Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.

Elbaz is the next designer to take part in the Italian brand’s Tod’s Factory project, which consists of capsule collections released throughout the year in a bid to keep pace with a fast-moving fashion market, reverse falling sales and rejuvenate the Tod’s brand.

With many 2018 results falling short of forecasts, brands are coupling optimism for the year ahead with new retail strategies, in an attempt to maintain growth trajectories.

The chief executive of Berluti, chairman of Loro Piana and head of communication and image for LVMH, which his father Bernard Arnault controls, has taken a minority stake in the historic Paris restaurant, BoF has learned.

This week, we meet BoF Professional member Lynda Petherick, UK fashion and luxury practice lead at global consultancy firm Accenture.

The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.

The designer, who late last week was rumoured to exit the company, says he plans to 'focus on other projects' following his departure.

Traders suspect a 'fat finger' erroneous trade caused the drop, which the luxury group has since recovered from.

The high-end department store launched a range of pot-themed products this week in the latest sign that the drug is moving up the social ladder.

Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.

Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.

Brands like Dior, Chanel and Yves Saint Laurent have always sold a piece of Paris — the world’s temple to luxury fashion — along with their handbags. But France’s bi-polar relationship with luxury is boiling over once again.

The case highlights the challenge faced by brands in China, whose products run the risk of being copied.
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
Performance was weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1 percent decline in revenue during the quarter.
The Indian brand will hold a special event at the Florence show.
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.
Revenue rose 7.2 percent, beating analysts' estimates.