luxurygoods
Richemont is set to redefine its CEO position and move Nicolas Bos into the role, effective from 1 June. Bos, who has been at the head of Richemont's jewellery brand Van Cleef & Arpels since 2013, will replace the wider firm's current CEO, Jérôme Lambert. As part of a shake-up at the firm, Bos will take on duties not currently performed by Lambert - who will stay on as chief operations officer (COO). "Building on Richemont’s expanded scale and stronger focus on retail and jewellery, Nicolas will steer the Group through the next phase of its evolution," said company chairman Johann Rupert. "The...
Euronews (English)
Burberry has recorded a 40% slide in its pre-tax profits for the financial year ending on 30 March to £383 million (€446.50 million), down from £634 million (€739.04 million) a year earlier. Revenues were down by 4% to £2.97 billion, compared to last year’s £3.09 billion. In a statement, Burberry's CEO Jonathan Akeroyd said: "Executing our plan against a backdrop of slowing luxury demand has been challenging." Burberry is just one of several firms hit by a decline in demand for luxury products as a post-pandemic splurge comes to an end. Gucci-owner Kering recently sounded the alarm over subdue...
Euronews (English)
Shares in Aston Martin plunged by as much as 14% on Wednesday after the struggling luxury carmaker revealed worse than expected first quarter losses. The company said it had sunk £139m (€162.52m) into the red during the first three months of the year, as losses rose almost 90% compared to £74m a year ago. This stemmed from a 10% fall in overall sales to £268m, largely fuelled by a 63% drop in the number of SUVs sold. The results come after the executive chairman of the car maker, Lawrence Stroll, criticised the UK Government’s net zero ban on petrol cars. 'I design James Bond’s car': meet Asto...
Euronews (English)
In the early 1990s, when Caroline Scheufele was still a young designer at her family’s watchmaking business, she realised Chopard did not make the kind of sportier women’s watch she wanted to wear. So, she took matters into her own hands. “I used to do a lot of sports, like skiing and swimming and tennis,” the artistic director and co-president of Chopard told Euronews Culture. “I realised we didn’t have anything cool like a sports ladies’ watch. Everything was sort of delicate with white gold or yellow gold, not even rose gold. So I designed the Happy Sport.” The Happy Sport - first released ...
Euronews (English)
One of the blockbuster releases at this year’s Watches and Wonders trade show is a pocket watch weighing 980 grams with nearly 3000 components. The Berkley Grand Complication took 11 years to develop by three master watchmakers at Vacheron Constantin, a titan in the industry. With 63 complications, it broke the brand’s previously-held record for the “world’s most complicated watch.” (Complication is a technical term given to any function of a watch that goes beyond keeping time.) The pocket watch goes where no watchmaker has gone before, building on Vacheron Constantin’s long history of haute ...
Euronews (English)
Geneva will once again be at the centre of the watchmaking universe this week, as the 2024 edition of Watches and Wonders transforms the Swiss city into a watch lover’s wonderland. The annual trade show is the biggest event of its kind for the Swiss watchmaking industry, and often the occasion for big-name brands to announce major new collections and timepieces. Last year, record numbers of collectors, journalists and members of the public attended the show, as it opened its doors to the public for the first time. The Watches and Wonders Geneva Foundation, which owns and operates the fair, sai...
Euronews (English)
Chinese consumers are becoming more cautious when it comes to spending on big-ticket items such as luxury goods, Swatch has warned. The increased cost of living, as well as a slowing economy still dealing with the lingering effects of the Covid-19 pandemic, have significantly contributed to this, the Swiss watchmaker explained. Increasing youth unemployment, as well as a struggling property sector has ensured that consumers are now thinking much more before making a purchase, preferring to buy fewer but more long-lasting pieces. Deflationary concerns have also led to clients choosing to save a...
Euronews (English)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら