Swatch Group has reshuffled its leadership team and named new heads for several of its key brands in a change that analysts had been expecting for some time. All of the new appointments will happen on July 1.
The Trieste-based competition’s 2020 edition was originally scheduled for July 17 but, like the Hyères Fashion Festival, ITS has announced the event’s postponement, to October 23, due to the Covid-19 pandemic.
Swiss watchmaker Swatch Group will no longer make watches and jewellery under the Calvin Klein brand, reducing its exposure to a price segment that is under pressure from smartwatches and other fashion watches.
Louis Vuitton owner LVMH on Wednesday reported better-than-expected revenue growth for the third quarter, in spite of months of unrest in Hong Kong that have put off tourists and forced luxury labels to shut stores.