Swatch, a leading watchmaker, said on Monday that a lawsuit by US jeweller Tiffany had no legal basis and that it would contest the action in a battle between the luxury product groups.A counter-claim by Tiffany for 541.
The world's biggest watch group Swatch said on Tuesday its net profits jumped 18.1 percent to 1.3 billion Swiss francs (1,1 billion euros, $1.4 billion) in 2011 and it expected to sustain growth this year.
Although millions of Africans remain stuck in crushing poverty, the fast-growing continent is no longer defined solely by privation and disease. Luxury brand sellers are targeting the small but increasingly visible nu...
British luxury brand Burberry posted a 22 percent rise in third-quarter revenue as wealthy shoppers and tourists, particularly in Asia, showed their resilience to shaky economies in Europe and the United States.
Sales growth at Richemont held up in the company's third quarter, easing fears the sector might be in for a marked slowdown this year and allowing the Swiss luxury goods group to confirm its profit goal for the year.