Richemont has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from using their smartphones to tell the time.
In what has become a familiar scenario in the UK, Jacques Vert will be the latest fashion name set to go under with the womenswear group preparing to call in administrators less than 12 months after it was last rescued.
Swiss group Richemont, owner of the Cartier, Piaget and Chloé brands, among others, and the third largest luxury group in the world, has reworked the management of its watch brands Jaeger-LeCoultre and Baume & Mercier.
M&S said on Monday it was shaking-up its clothing & home leadership team, with Queralt Ferrer, its womenswear & lingerie design director, and Belinda Earl, its style director, both stepping down from their roles.
Mr Porter is further expanding its fine watch department with the addition of a curated selection of seven Cartier Watches. The line-up will launch on 5 April, with further launches planned for later this year.
Fashion entrepreneur and ex-BFC chairman Harold Tillman is calling for a US Chapter 11-style bankruptcy protection system to give struggling companies the breathing space to turn their operations around.
Mobile orders surged across Yoox Net-A-Porter’s sites for Cyber Weekend with the firm saying they accounted for two-thirds of sales on Sunday. And total orders peaked at more one per second on Black Friday.
Out with the old, in with the new. Peter Ridler has moved from his role at White Stuff and has taken over at Calvetron, the firm that owns Dash, Jacques Vert, Precis and Windsmoor after CEO Shaun Wills stepped down.