Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
luxury / Watches
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.
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.
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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.
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.
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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.
Luxury
What Should a 21st Century Mechanical Watch Look Like?
Perhaps more like a screen. A decade after Apple Watch, industrial design legend Marc Newson returns to watchmaking to partner with Ressence, the Belgian startup known for its dome-like crystal designs. Newson aims to challenge a watchmaking industry that’s become obsessed with technical innovation at the expense of design.
What Should a 21st Century Mechanical Watch Look Like?
Perhaps more like a screen. A decade after Apple Watch, industrial design legend Marc Newson returns to watchmaking to partner with Ressence, the Belgian startup known for its dome-like crystal designs. Newson aims to challenge a watchmaking industry that’s become obsessed with technical innovation at the expense of design.
Luxury
Opinion: Cartier Is Becoming Gen Z’s Rolex With Help from Taylor Swift
Young buyers are increasingly opting for smaller, dressier timepieces, boosting Cartier-owner Richemont’s sales, says Andrea Felsted.
Opinion: Cartier Is Becoming Gen Z’s Rolex With Help from Taylor Swift
Young buyers are increasingly opting for smaller, dressier timepieces, boosting Cartier-owner Richemont’s sales, says Andrea Felsted.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
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.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.