Sales of LVMH's watch brands could maintain their double-digit percentage growth in the second half of 2017, despite tougher year-on-year comparisons, the head of the luxury company's watch business said on Thursday.
U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors' core bag business could delay potential benefits.
Starting July 6, timepiece collectors will be able to get their hands on the Kingsman Modular 45, the storied watchmaker's newest wearable technology via Mr Porter.com -- one month before its official launch.
While high-end watches are still out of reach for most people, the increasing prevalence of deals on the grey watch market highlights the perplexing predicament in which luxury watchmakers now find themselves.
Shares in LVMH, the world's biggest luxury goods group, hit a record high on Tuesday after the French company beat sales forecasts in the first quarter and said demand from Chinese customers had picked up.