The German jewellery brand has announced a new managing director for its UK business, and appointed a new head of wholesale after luxury brand Tag Heuer poached Nick Callegari for a commercial director role.
Global shipments of wearables grew 1.2% in Q1 2018 – snail’s pace progress when compared to the 18% growth reported this time last year –, as consumer preference shifts toward smarter devices and products diversify.
The Paramus, New Jersey-based watch company’s net income rose to $8.1 million in Q1 2019, a leap forward from the loss of $4.2 million reported in the prior year period, pushed by strong sales and expanding margins.
Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, extending its reach into the second-hand watch market seen by some in the industry as a fast-growing business.
Fashion search platform Lyst has confirmed a new round of financing on the part of luxury giant LVMH. While the terms weren’t disclosed, various reports put the amount both at “over” or “below” $60 million.