Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday accessible/mass-market jewelry sales down 2%.
Cartier owner Richemont’s robust results have boosted sentiment about luxury stocks – but are investors getting carried away?
Keen watchers of the global export figures for the Swiss watch industry might conclude that 2024 was a little more challenging than the record-breaking 2023, but nothing to panic about. Total exports for last year ended on CHF 26 billion,
The ceremony, hosted by journalist Cristina d'Agostino, took place at the prestigious Musée international d'horlogerie in La Chaux-de-Fonds, Switzerland. During the evening, six winners took home awar
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier. Read more at The Business Times.
Move over LeBron James, former Terrace old boy Doug Tynan is the new king of bling. The chief investment officer of Sydney-based investment house GCQ Funds Management admits he is receiving a few strange looks for wearing brooches and necklaces made by French luxury fashion house Richemont to meetings.
LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand. Read more at The Business Times.
Swatch Group's sales and profit fell during 2024, the Swiss watchmaker said on Thursday, as improvements in the United States and Japan failed to offset a steep downturn in China. The maker of Omega,
BusinessWire India Mumbai Maharashtra [India] January 30 Since 2021 Tata CLiQ Luxury has examined the ongoing evolution of luxury in India through its annual thought leadership IP The Luxe Life After
The contraction in Swiss watch exports intensified in December with a decline of 5.4%, resulting in a total value of 2.0 billion Swiss francs ($2.21 billion), according to data from the Federation of the Swiss Watch Industry, known as FH. The industry body previously anticipated a negative outlook for the rest of the year.
Zurich - Swiss watch exports contracted by 2.8 percent in 2024 to 25.9 billion Swiss francs (23 billion pounds) due to a drop of more than 25 percent
LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt over a broader sector recovery.