Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
watches
Luxury
Swiss Watchmakers Are Targeting Teens
After falling behind with millennials, the industry tries to secure a future generation of customers via school sponsorships and social media strategies.
Swiss Watchmakers Are Targeting Teens
After falling behind with millennials, the industry tries to secure a future generation of customers via school sponsorships and social media strategies.
News & Analysis
Swatch CEO Sees Double-Digit Growth Continuing This Year
Swatch's bullish outlook came as the Swiss watch industry reported March exports rose 4.8 percent compared with a year earlier.
Swatch CEO Sees Double-Digit Growth Continuing This Year
Swatch's bullish outlook came as the Swiss watch industry reported March exports rose 4.8 percent compared with a year earlier.
China
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Luxury
Luxury Watchmakers Step Up E-Commerce Investment
Courting younger shoppers, brands are joining an online push sweeping the luxury goods world, where web sales are already major growth drivers for fashion labels.
Luxury Watchmakers Step Up E-Commerce Investment
Courting younger shoppers, brands are joining an online push sweeping the luxury goods world, where web sales are already major growth drivers for fashion labels.
News & Analysis
Improving Swiss Watch Exports Lift Mood at Baselworld
Exports are up 12.9 percent year-on-year confirming gradual industry recovery, fuelled by demand from Chinese shoppers.
Improving Swiss Watch Exports Lift Mood at Baselworld
Exports are up 12.9 percent year-on-year confirming gradual industry recovery, fuelled by demand from Chinese shoppers.
News & Analysis
Swatch Says Its Low-End Brands Are Sweeping Up Market Share
Switzerland’s largest watchmaker reported an increase in profit for the first time in four years, thanks to growth at Tissot and its namesake brand.
Swatch Says Its Low-End Brands Are Sweeping Up Market Share
Switzerland’s largest watchmaker reported an increase in profit for the first time in four years, thanks to growth at Tissot and its namesake brand.
Luxury
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
News & Analysis
Cartier CEO Says Watch Inventory Levels Are Healthy
The brand no longer needs to carry out buybacks in order to balance out stock levels globally, said Cyrille Vigneron, the head of the Richemont-owned label.
Cartier CEO Says Watch Inventory Levels Are Healthy
The brand no longer needs to carry out buybacks in order to balance out stock levels globally, said Cyrille Vigneron, the head of the Richemont-owned label.
News & Analysis
Montblanc Expands Sports Watches in Rolex and Breitling Price Range
The Richemont-owned brand is introducing a line of Timewalker sports watches with a mountain-climbing theme this year, sharpening its focus on the €4,000 to €6,000 price range.
Montblanc Expands Sports Watches in Rolex and Breitling Price Range
The Richemont-owned brand is introducing a line of Timewalker sports watches with a mountain-climbing theme this year, sharpening its focus on the €4,000 to €6,000 price range.
News & Analysis
LVMH Watch and Jewellery Sales up More Than 10 Percent in 2017
Swiss-made luxury timepieces are emerging from a severe downturn as Chinese demand picks up and the industry's biggest market, Hong Kong, returns to growth.
LVMH Watch and Jewellery Sales up More Than 10 Percent in 2017
Swiss-made luxury timepieces are emerging from a severe downturn as Chinese demand picks up and the industry's biggest market, Hong Kong, returns to growth.
News & Analysis
Swiss Watchmaker IWC Opens Bar to Lure High-Spending Clients
IWC is experimenting with new ways of attracting shoppers, such as trying to sell experiences rather than just products.
Swiss Watchmaker IWC Opens Bar to Lure High-Spending Clients
IWC is experimenting with new ways of attracting shoppers, such as trying to sell experiences rather than just products.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.