Swiss Watchmakers Battle for Their Future
The sector is facing double-digit sales declines and a crisis of relevance. ‘A watch has become a cultural object of sophistication… but culture has to constantly reinvent, otherwise it can disappear,’ said former Cartier boss Cyrille Vigneron.
Ulysse Nardin and Girard-Perregaux Chart a Post-Kering Future
Two underdog watchmakers with centuries-old histories have had to furlough workers in a slowing luxury market. But CEO Patrick Pruniaux sees opportunity ahead as the brands endeavour to stand on their own in the wake of a sale by Gucci-owner Kering.
Ulysse Nardin and Girard-Perregaux Chart a Post-Kering Future
Two underdog watchmakers with centuries-old histories have had to furlough workers in a slowing luxury market. But CEO Patrick Pruniaux sees opportunity ahead as the brands endeavour to stand on their own in the wake of a sale by Gucci-owner Kering.
Kering-Owned Swiss Watch Brands Cut Staff by 25%
Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.
Luxury Watch Brands to Stage New Event Following Baselworld Cancellation
Bulgari organised the event, Geneva Watch Days, after the coronavirus outbreak forced the cancellation of other industry gatherings. Eight brands have signed on so far.
Why Has Apple Been Poaching Fashion Execs?
Before the launch of Apple’s Watch, the company made a slew of fashion and luxury hires. But the moves at the notoriously secretive Apple are about more than wearable tech.
Power Moves | Sass & Bide Founders Exit, Kors Taps Brashear to Lead Men's, LVMH Exec Joins Apple
BoF compiles the most important professional moves of the week.
Bits & Bytes | Apple Fashion, Adidas Wearables, RetailNext Raises $30M
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
