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
Luxury
Swiss Watch Exports to US Suffer First Drop In Two Years
Monthly Swiss watch exports to the US declined for the first time in more than two years, signalling a slowdown in demand from the biggest market for pricey timepieces.
Swiss Watch Exports to US Suffer First Drop In Two Years
Monthly Swiss watch exports to the US declined for the first time in more than two years, signalling a slowdown in demand from the biggest market for pricey timepieces.
Luxury
Rare Rolex Milgauss Fetches Record $2.5 Million at Auction
A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists.
Rare Rolex Milgauss Fetches Record $2.5 Million at Auction
A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists.
Luxury
Swiss Watch CEOs From Patek to Oris See Slowdown After Boom
“I see in the past two months, the market is a little bit slower than before,” said Thierry Stern, the chairman and controlling shareholder of Patek Philippe SA, the family-owned Geneva-based brand.
Swiss Watch CEOs From Patek to Oris See Slowdown After Boom
“I see in the past two months, the market is a little bit slower than before,” said Thierry Stern, the chairman and controlling shareholder of Patek Philippe SA, the family-owned Geneva-based brand.
Luxury
Patek Philippe Looks Beyond Nautilus and a Prototype Is Ready
Patek Philippe SA will soon introduce a new model line for the first time in nearly a quarter century, a fresh offering that the head of the family-owned Swiss watchmaker expects could one day compete with its most desirable timepieces.
Patek Philippe Looks Beyond Nautilus and a Prototype Is Ready
Patek Philippe SA will soon introduce a new model line for the first time in nearly a quarter century, a fresh offering that the head of the family-owned Swiss watchmaker expects could one day compete with its most desirable timepieces.
Global Markets
Is This Luxury’s Watershed Moment in India?
Brands like Dior and Valentino are banking on India’s high growth potential, but it will take more than dazzling shows and sleek stores to turn this complex market into a major revenue source.
Is This Luxury’s Watershed Moment in India?
Brands like Dior and Valentino are banking on India’s high growth potential, but it will take more than dazzling shows and sleek stores to turn this complex market into a major revenue source.
Luxury
Rolex, Patek Investment Beats S&P Gains Over Five Years
Prices for Rolex, Patek Philippe and Audemars Piguet watches appreciated by an average of 20 percent a year since mid-2018, outpacing the S&P 500 Index, as values for pre-owned luxury timepieces surged, a new report shows.
Rolex, Patek Investment Beats S&P Gains Over Five Years
Prices for Rolex, Patek Philippe and Audemars Piguet watches appreciated by an average of 20 percent a year since mid-2018, outpacing the S&P 500 Index, as values for pre-owned luxury timepieces surged, a new report shows.
Luxury
Watchfinder Cuts Prices 15% as Rolex and Patek Philippe Values Slide
Watchfinder & Co., the online pre-owned watch-selling platform controlled by luxury conglomerate Richemont, has dropped prices by about 15 percent as valuations of used Rolex and other top models have declined.
Watchfinder Cuts Prices 15% as Rolex and Patek Philippe Values Slide
Watchfinder & Co., the online pre-owned watch-selling platform controlled by luxury conglomerate Richemont, has dropped prices by about 15 percent as valuations of used Rolex and other top models have declined.
Workplace & Talent
How I Became... Chief Executive of Hodinkee
From working on the shop floor at Louis Vuitton to holding executive roles at Tag Heuer, Cartier, Tesla and Farfetch, Jeffery Fowler shares his career advice on advancing through the ranks in luxury retail.
How I Became... Chief Executive of Hodinkee
From working on the shop floor at Louis Vuitton to holding executive roles at Tag Heuer, Cartier, Tesla and Farfetch, Jeffery Fowler shares his career advice on advancing through the ranks in luxury retail.
Luxury
Swatch Group Raises Prices For Omega SpeedMaster Watches, Following Rolex’s Lead
Luxury watch conglomerate Swatch Group AG raised prices across a slew of its brands, increasing the cost of the flagship Omega Speedmaster by about 7 percent in the UK and Europe, according to investment bank Jefferies.
Swatch Group Raises Prices For Omega SpeedMaster Watches, Following Rolex’s Lead
Luxury watch conglomerate Swatch Group AG raised prices across a slew of its brands, increasing the cost of the flagship Omega Speedmaster by about 7 percent in the UK and Europe, according to investment bank Jefferies.
Luxury
Rolex Reseller Chrono24 Cuts Jobs as Pre-Owned Watch Prices Fall
Chrono24 GmbH, the biggest dedicated online marketplace for luxury watches, cut about 13 percent of its workforce after prices for the most sought-after Rolex, Patek Philippe and Audemars Piguet timepieces plunged.
Rolex Reseller Chrono24 Cuts Jobs as Pre-Owned Watch Prices Fall
Chrono24 GmbH, the biggest dedicated online marketplace for luxury watches, cut about 13 percent of its workforce after prices for the most sought-after Rolex, Patek Philippe and Audemars Piguet timepieces plunged.
Technology
What Happened to Crypto’s Luxury Shoppers
The crypto market’s dramatic decline hasn’t totally curbed its wild spending, though it does look to be shifting its predilection for loud luxury toward a more discrete sense of style.
What Happened to Crypto’s Luxury Shoppers
The crypto market’s dramatic decline hasn’t totally curbed its wild spending, though it does look to be shifting its predilection for loud luxury toward a more discrete sense of style.
Luxury
Rolex Gets More Expensive in UK and US With Latest Price Hikes
Rolex SA raised prices in the US and UK by an average of about 2.5 percent, the latest increases for the top Swiss watch brand, according to analysts at Barclays.
Rolex Gets More Expensive in UK and US With Latest Price Hikes
Rolex SA raised prices in the US and UK by an average of about 2.5 percent, the latest increases for the top Swiss watch brand, according to analysts at Barclays.
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.