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
News & Analysis
Swiss Watch Exports Have Biggest Monthly Gain Since 2013
The latest export figures underline the industry’s recovery after it exited its longest slump on record earlier this year.
Swiss Watch Exports Have Biggest Monthly Gain Since 2013
The latest export figures underline the industry’s recovery after it exited its longest slump on record earlier this year.
News & Analysis
Small Independent Watch Shops Are Doomed, Cartier Maker Says
Richemont's chief financial officer warned that consolidation of bigger players and an emerging online watch market places the traditional wholesale trade under threat.
Small Independent Watch Shops Are Doomed, Cartier Maker Says
Richemont's chief financial officer warned that consolidation of bigger players and an emerging online watch market places the traditional wholesale trade under threat.
News & Analysis
Op-Ed | To Reach Consumers, Richemont's New Leaders Need to Embrace Digital
In an increasingly volatile market, high-end brands need management that can handle the big challenges facing the luxury sector, not least, the growth of digital.
Op-Ed | To Reach Consumers, Richemont's New Leaders Need to Embrace Digital
In an increasingly volatile market, high-end brands need management that can handle the big challenges facing the luxury sector, not least, the growth of digital.
China
Luxury Watch Brands Optimistic for Chinese New Year
Hong Kong traditionally attracts mainland China tourists for shopping during the Chinese New Year season, which kicks off in February.
Luxury Watch Brands Optimistic for Chinese New Year
Hong Kong traditionally attracts mainland China tourists for shopping during the Chinese New Year season, which kicks off in February.
News & Analysis
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
Swatch CEO Says Sales Growth to Accelerate Through Year End
As the Swiss watch industry rebounds from the longest slump since the quartz crisis, wholesalers are no longer holding back on orders to stock up again, Nick Hayek said.
News & Analysis
LVMH's Zenith CEO Embraces Taboos
New Zenith chief executive Julien Tornare is leading the latest attempt to revive the watchmaker as the industry recovers from the biggest slump since the quartz crisis.
LVMH's Zenith CEO Embraces Taboos
New Zenith chief executive Julien Tornare is leading the latest attempt to revive the watchmaker as the industry recovers from the biggest slump since the quartz crisis.
News & Analysis
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
Swatch Shares Drop on Concern New Apple Watch May Be Bigger Hit
Swatch shares dropped as low as 377.3 francs after Apple unveiled its Series 3 watch that can make calls and receive messages without a mobile phone.
News & Analysis
Watch Site Hodinkee Launches Print Magazine
The cult digital watch publication’s biannual print magazine will adapt its online coverage to a lifestyle-focused glossy.
Watch Site Hodinkee Launches Print Magazine
The cult digital watch publication’s biannual print magazine will adapt its online coverage to a lifestyle-focused glossy.
News & Analysis
Op-Ed | Swiss Watch Sparkle Could Be a Fickle Friend
While Swiss watch sales are in better shape than they were a year ago, Richemont and Swatch should be wary of thinking the recovery is assured.
Op-Ed | Swiss Watch Sparkle Could Be a Fickle Friend
While Swiss watch sales are in better shape than they were a year ago, Richemont and Swatch should be wary of thinking the recovery is assured.
Retail
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
News & Analysis
LVMH Aims for Double-Digit Watch Sales Growth in Second Half
After sales rose 13 percent in the first half of 2017, the luxury group predicts a strong end to the year for TAG Heuer, Hublot and Zenith.
LVMH Aims for Double-Digit Watch Sales Growth in Second Half
After sales rose 13 percent in the first half of 2017, the luxury group predicts a strong end to the year for TAG Heuer, Hublot and Zenith.
News & Analysis
Fossil Plunges as 'Unprecedented Disruption' Rocks Watch Company
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
Fossil Plunges as 'Unprecedented Disruption' Rocks Watch Company
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
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.