Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
watches
Luxury
The Record Rush to Buy a Rolex or a Patek Philippe Is Over
“What we saw in 2021 and 2022 was out of the norm,” said Francois-Henry Bennahmias, chief executive officer of Audemars Piguet.
The Record Rush to Buy a Rolex or a Patek Philippe Is Over
“What we saw in 2021 and 2022 was out of the norm,” said Francois-Henry Bennahmias, chief executive officer of Audemars Piguet.
Luxury
Rolex Prices Drop as Cheaper Rivals Outperform
Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better.
Rolex Prices Drop as Cheaper Rivals Outperform
Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better.
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.
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.