicates that 2019 is one of the worst years for the diamond industry in a long time.
News & Analysis
Richemont Buys Buccellati to Bolster Jewellery Business
The Swiss luxury-goods maker bought the Italian jewellery maison from Chinese investment company Gangtai Group for an undisclosed price.
Richemont Buys Buccellati to Bolster Jewellery Business
The Swiss luxury-goods maker bought the Italian jewellery maison from Chinese investment company Gangtai Group for an undisclosed price.
China
As Luxury Suffers in Hong Kong, Tiffany Turns to Mainland China
With estimates of the Hong Kong luxury market falling by as much as 60 percent this year, luxury brands like Tiffany & Co. are redoubling their efforts on the mainland.
As Luxury Suffers in Hong Kong, Tiffany Turns to Mainland China
With estimates of the Hong Kong luxury market falling by as much as 60 percent this year, luxury brands like Tiffany & Co. are redoubling their efforts on the mainland.
Retail
Tiffany Plans More China Stores as Tourist Spending Falls
The weak yuan is detering Chinese consumers from spending overseas and they are shifting their luxury buying back home.
Tiffany Plans More China Stores as Tourist Spending Falls
The weak yuan is detering Chinese consumers from spending overseas and they are shifting their luxury buying back home.
News & Analysis
Slick Woods Launches a Jewellery Line That Aims to Fund Minority-Owned Businesses
The model and Instagram star partnered with other black creatives to found C1V1L, a direct-to-consumer brand with major ambitions to give back to the culture.
Slick Woods Launches a Jewellery Line That Aims to Fund Minority-Owned Businesses
The model and Instagram star partnered with other black creatives to found C1V1L, a direct-to-consumer brand with major ambitions to give back to the culture.
Retail
Struggling Jewellery Maker Pandora to Relaunch Brand
The Denmark-based company will completely revamp the design of its 2,700 shops worldwide, unveil a new logo, increase marketing campaigns featuring celebrities and launch themed collections.
Struggling Jewellery Maker Pandora to Relaunch Brand
The Denmark-based company will completely revamp the design of its 2,700 shops worldwide, unveil a new logo, increase marketing campaigns featuring celebrities and launch themed collections.
Luxury
Tiffany & Co. Quarterly Earnings Beat Estimates
The luxury jeweller was hurt by lower spending among tourists and political unrest in Hong Kong, sending same-store sales down 3 percent compared to an expected 1.3 percent drop, but had focused on the Mainland Chinese market.
Tiffany & Co. Quarterly Earnings Beat Estimates
The luxury jeweller was hurt by lower spending among tourists and political unrest in Hong Kong, sending same-store sales down 3 percent compared to an expected 1.3 percent drop, but had focused on the Mainland Chinese market.
News & Analysis
Tourists Aren't Shopping Like They Used To. Who Will Replace Them?
This week everyone will be talking about Tiffany & Co. and the declining tourist trade, the Venice Film Festival and fashion's climate pact. Read our BoF Professional Cheat Sheet.
Tourists Aren't Shopping Like They Used To. Who Will Replace Them?
This week everyone will be talking about Tiffany & Co. and the declining tourist trade, the Venice Film Festival and fashion's climate pact. Read our BoF Professional Cheat Sheet.
News & Analysis
This Start-Up Wants to Be the Etsy of Jewellery
Pietra connects a global network of independent jewellers with shoppers looking for custom pieces. Its investors include Robert Downey Jr., Will Smith and venture capital firm Andreessen Horowitz.
This Start-Up Wants to Be the Etsy of Jewellery
Pietra connects a global network of independent jewellers with shoppers looking for custom pieces. Its investors include Robert Downey Jr., Will Smith and venture capital firm Andreessen Horowitz.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.