OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Swiss watchmaker Audemars Piguet is on track to hit 1 billion Swiss francs ($1.04 billion) in global sales this year, the firm’s chief executive said, amid a revival in luxury demand in China driving up watch sales.
Mayfair and Belgravia's biggest landlord is investing £1bn in upgrading the neighbourhood with heavy investment in boosting connectivity, improving retail stores and adding experiential spaces to boost the area's appeal.
The Paramus, New Jersey-based watchmaker reported its fourth quarter and full fiscal year 2018 results on Thursday, announcing a sales increase of 14.1% in Q4, driven by strong performances in its European subsidiaries.
Jared The Galleria of Jewelry has launched the first luxury watch trade-in program of its kind for its retail stores through a partnership with luxury watch consignment and resale site Crown & Caliber.