As the effects of climate change become more and more “tangible”, luxury’s leading names are responding to the need for urgent action to stem environmental destruction and loss of biodiversity.
Articles on the subject: Economy
With Swiss watch exports to the United States rising 20% over the first five months of the year compared with 2019, the US has a lot to offer. Despite being a “difficult” market for Swiss brands to work in, it represents a welcome complement to China.
As Chopard celebrates the 25th anniversary of its movement-making facility in Fleurier, co-president Karl-Friedrich Scheufele talks about the family values of a brand that has made independence its hallmark.
The latest study from Bain & Co – Altagamma reports a return to growth for luxury in the first quarter. Will this play out for the entire year or – the more likely option according to Bain – will full recovery be in 2022?
Richemont’s sales for the year ended March 31, 2021 fell by 8%. The group’s jewellery business, online retail and strong performance in Asia-Pacific enabled what are “solid” results in a global pandemic.
After meteoric growth between 2015 and 2019, Gucci is looking for new ways to boost performance. The roadmap for 2021, the brand’s 100th anniversary year, includes a foray into Haute Horlogerie. The first watches are already on display, Place Vendôme in Paris.