Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
watches
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.
Luxury
Hodinkee: Cultivating the Next Generation of Watch Fans
Toby Bateman, CEO of the content-and-commerce watch universe Hodinkee, explains how the growth of e-commerce and community-based retail is primed to shift the business of watches in the years to come.
Hodinkee: Cultivating the Next Generation of Watch Fans
Toby Bateman, CEO of the content-and-commerce watch universe Hodinkee, explains how the growth of e-commerce and community-based retail is primed to shift the business of watches in the years to come.
Luxury
Christopher Ward: Probing Data to Remain Distinctive
As competitors proliferate, the UK company with its own in-house Swiss-made movement remains committed to the digital direct-to-consumer model it helped pioneer but CEO Mike France says data-driven innovation will set the brand apart for its next chapter.
Christopher Ward: Probing Data to Remain Distinctive
As competitors proliferate, the UK company with its own in-house Swiss-made movement remains committed to the digital direct-to-consumer model it helped pioneer but CEO Mike France says data-driven innovation will set the brand apart for its next chapter.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.