Luxury Swiss watchmakers, usually not fans of online retailing, are launching a new digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis.
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.
New York City-based lifestyle brand LoveShackFancy has opened its first Manhattan store on Bleecker Street in the West Village, spanning 700 square feet and offering a selection of new and vintage pieces.
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
A committee of MPs in Britain is recommending that a ban on sales of real fur should be considered after it was found that some real fur products have been labelled as fake fur and sold via a number of big names.
Effective 1 January 2017, an update to the “Swiss made” law stipulates that 60% of a Swiss watch must be of Swiss origin to claim Made in Switzerland status. One niche watch manufacture considers the new rule too weak.