Hermès Sales Climb, Boosted By US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
watches
Media
Hodinkee Knows How to Talk to Watch Enthusiasts. Can It Attract Everyone Else?
The company’s new leadership says it’s not just for ‘watch nerds’ anymore and is introducing more ambitious editorial content while extending its reach in the secondhand marketplace.
Hodinkee Knows How to Talk to Watch Enthusiasts. Can It Attract Everyone Else?
The company’s new leadership says it’s not just for ‘watch nerds’ anymore and is introducing more ambitious editorial content while extending its reach in the secondhand marketplace.
China
Watches and Wonders Kicks Off Shanghai Event
Watches and Wonders Shanghai, the in-person, invitation-only, five-day watch event kicks off today in the city’s riverside West Bund cultural precinct.
Watches and Wonders Kicks Off Shanghai Event
Watches and Wonders Shanghai, the in-person, invitation-only, five-day watch event kicks off today in the city’s riverside West Bund cultural precinct.
Luxury
Elie Saab Expands Into Fine Watches With Global Partnership
The eveningwear brand has entered into a global licensing agreement with Blackbox Global Luxury Group (GLG), which specialises in the high-end segment of designer and contemporary brands.
Elie Saab Expands Into Fine Watches With Global Partnership
The eveningwear brand has entered into a global licensing agreement with Blackbox Global Luxury Group (GLG), which specialises in the high-end segment of designer and contemporary brands.
Workplace & Talent
Ginny Wright Appointed CEO of Audemars Piguet North America
Wright joins the Swiss watchmaker on January 18 from L’Oréal USA, where she was most recently president of skin care brand Kiehl’s.
Ginny Wright Appointed CEO of Audemars Piguet North America
Wright joins the Swiss watchmaker on January 18 from L’Oréal USA, where she was most recently president of skin care brand Kiehl’s.
Luxury
Hodinkee Raises $40 Million and Hires Mr Porter’s Toby Bateman as CEO
The online destination for high-end new and vintage watch fans, founded by Benjamin Clymer in 2008, is aiming to scale its content-meets-commerce model in a challenging watches market.
Hodinkee Raises $40 Million and Hires Mr Porter’s Toby Bateman as CEO
The online destination for high-end new and vintage watch fans, founded by Benjamin Clymer in 2008, is aiming to scale its content-meets-commerce model in a challenging watches market.
News & Analysis
How Is Fashion Voting in the US Election?
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
How Is Fashion Voting in the US Election?
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
Luxury
Kering-Owned Swiss Watch Brands Cut Staff by 25%
Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.
Kering-Owned Swiss Watch Brands Cut Staff by 25%
Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.
Luxury
Luxury Events Are Back. Is the Industry Ready?
This week, everyone will be talking about the first Swiss watch fair since the pandemic, a slew of American retail earnings and China's Qixi festival. Get your BoF Professional Cheat Sheet.
Luxury Events Are Back. Is the Industry Ready?
This week, everyone will be talking about the first Swiss watch fair since the pandemic, a slew of American retail earnings and China's Qixi festival. Get your BoF Professional Cheat Sheet.
Retail
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
Workplace & Talent
Richemont Signals HR Shakeup After Reports of Bonus Controversy
The Swiss luxury-goods maker’s employees are reportedly frustrated about increases in senior executive compensation when most directors got pay cuts.
Richemont Signals HR Shakeup After Reports of Bonus Controversy
The Swiss luxury-goods maker’s employees are reportedly frustrated about increases in senior executive compensation when most directors got pay cuts.
Fashion Week
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Global Markets
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
The News in Brief
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.
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.