Fashion

China’s tepid rebound has left luxury shops relying on US demand

[ad_1] By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up to expectations. See catwalkMiu Miu – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics L’Oreal shares tumbled as much as 7.7% on Friday after […]

Swiss Watch exports slowing after a record run

[ad_1] 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 tapered off in the second half. Exports of timepieces hit 26.7 billion Swiss francs ($30.9 billion) in 2023, but the rate of sales growth […]

Swatch Group sales miss record as strong franc dents results

[ad_1] By Bloomberg Published Jan 23, 2024 Swatch Group AG failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands including Omega and Longines disappointed and a strong Swiss franc weighed down results. Swatch Group – Tissot The Biel, Switzerland-based company reported revenue of […]

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