Italian luxury fashion house Prada reported a 1 percent dip in annual revenue on Sunday and said it would have to contain costs as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe.
The countdown is on for the launch of the Apple Watch in April. The brand is getting ready for the takedown and the biggest fashion department stores, like the Galeries Lafayette, are rolling out the red carpet.
Fossil reported lower-than-expected quarterly revenue and profit due to a decline in watch and leather products sales in North America, and said net sales would decrease up to 7.5 percent in the first quarter.
Apple has taken the number one luxury gifting spot in China from designer goods maker Hermès, according to a Hurun luxury report on Thursday, reflecting the iPhone maker's recent hot streak in the country.
At the Salon International de la Haute Horlogerie (January 19-23), the master jeweler has revived a timepiece created in 1935, the Cadenas, which is said to have been inspired by the Duchess of Windsor.
Geneva's luxury watch show where shopowners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value.