Swatch Group, the world's largest watchmaker, expects 2009 sales to rise modestly as it anticipates a pick up in consumer spending in the second half of the year after a challenging first half.Gross sales rose 4.3 p...
Shoe and bag maker Tod's will update on the key Christmas period this week, and like other Italian fashion companies is likely to show that sales went better than expected but maybe at the cost of margins.
British luxury goods group Burberry (BRBY.L) beat third-quarter revenue forecasts, helped by heavy discounting, and said it would cut around 540 jobs in Britain and Spain to protect profit in tough trading conditions.
Luxury goods giant Richemont said Monday that demand fell "dramatically" during the final quarter of 2008, especially in the United States, in the toughest market conditions seen in the group's 20 year history.
Independent Swiss watchmaker Rolex expects demand for its timepieces to fall in 2009, its chief executive was quoted as saying on Friday, as consumers' appetite for luxury items wanes."Last year was an absolute record.