After sales rose 13 percent in the first half of 2017, the luxury group predicts a strong end to the year for TAG Heuer, Hublot and Zenith.
After sales rose 13 percent in the first half of 2017, the luxury group predicts a strong end to the year for TAG Heuer, Hublot and Zenith.
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
A rebound in Swiss watch sales exonerates Swatch Group CEO who refused to cut his skilled work force when profits were declining.
A rebound in Swiss watch sales exonerates Swatch Group CEO who refused to cut his skilled work force when profits were declining.
An unconventional management structure, combined with serious ongoing business challenges, has upset senior ranks at the Swiss luxury conglomerate.
An unconventional management structure, combined with serious ongoing business challenges, has upset senior ranks at the Swiss luxury conglomerate.
Georges Kern, a 17-year Richemont veteran who was head of watchmaking, marketing and digital, has resigned with immediate effect.
Georges Kern, a 17-year Richemont veteran who was head of watchmaking, marketing and digital, has resigned with immediate effect.
Swiss watch exports fell by 5.7 percent in April, hurt by weakness in the key markets of Hong Kong and the US, raising concerns that a recovery in the industry will take time.
Swiss watch exports fell by 5.7 percent in April, hurt by weakness in the key markets of Hong Kong and the US, raising concerns that a recovery in the industry will take time.
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Swiss watch exports rose for the first time in 21 months in March, ending their longest slump on record as shipments to Hong Kong pulled out of a two-year decline.
Swiss watch exports rose for the first time in 21 months in March, ending their longest slump on record as shipments to Hong Kong pulled out of a two-year decline.
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
A Swiss industry group has published the findings of the first comprehensive effort to classify high-end Swiss brands in a business where the perception of exclusivity equals all-important bragging rights.
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.