Baccarat names Laurence Nicolas as CEO
Published November 21, 2024 Baccarat announced on Thursday that Maggie Henriquez will step down as CEO in February 2025, and named Laurence Nicolas to assume the role. Baccarat names Laurence …
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All Rolex Submariner watches ever made are now near a total $50 billion market value
By Bloomberg Published November 13, 2024 The total market value of all Rolex Submariner watches ever made is almost $50 billion, based on analysis of the first-ever release of production …
Aga Khan emerald fetches record $9 mn in Geneva auction
By AFP Published November 12, 2024 A rare square 37-carat emerald owned by the Aga Khan fetched nearly nine million dollars at auction in Geneva on Tuesday, making it the …
Historic F.P. Journe wristwatch sells for record $8.4 million
By Bloomberg Published November 10, 2024 A historically important wristwatch made by independent French watchmaker Francois-Paul Journe sold for a record at auction in Geneva, fetching 7.32 million Swiss francs …
Richemont sees ups and downs in H1 but US market, Alaïa and Peter Millar are strong
Published November 8, 2024 Luxury giant Richemont talked of “sustained resilience” in the six months to the end of September on Friday, but that couldn’t disguise the fact that the …
Cucinelli says luxury group’s go-slow approach in China will help protect brand
By Bloomberg Published October 28, 2024 Luxury cashmere maker Brunello Cucinelli SpA is taking a go-slow approach to new openings in China as it looks to protect the brand’s cachet. …
How luxury labels use pop-up stores to epitomise prestige, revitalise sales
Translated by Nicola Mira Published October 21, 2024 Following the pandemic, luxury labels have opened a huge number of pop-up stores, especially focusing on beach clubs, hotels and seaside resorts …
LVMH investors jittery over anaemic China demand for European designer goods
By Reuters Published October 14, 2024 Investors in French luxury group LVMH are eager for signs that China’s new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers …
Used luxury watch prices stabilize, boosted by Patek Philippe
By Bloomberg Published October 9, 2024 Prices for used luxury watches rose modestly last month, led by Patek Philippe, as the market continues to stabilize after two-and-a-half years of decline. …
Luxury stocks are heading to the clearance bin
By Bloomberg Published September 24, 2024 The best luxury brands rarely go on sale. Not so their share prices. Valuations across the sector have tumbled on a deteriorating Chinese economy and …