Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
watches
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.
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.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
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.
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.