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.
watches
Sustainability
Apple Ditches Leather for New Products
The tech giant said Tuesday that it would no longer use leather in any new products, including watch straps — part of efforts to reduce its environmental footprint.
Apple Ditches Leather for New Products
The tech giant said Tuesday that it would no longer use leather in any new products, including watch straps — part of efforts to reduce its environmental footprint.
Luxury
Blancpain and Swatch Collaboration Sparks Another Sales Surge
The Swatch brand’s latest collaboration, a tie-up with the luxury diving watch Blancpain, debuted Saturday with thousands queuing at stores from Sydney to Tokyo and at major European cities for a chance to buy the timepiece.
Blancpain and Swatch Collaboration Sparks Another Sales Surge
The Swatch brand’s latest collaboration, a tie-up with the luxury diving watch Blancpain, debuted Saturday with thousands queuing at stores from Sydney to Tokyo and at major European cities for a chance to buy the timepiece.
Luxury
LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs
The company has eliminated about two dozen positions, according to people familiar with the matter.
LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs
The company has eliminated about two dozen positions, according to people familiar with the matter.
Luxury
Director Purchases Fuel Surge in Watches of Switzerland Shares
Chief financial officer Anders Romberg, chairman Ian Carter and non-executive directors Tea Colaianni and Robert Moorhead spent an aggregate of about £890,000 ($1.1 million) buying more than 150,000 shares on Friday, filings to the London Stock Exchange showed on Monday.
Director Purchases Fuel Surge in Watches of Switzerland Shares
Chief financial officer Anders Romberg, chairman Ian Carter and non-executive directors Tea Colaianni and Robert Moorhead spent an aggregate of about £890,000 ($1.1 million) buying more than 150,000 shares on Friday, filings to the London Stock Exchange showed on Monday.
Luxury
Rolex and Patek Prices Keep Falling as Cartier Shines
The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded watches on the secondary market by value, declined by 1.1 percent in a month. But mid-tier timepieces from brands like Cartier outperformed.
Rolex and Patek Prices Keep Falling as Cartier Shines
The Bloomberg Subdial Watch Index, which tracks prices for the 50 most traded watches on the secondary market by value, declined by 1.1 percent in a month. But mid-tier timepieces from brands like Cartier outperformed.
Luxury
Rolex Thefts on Rise as Luxury Watches Worth £1 Billion Missing
Around 80,000 watches have been registered as stolen or missing with The Watch Register, a company that helps owners, auction houses and dealers identify stolen timepieces for a fee.
Rolex Thefts on Rise as Luxury Watches Worth £1 Billion Missing
Around 80,000 watches have been registered as stolen or missing with The Watch Register, a company that helps owners, auction houses and dealers identify stolen timepieces for a fee.
Luxury
Omega, Cartier Watch Models Gain as Rolex Keeps Falling
Some mid-tier priced luxury watches including models by Omega and Cartier outperformed as prices for the most popular and higher-end Rolex, Patek Philippe and Audemars Piguet models kept falling on the secondary market.
Omega, Cartier Watch Models Gain as Rolex Keeps Falling
Some mid-tier priced luxury watches including models by Omega and Cartier outperformed as prices for the most popular and higher-end Rolex, Patek Philippe and Audemars Piguet models kept falling on the secondary market.
Luxury
Report: Rolex, Patek Philippe Prices to Keep Falling Amid High Inventories
Total supply on the secondhand market is starting to decline but overall inventory levels remain elevated, the report from Morgan Stanley analysts led by Edouard Aubin and WatchCharts said.
Report: Rolex, Patek Philippe Prices to Keep Falling Amid High Inventories
Total supply on the secondhand market is starting to decline but overall inventory levels remain elevated, the report from Morgan Stanley analysts led by Edouard Aubin and WatchCharts said.
Retail
Swiss Watch Exports Jump Again in June as Demand Stays Strong
The increase underscores continued demand for expensive watches from brands including Rolex, Omega, Patek Philippe and Vacheron Constantin despite concerns that shaky economic growth and higher prices might stall consumer interest.
Swiss Watch Exports Jump Again in June as Demand Stays Strong
The increase underscores continued demand for expensive watches from brands including Rolex, Omega, Patek Philippe and Vacheron Constantin despite concerns that shaky economic growth and higher prices might stall consumer interest.
Luxury
Omega Raises Luxury Watch Prices as Other Swatch Brands Struggle
Omega, the Swiss watch brand known for its Speedmaster and Seamaster models, raised prices by as much as 8 percent in a move that could hurt sales, according to investment bank Morgan Stanley.
Omega Raises Luxury Watch Prices as Other Swatch Brands Struggle
Omega, the Swiss watch brand known for its Speedmaster and Seamaster models, raised prices by as much as 8 percent in a move that could hurt sales, according to investment bank Morgan Stanley.
Luxury
Swiss Watch Exports Jump Again in May as US Demand Rebounds
Shipments surged by 14 percent last month to 2.3 billion francs ($2.6 billion) in value, the Federation of the Swiss Watch Industry said Tuesday.
Swiss Watch Exports Jump Again in May as US Demand Rebounds
Shipments surged by 14 percent last month to 2.3 billion francs ($2.6 billion) in value, the Federation of the Swiss Watch Industry said Tuesday.
Luxury
Inside Chanel’s ‘Ultimate Luxury’ Push: Jewellery, But Make It Tweed
The French house showcased its new Tweed-inspired high jewellery collection in London this week. CEO Frédéric Grangie sees the ‘booming’ category as a key opportunity to elevate the Chanel brand.
Inside Chanel’s ‘Ultimate Luxury’ Push: Jewellery, But Make It Tweed
The French house showcased its new Tweed-inspired high jewellery collection in London this week. CEO Frédéric Grangie sees the ‘booming’ category as a key opportunity to elevate the Chanel brand.
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.