Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
jewellery
Luxury
New Gucci Designer Teases Daria Werbowy Campaign
On Saturday, new Gucci creative director Sabato De Sarno offered a glimpse of his vision for the stalled Italian megabrand, posting an image from a high jewellery campaign starring model Daria Werbowy to his personal Instagram account.
New Gucci Designer Teases Daria Werbowy Campaign
On Saturday, new Gucci creative director Sabato De Sarno offered a glimpse of his vision for the stalled Italian megabrand, posting an image from a high jewellery campaign starring model Daria Werbowy to his personal Instagram account.
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.
The News in Brief
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.
Mco Parent VidaCorp Rebrands to Axia Beauty Group
The company, which also owns brands Nude by Nature and Poni, also announced its new global headquarters and chief marketing officer.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.