×
78 317
Fashion Jobs
NIKE
Senior Software Engineer ii - Business Planning & Consolidation
Permanent · Beaverton
NIKE
Special Assets – Governance Operations Senior Manager
Permanent · Beaverton
ABERCROMBIE AND FITCH CO.
Director, Digital Product Management (Remote)
Permanent · Columbus
TAPESTRY
Manager, Account Executive
Permanent · New York
JOCKEY
Merchandise Planner
Permanent · Kenosha
JOCKEY
Global Supply Chain Planning Manager
Permanent · Kenosha
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Wichita
NORDSTROM INC
Manager - Asset Protection - Downtown Seattle Rack
Permanent · Seattle
ATHLETA
Assistant General Manager - Mall of America
Permanent · Bloomington
OLD NAVY
Assistant General Manager - Fremaux tc
Permanent · Slidell
BLOOMINGDALE'S
Registry Consultant, Full Time: 59th Street
Permanent · New York
ALICE AND OLIVIA
Business Systems Analyst – Wholesale
Permanent · New York
LEVI'S
Retention Marketing Manager - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Business Analytics - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Direct Mail Marketing - Beyond Yoga
Permanent · Culver City
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
MACY'S
Manager, Business Administration
Permanent · Bay Shore
MACY'S
Asset Protection Detective, Quaker Bridge Mall - Part Time
Permanent · Lawrence Township
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Garden State Plaza - Full Time
Permanent · Paramus
MACY'S
Asset Protection Detective, Gurnee Mills - Part Time
Permanent · Gurnee
By
Reuters API
Published
Apr 10, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Jeweller De Grisogono to cut jobs amid weak sales

By
Reuters API
Published
Apr 10, 2018

Swiss jewellery and watch brand De Grisogono plans to cut 41 jobs after sales of its high-end jewellery pieces fell short of expectations.


de Grisogono



The brand said it had to reduce production capacity to reflect the "challenging conditions in some key markets," scaling back ambitions to become the world's leading high-end jewellery and watch brand.

It plans to cut 31 positions in Switzerland out of a total of 104, and up to 10 worldwide, it said in a statement published on Monday.

The brand founded by Fawaz Gruosi in 1993 said it wanted to focus on more affordable fine jewellery pieces, which have made it a success in the past. A spokeswoman declined to comment further.

De Grisogono, backed by Angolan investors since 2012, acquired the rights to a 404-carat Angolan rough diamond in 2016 that was then cut to 163 carat and set in a necklace by Gruosi.

It was the largest flawless white diamond ever to come to auction when sold for $33.7 million at Christie's in Geneva last November, but experts said at the time the price showed the top end of the diamond market was under pressure.

Bloomberg reported in December that Angolan state-owned diamond company Sodiam was divesting a stake in De Grisogono, controlled by the husband of the former Angolan president's billionaire daughter, as the country's new leader untangled it from the business interests of his predecessor's family.

President Joao Lourenco succeeded long-time Angolan leader Jose Eduardo dos Santos last September, pledging to tackle an endemic culture of corruption.

 

© Thomson Reuters 2022 All rights reserved.