Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
watches
China
Alibaba Sues Two Vendors Who it Says Sold Fake Watches
Alibaba Group Holding Ltd has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform.
Alibaba Sues Two Vendors Who it Says Sold Fake Watches
Alibaba Group Holding Ltd has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform.
News & Analysis
Watchmaker Swatch Goes Into Car Batteries as Investors Question Strategy
Investors called the plan expensive and unrealistic and with 2016 group sales predicted to be below last year's 8.45 billion Swiss francs ($8.36 billion).
Watchmaker Swatch Goes Into Car Batteries as Investors Question Strategy
Investors called the plan expensive and unrealistic and with 2016 group sales predicted to be below last year's 8.45 billion Swiss francs ($8.36 billion).
News & Analysis
Swiss Watch Exports Poised for Worst Year Since 1984
The value of Switzerland’s watch exports dropped 11 percent in the first 10 months of the year.
Swiss Watch Exports Poised for Worst Year Since 1984
The value of Switzerland’s watch exports dropped 11 percent in the first 10 months of the year.
Luxury
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
News & Analysis
Report: Swiss Watchmaker Breitling is Considering a Sale
The most likely suitors are luxury goods companies rather than private equity firms.
Report: Swiss Watchmaker Breitling is Considering a Sale
The most likely suitors are luxury goods companies rather than private equity firms.
News & Analysis
Richemont Cuts Send Shockwaves From Geneva to Mountain Valleys
Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing.
Richemont Cuts Send Shockwaves From Geneva to Mountain Valleys
Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing.
News & Analysis
Swiss Watch Exports Have Biggest Monthly Drop in Seven Years
Swiss watch exports plunged 16 percent in October, as demand weakened in almost every major market for Rolex and Omega timepieces.
Swiss Watch Exports Have Biggest Monthly Drop in Seven Years
Swiss watch exports plunged 16 percent in October, as demand weakened in almost every major market for Rolex and Omega timepieces.
News & Analysis
Richemont to Cut More Than 200 Swiss Jobs Amid Watch Woes
Richemont plans to cut more than 200 watchmaking jobs in Switzerland, according to the Unia trade union, as the jeweller scales back further in response to weakening demand.
Richemont to Cut More Than 200 Swiss Jobs Amid Watch Woes
Richemont plans to cut more than 200 watchmaking jobs in Switzerland, according to the Unia trade union, as the jeweller scales back further in response to weakening demand.
News & Analysis
Titan: The World's Fifth-Largest Watchmaker Now Wants to Sell Women's Clothing
"After 30 years of selling quartz watches and gold jewellery under brands such as Sonata, Titan, and Tanishq, the company now wants to move to
Titan: The World's Fifth-Largest Watchmaker Now Wants to Sell Women's Clothing
"After 30 years of selling quartz watches and gold jewellery under brands such as Sonata, Titan, and Tanishq, the company now wants to move to
Luxury
Brexit Boosts British Watchmaker Bremont as Swiss Suffer
Aided by a plunge in the pound, UK sales of Bremont watches have surged since the country voted in June to leave the European Union.
Brexit Boosts British Watchmaker Bremont as Swiss Suffer
Aided by a plunge in the pound, UK sales of Bremont watches have surged since the country voted in June to leave the European Union.
News & Analysis
Swiss Watch Exports Fall for 14th Month as Slump Spreads
Swiss watch exports fell for a 14th consecutive month in August as demand weakened from Japan to the US.
Swiss Watch Exports Fall for 14th Month as Slump Spreads
Swiss watch exports fell for a 14th consecutive month in August as demand weakened from Japan to the US.
Luxury
Cartier’s $600,000 Watch Shows Risks of Extending Luxury Brands
Cartier's retrenchment is a cautionary tale for the industry and for businesses in general – a reminder that luxury demand is ephemeral and that stretching a brand beyond its comfort zone carries considerable risk.
Cartier’s $600,000 Watch Shows Risks of Extending Luxury Brands
Cartier's retrenchment is a cautionary tale for the industry and for businesses in general – a reminder that luxury demand is ephemeral and that stretching a brand beyond its comfort zone carries considerable risk.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.