Swiss watch exports to Hong Kong, the sector's biggest market, plunged 11.4 percent in 2019 due to a wave of pro-democracy protests there, the Swiss watch industry federation said Tuesday.

LVMH, the world’s largest luxury group, posted yet another year of record sales, racking up global turnover of €53.7 billion in 2020, a 15% increase on the previous year.

Jeremy Scott has cancelled his upcoming runway show in New York, in a move that will significantly weaken the American fashion catwalk season. Instead, the designer will show during haute couture in Paris in July.

Alessandra Facchinetti has been named creative director of Harlan + Holden, an Asian fashion company that defines itself as the world’s first “time-saving” clothing brand.

LVMH brand Louis Vuitton will open its largest flagship store in Japan in Osaka’s Shinsaibashi on February 1 and will open its first café and restaurant inside the flagship store on February 15.  

The spread of the deadly coronavirus in China could mean the world’s luxury industry seeing sales dented by fewer Chinese shoppers travelling abroad, tax-free payments specialist Planet said on Thursday.

The Detroit-based “stock market of things” has announced that it surpassed $1 billion in gross merchandise value in 2019 alone, as the platform pushed forward with international expansion, especially in Europe and Asia.

Swiss luxury group Richemont had good news and bad for its latest quarter as Fashion & Accessories sales fell, but it saw good growth overall in most of its markets for the wider business.

High-end e-tail giant Yoox Net-A-Porter has named Nisreen Shocair as its CEO, Middle East. She joins with “extensive global retail and e-commerce expertise, holding senior positions in the UAE and New York”.

Watches of Switzerland has restructured its top management team due to the impending retirement of its COO Tony Broderick. Craig Bolton has been prompted to oversee the UK unit while David Hurley runs the US arm.

Luxury consumers are embracing the concept of resale and only a tiny 16% feel there’s a stigma in wearing pre-owned items. That’s according to a study conducted among 400 affluent consumers in the UK, US and France.

Craftsmanship takes pride of place in the latest offering from Blancpain for the Chinese New Year, with the launch of the Swiss luxury horologist's first ever porcelain dial on a limited-edition watch.

Swiss watchmaker Piaget is celebrating the Chinese New Year with a limited-edition Piaget Altiplano inspired by 2020's Chinese zodiac sign: the rat.

The boss of Harrods said the retailer is “well placed to take advantage of” the younger shopper who wants “to have really great quality beauty” and is upbeat about the chances for the firm’s new beauty chain.

The Swiss competition watchdog on Thursday restricted Swatch Group's shipments of watch mechanisms to other companies ahead of a final decision in mid-2020 in a long-running dispute.

Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the watch maker from supplying watch mechanisms to other companies during 2020.