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
News & Analysis
Armed Robbers Steal Millions Worth of Jewellery From Piaget Store in Paris
Armed robbers raided a store of the luxury Swiss watch brand Piaget in central Paris on Tuesday, escaping with between €10 million to €15 million ($11 million to $16.5 million) worth of jewellery, the Paris prosecutor’s office said.
Armed Robbers Steal Millions Worth of Jewellery From Piaget Store in Paris
Armed robbers raided a store of the luxury Swiss watch brand Piaget in central Paris on Tuesday, escaping with between €10 million to €15 million ($11 million to $16.5 million) worth of jewellery, the Paris prosecutor’s office said.
Luxury
Smartwatches No Longer a Threat to Pricey Swiss Timepieces, Morgan Stanley Says
Sales of smartwatches, including Apple’s top-selling version, have plateaued and are no longer a significant threat to the pricier end of the Swiss watch industry, according to Morgan Stanley.
Smartwatches No Longer a Threat to Pricey Swiss Timepieces, Morgan Stanley Says
Sales of smartwatches, including Apple’s top-selling version, have plateaued and are no longer a significant threat to the pricier end of the Swiss watch industry, according to Morgan Stanley.
Luxury
Audemars Piguet to Guarantee $55,000 Watches Against Theft in Industry First
Audemars Piguet, the Swiss luxury watch brand best known for the highly sought-after Royal Oak, will offer to replace clients’ stolen watches as part of a new service program created in response to a surge in watch-related crime.
Audemars Piguet to Guarantee $55,000 Watches Against Theft in Industry First
Audemars Piguet, the Swiss luxury watch brand best known for the highly sought-after Royal Oak, will offer to replace clients’ stolen watches as part of a new service program created in response to a surge in watch-related crime.
Retail
Pandora Expects Organic Sales Growth Between -3% And 3% In 2023
Analysts had expected the firm’s sales growth forecast to come in at 1 percent on average.
Pandora Expects Organic Sales Growth Between -3% And 3% In 2023
Analysts had expected the firm’s sales growth forecast to come in at 1 percent on average.
Global Markets
Capturing Fashion’s Growth Potential in the Middle East
Brands will need to sharpen personalisation to remain attractive to the Middle East’s “increasingly assertive” shoppers, says the Dubai-based luxury group’s president in this State of Fashion 2023 interview.
Capturing Fashion’s Growth Potential in the Middle East
Brands will need to sharpen personalisation to remain attractive to the Middle East’s “increasingly assertive” shoppers, says the Dubai-based luxury group’s president in this State of Fashion 2023 interview.
Retail
Competition in the Jewellery Market Is Heating Up
Upstart brands with cheaper prices and a wide range of styles are winning over younger consumers.
Competition in the Jewellery Market Is Heating Up
Upstart brands with cheaper prices and a wide range of styles are winning over younger consumers.
Luxury
The Brands Convincing You to Buy an Engagement Ring Off Instagram
A new cohort of mostly female, social media savvy founders are breaking with decades of jewelkery industry tradition in pursuit of young consumers.
The Brands Convincing You to Buy an Engagement Ring Off Instagram
A new cohort of mostly female, social media savvy founders are breaking with decades of jewelkery industry tradition in pursuit of young consumers.
Luxury
Why Luxury’s Counterfeit Problem Is Getting Worse
It’s easier than ever for consumers to buy fakes online. But the spike in counterfeit sales may also have something to do with how brands themselves are pricing and marketing their products.
Why Luxury’s Counterfeit Problem Is Getting Worse
It’s easier than ever for consumers to buy fakes online. But the spike in counterfeit sales may also have something to do with how brands themselves are pricing and marketing their products.
Sustainability
Where Does Your Necklace Come From?
With new digital ‘passports’ that disclose where its products were crafted, Monica Vinader is ahead of the pack in a jewellery sector under pressure to prove its gems aren’t linked to human rights abuses and environmental degradation.
Where Does Your Necklace Come From?
With new digital ‘passports’ that disclose where its products were crafted, Monica Vinader is ahead of the pack in a jewellery sector under pressure to prove its gems aren’t linked to human rights abuses and environmental degradation.
Retail
Why Kate Spade Doesn’t Need a Creative Director
Under CEO Liz Fraser, the Tapestry-owned handbag brand has hired two new designers and plans to expand its lifestyle offerings once again.
Why Kate Spade Doesn’t Need a Creative Director
Under CEO Liz Fraser, the Tapestry-owned handbag brand has hired two new designers and plans to expand its lifestyle offerings once again.
Global Markets
US Demand to Lift India’s Lab-Made Diamond Exports to $8 Billion
Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 billion in the prior year, Vipul Shah, vice chairman of the Gem & Jewellery Export Promotion Council, said in an interview.
US Demand to Lift India’s Lab-Made Diamond Exports to $8 Billion
Exports of polished lab-grown diamonds may double in the current financial year started April 1 from $1.3 billion in the prior year, Vipul Shah, vice chairman of the Gem & Jewellery Export Promotion Council, said in an interview.
Luxury
Hermès Demand for Luxury Watches and Clothes Soars, Boosting Profit
The French company’s shares soared as much as 8.5 percent after it said its recurring operating margin reached a historical high of 42 percent, up from 41 percent a year earlier.
Hermès Demand for Luxury Watches and Clothes Soars, Boosting Profit
The French company’s shares soared as much as 8.5 percent after it said its recurring operating margin reached a historical high of 42 percent, up from 41 percent a year earlier.
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.