Emerging from a period of retrenchment, SIHH exhibitors are battling for the discerning, post-crisis consumer.
Read this on WWD.
Richemont, the maker of Cartier necklaces and IWC timepieces, reported lower wholesale revenue as it became more selective with its retail points, a sign the luxury house is cleaning up its distribution network after being forced to buy back unsold watches.
Read this on Bloomberg.
Luxury group Kering says it intends to spin off a majority stake in sports apparel maker Puma by distributing the stake to its own shareholders.
Read this on NYTimes.
With assists from technology partners, including Alibaba, JD.com and WeChat, luxury brands including Ralph Lauren, Coach and Louis Vuitton are updating store experiences by linking online campaigns to in-store purchases, arming store employees with digital customer profiles and connecting store inventory to online purchases.
Read this on Glossy.