De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
luxury / Watches
Luxury
A Tall To-Do List for New TAG Heuer CEO; Richemont’s Survival Recipe
New CEO Béatrice Goasglas’s experience in client relations and the US market will be put to the test at LVMH’s biggest watch brand TAG Heuer. Plus, a sit-down with two Richemont veterans Jaeger-LeCoultre CEO Jérôme Lambert and A. Lange & Söhne CEO Wilhelm Schmid.
A Tall To-Do List for New TAG Heuer CEO; Richemont’s Survival Recipe
New CEO Béatrice Goasglas’s experience in client relations and the US market will be put to the test at LVMH’s biggest watch brand TAG Heuer. Plus, a sit-down with two Richemont veterans Jaeger-LeCoultre CEO Jérôme Lambert and A. Lange & Söhne CEO Wilhelm Schmid.
Luxury
LVMH Names Béatrice Goasglas CEO of Tag Heuer
Goasglas is set to head the luxury conglomerate’s biggest watch label after the sudden exit of former chief executive Antoine Pin in January.
LVMH Names Béatrice Goasglas CEO of Tag Heuer
Goasglas is set to head the luxury conglomerate’s biggest watch label after the sudden exit of former chief executive Antoine Pin in January.
Luxury
Swatch Group vs Morgan Stanley: It’s Time for Transparency
After Swatch Group launched an attack on Morgan Stanley’s influential annual watch report, Swatch-owned Tissot cracks open the door for a glimpse at some numbers and Robin Swithinbank says it’s time a secretive industry came clean on financials.
Swatch Group vs Morgan Stanley: It’s Time for Transparency
After Swatch Group launched an attack on Morgan Stanley’s influential annual watch report, Swatch-owned Tissot cracks open the door for a glimpse at some numbers and Robin Swithinbank says it’s time a secretive industry came clean on financials.
Luxury
Audemars Piguet’s Plan to Extend Its Winning Streak
The Swiss watchmaker’s revenue grew by 10 percent last year, far outpacing the sector. Robin Swithinbank speaks to CEO Ilaria Resta about how she plans to keep up the momentum.
Audemars Piguet’s Plan to Extend Its Winning Streak
The Swiss watchmaker’s revenue grew by 10 percent last year, far outpacing the sector. Robin Swithinbank speaks to CEO Ilaria Resta about how she plans to keep up the momentum.
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Luxury
For Swatch, the Clock Is Ticking on Strategy Overhaul
Once a global pioneer thanks to its affordable, tech-forward plastic watches of the 1980s, the watchmaker has failed to rekindle innovation since the 2010 death of founder Nicolas Hayek.
For Swatch, the Clock Is Ticking on Strategy Overhaul
Once a global pioneer thanks to its affordable, tech-forward plastic watches of the 1980s, the watchmaker has failed to rekindle innovation since the 2010 death of founder Nicolas Hayek.
Luxury
Swatch Gets Bullish as Activist Pushes for Change
The Swiss watch giant's recent results surprised with an upbeat outlook at a moment when the family in control of the brand is resisting an investor campaign.
Swatch Gets Bullish as Activist Pushes for Change
The Swiss watch giant's recent results surprised with an upbeat outlook at a moment when the family in control of the brand is resisting an investor campaign.
Luxury
Is the Storm Blowing Over for Watchmakers? Yes and No
It’s a case of winners and losers for Swiss watchmakers, as the strongest brands shoot ahead, widening the gap with their smaller rivals, writes Robin Swithinbank. Plus, Rolex’s LIV Golf tie-up and The Honourable Merchants Group’s pause.
Is the Storm Blowing Over for Watchmakers? Yes and No
It’s a case of winners and losers for Swiss watchmakers, as the strongest brands shoot ahead, widening the gap with their smaller rivals, writes Robin Swithinbank. Plus, Rolex’s LIV Golf tie-up and The Honourable Merchants Group’s pause.
Luxury
Opinion: Want That Bargain Rolex? Better Act Fast
After a prolonged slump, the secondary market for luxury watches is recovering, though it remains sensitive to economic instability, writes Andrea Felsted.
Opinion: Want That Bargain Rolex? Better Act Fast
After a prolonged slump, the secondary market for luxury watches is recovering, though it remains sensitive to economic instability, writes Andrea Felsted.
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Luxury
LVMH’s Watches Unit Is Under a Cloud of Uncertainty. What Happens Next?
Robin Swithinbank dials in from LVMH Watch Week in Milan with details on the difficulties at TAG Heuer, Hublot’s new life beyond football and the question of Zenith’s future in the group.
LVMH’s Watches Unit Is Under a Cloud of Uncertainty. What Happens Next?
Robin Swithinbank dials in from LVMH Watch Week in Milan with details on the difficulties at TAG Heuer, Hublot’s new life beyond football and the question of Zenith’s future in the group.
Luxury
TAG Heuer CEO Exits, Adding to LVMH Watches Woes
Antoine Pin has left the helm of LVMH’s biggest watch label, the group confirmed, increasing uncertainty at a watches division already buffeted by a challenging market ahead of the company’s Watch Week showcase in Milan.
TAG Heuer CEO Exits, Adding to LVMH Watches Woes
Antoine Pin has left the helm of LVMH’s biggest watch label, the group confirmed, increasing uncertainty at a watches division already buffeted by a challenging market ahead of the company’s Watch Week showcase in Milan.
Luxury
How Watchmakers Are Dealing With Soaring Gold Prices
As gold tops $4,600 per ounce, executives including Breitling CEO Georges Kern are bracing for a hit to margins. Solutions range from seeking new materials to raising prices or postponing gold purchases.
How Watchmakers Are Dealing With Soaring Gold Prices
As gold tops $4,600 per ounce, executives including Breitling CEO Georges Kern are bracing for a hit to margins. Solutions range from seeking new materials to raising prices or postponing gold purchases.
Luxury
These Rolexes Look Identical. Why Is the Gold One $17,000 Cheaper?
Both the Rolex Day-Date in white gold and its counterpart in platinum are investments, but one trades at a much higher premium to fundamentals, observes Bloomberg’s Felix Salmon.
These Rolexes Look Identical. Why Is the Gold One $17,000 Cheaper?
Both the Rolex Day-Date in white gold and its counterpart in platinum are investments, but one trades at a much higher premium to fundamentals, observes Bloomberg’s Felix Salmon.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.