Watches
The latest news
Global labels among Matches creditors to get back very little, offers come in
A new filing by Matches' administrators shows there’s been plenty of interest in buying it but that even if it was sold as a going concern, any new owner would have to deal with its severely dented reputation.
Luxury
Saks launches Saks Media Network
Saks unveiled on Tuesday the Saks Media Network, a new initiative aimed at assisting brands in reaching Saks' affluent customer base through digital advertising across the shopping journey.
Luxury
Kering warns profit to tumble following Gucci woes in China
Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products.
Luxury
Tapestry and Capri Holdings defend merger plans after FTC bombshell
After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, both companies have issued statements defending their plans.
Luxury
Central's search for new Selfridges partner goes on, reportedly in talks with possible buyers
Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa.
Fashion
LVMH highlights its socio-economic impact at its Annual General Meeting
For once, Bernard Arnault, CEO of the world's number one luxury goods group, and his teams emphasised the group's social approach at its Annual General Meeting in Paris on Thursday morning.
Luxury
Swiss watch exports plunge as China and Hong Kong demand dries up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Luxury
Valentino is new International Booker Prize event sponsor
Valentino has formed a new cultural partnership and has been announced as the sponsor of the International Booker Prize 2024 ceremony.
Luxury
Harvey Nichols names Alexander McQueen exec Goddard as its new CEO
Harvey Nichols has faced tough conditions in recent years but it’s now hoping for better times ahead with the announcement of a new CEO from one of luxury's major labels.
Fashion
Swiss watch brands making time for India
Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports.
Luxury
Valentino new London flagship debuts on Sloane Street
Valentino has opened the doors of a major new flagship on upscale Sloane Street in London, which it said continues the label’s “evolution towards a more intimate, design-led retail dimension”.
Fashion
Geneva watch fair ticking over after sales boom years
The 2024 Geneva watch fair opened on Tuesday amid slower demand in China for fancy Swiss timepieces and timid consumer spending across the board on luxury items.
Luxury
'Market of Fakes' in Naples, capital of counterfeits and Camorra
As top brands like Gucci and Prada prepare to report billions in sales this month, luxury fakes on the streets of Naples are also yielding a jaw-dropping cash stream -- for the mafia.
Luxury
Mytheresa among those mulling YNAP buy - report
Richemont’s renewed attempts to divest Yoox Net-A-Porter have attracted the attention of luxury rival Mytheresa, a report has claimed. It's believed to be among potential bidders to buy loss-making e-tail giant YNAP.
Fashion
Grosvenor signs up Bulgari for San Francisco store
UK-based Grosvenor may be best known for its ownership of vast tracts of London’s West End but it also has major international businesses and one of them has struck a key deal with Bulgari.
Luxury
Movado Group names new president of North America sales
Movado Group has announced the appointment of Debbie Forman-Pavan to the role of president of North America sales.
Fashion