High-flying omnichannel retailer Watches of Switzerland is continuing to grow its UK monobrand boutique strategy with a difference. It’s opening another three destinations side-by-side in one shopping centre.
UK jeweller Beaverbrooks is banking on continuing growth at the luxury end of the market. That’s why the family-owned business is expanding its offer in the sector, launching a new high-end brand called Loupe.
The iconic German footwear manufacturer has reportedly received interest from investment fund CVC, which is currently in negotiations to acquire the family-run company valued at around 4 billion euros.
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.
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.
Watches of Switzerland reported continued strong luxury watch sales growth and increased momentum in the US market on Thursday as it delivered a trading update for Q3 and shrugged off wider market worries.