Swiss Watch exports slowing after a record run
By Bloomberg Published Jan 30, 2024 Swiss watch exports hit record levels last year as watchmakers raised prices and shipments of cheaper quartz watches jumped, though the pace of growth…
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In Germany, KaDeWe Group initiates insolvency proceedings
Last week, the rumours were already flying. It’s now official: the KaDeWe Group has filed for bankruptcy. As recently as the end of November, CEO Michael Peterseim ruled out any…
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H&M profit target in spotlight as cost-cutting gathers pace
By Reuters API Published Jan 30, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from…
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SMCP Q4 update sees sales figure scaled back, but revenue still rising
SMCP has issued a brief Q4 update and sales that its “sales remained stable compared to 2022 at constant exchange rates, despite a macroeconomic context that continued to deteriorate”. Sandro…
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Irish December retail sales rise, but fashion is down year on year
Irish retail sales rose last month with the Republic’s Central Statistics Office saying that December retail volumes were up 0.9% month on month and 3.9% compared to a year ago….
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Bernard Arnault in witty mood at LVMH results’ presentation
Translated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day,…
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Will Hendrick’s Gin and Wiederhoeft new collaboration spark a new marketing craze?
Valentine‘s Day has become a marketing boon; many sectors like beauty, floral, hospitality, fashion, and wine and spirit amp up love-themed merch and promos for the February holiday. Courtesy The…
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THG to cut warehouse, sales, marketing jobs
News of potential job cuts at John Lewis and Superdry has been added to with a report that digital retail and technology group THG is cutting 160 jobs across its…
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Tourist tax drains £11bn+ from UK economy says new report
The so-called tourist tax is “deterring two million foreign visitors from coming to the UK and costing the economy £11.1 billion in lost GDP,” according to new economic analysis. Photo:…
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Avon is still very active in Russia
Avon, the international beauty business that has been UK-headquartered since 2016, continues to recruit new sales agents and manufacture in Russia, a new report has said. Avon The BBC said…
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