The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
watches
Topics
LVMH’s Hublot to Raise Watch Prices as Inflation Hits Luxury
The Swiss watchmaker is boosting prices for all of its timepieces, Hublot Chief Executive Officer Ricardo Guadalupe said.
LVMH’s Hublot to Raise Watch Prices as Inflation Hits Luxury
The Swiss watchmaker is boosting prices for all of its timepieces, Hublot Chief Executive Officer Ricardo Guadalupe said.
Luxury
The Luxury Watch Craze, By the Numbers
Pricey watches like Rolex, Patek Philippe and Audemars Piguet are flying off the shelves while customers leave their cheaper counterparts behind.
The Luxury Watch Craze, By the Numbers
Pricey watches like Rolex, Patek Philippe and Audemars Piguet are flying off the shelves while customers leave their cheaper counterparts behind.
Retail
Swiss Watch Exports Have Record Year as US Becomes Top Market
Shipments rose 31 percent to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said Thursday.
Swiss Watch Exports Have Record Year as US Becomes Top Market
Shipments rose 31 percent to 22.3 billion francs ($24.1 billion) last year, the Federation of the Swiss Watch Industry said Thursday.
Retail
Swatch Group Returns to Profit, Sees Strong Sales Ahead
Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021.
Swatch Group Returns to Profit, Sees Strong Sales Ahead
Swiss watchmaker Swatch Group said it expected double-digit sales growth in local currencies this year after sales and profits recovered in 2021.
Luxury
Sales of LVMH’s Hublot, Bulgari Watches Top Pre-Pandemic Levels
Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong US demand, company executives told Reuters.
Sales of LVMH’s Hublot, Bulgari Watches Top Pre-Pandemic Levels
Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong US demand, company executives told Reuters.
Luxury
Kering to Sell Girard-Perregaux and Ulysse Nardin Divisions
French luxury goods group Kering said it had agreed to sell its Swiss watch manufacturing brands Girard-Perregaux and Ulysse Nardin to the management teams that run the watchmakers.
Kering to Sell Girard-Perregaux and Ulysse Nardin Divisions
French luxury goods group Kering said it had agreed to sell its Swiss watch manufacturing brands Girard-Perregaux and Ulysse Nardin to the management teams that run the watchmakers.
Luxury
Patek Philippe and Tiffany & Co. Announce the Last-Ever Nautilus 5711
Patek Philippe announced a new limited-edition 5711 with a blue dial. Tiffany & Co. is the only retailer in the world with the right to co-brand timepieces with Patek Philippe.
Patek Philippe and Tiffany & Co. Announce the Last-Ever Nautilus 5711
Patek Philippe announced a new limited-edition 5711 with a blue dial. Tiffany & Co. is the only retailer in the world with the right to co-brand timepieces with Patek Philippe.
Luxury
Richemont Under Pressure
Cartier’s sales are booming, but its Swiss owner faces mounting pressure to clean house. Activist shareholders are likely to put governance issues and steep losses at YNAP into the spotlight.
Richemont Under Pressure
Cartier’s sales are booming, but its Swiss owner faces mounting pressure to clean house. Activist shareholders are likely to put governance issues and steep losses at YNAP into the spotlight.
Luxury
Chiara Ferragni Becomes Hublot’s New Global Ambassador
Italian fashion influencer Chiara Ferragni has become the new global ambassador for Swiss luxury watchmaker Hublot, joining soccer legend Pele, tennis star Novak Djokovic, among others.
Chiara Ferragni Becomes Hublot’s New Global Ambassador
Italian fashion influencer Chiara Ferragni has become the new global ambassador for Swiss luxury watchmaker Hublot, joining soccer legend Pele, tennis star Novak Djokovic, among others.
Luxury
Online Watch Marketplace Chrono24 Surpasses $1 Billion Valuation In New Funding Round
The company raised more than €100 million, attracting investment from LVMH chief executive Bernard Arnault’s family office.
Online Watch Marketplace Chrono24 Surpasses $1 Billion Valuation In New Funding Round
The company raised more than €100 million, attracting investment from LVMH chief executive Bernard Arnault’s family office.
Luxury
Net-a-Porter and Mr Porter Partner with Watchfinder to Launch Collection
Both luxury multi-brand e-tailers will debut the collection in the US with 15 new brands and 108 models, including limited edition and rare discontinued time pieces.
Net-a-Porter and Mr Porter Partner with Watchfinder to Launch Collection
Both luxury multi-brand e-tailers will debut the collection in the US with 15 new brands and 108 models, including limited edition and rare discontinued time pieces.
Luxury
The Future of Watches and Jewellery: Adapting to Rapid Change
The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.
The Future of Watches and Jewellery: Adapting to Rapid Change
The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.
The News in Brief
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.