Luxury watchmakers Bulgari and Breitling and a handful of Swiss brands are gathering in Geneva this week for a scaled-down industry exhibition, braving the coronavirus pandemic to try to revitalise demand.
LVMH's $16.2 billion takeover of Tiffany & Co is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market brought on by a global pandemic and severe social unrest.
The Modist has closed its doors, not just for the duration of the global lockdown, but permanently. The modest fashion luxury e-tailer said that it’s ceasing operations having taken a huge hit due to Covid-19.
The new watch industry show, promoted by a pool of brands led by Bulgari CEO Jean-Christophe Babin, and initially scheduled in Geneva for the end of April, will be held on August 26-29 due to the Covid-19 pandemic.
As the Covid-19 pandemic continues to impact business, consumer spending and events within the fashion industry, LVMH has moved its annual shareholders' meeting, originally scheduled for April 16, to the end of June.
Luxury jeweler Tiffany & Co forecast a significant results hit this year as it temporarily shut stores and said Friday it had lost about half of its operating days in mainland China since the coronavirus outbreak.
Faced with the increased containment measures implemented against the coronavirus, Gucci has announced the closure of its factories for eight days. LVMH is keeping its sites open, albeit with specific restrictions.
Known for her luxurious lifestyle, Wang's Amazon collection is set to be a departure from the typical luxury price range, with the majority of items featured on Amazon's 'The Drop' platform falling under $60.