Fossil Group said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.
The veteran fashion and luxury executive has become a partner in NEO Investments, the hard-charging private investment firm that owns significant stakes in a widening group of fashion and luxury brands.
Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers.
The Swiss luxury watch brand Richard Mille presents a bold and mouth-wateringly creative candy-inspired collection at the Salon International de la Haute Horlogerie (SIHH) watch fair in Geneva, Switzerland.
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
Fashion designers, being ultimately artists, rarely have straight-line careers - one reason for the huge applause that greeted the culmination of the debut show of Aldo Maria Camillo in Florence on Thursday evening.
In the runup to the Salon International de la Haute Horlogerie, which will open its doors in Geneva on January 14, Parmigiani Fleurier has extended its "Toric" collection with a timepiece featuring a hand-engraved dial.
Burberry has unveiled its Lunar New Year campaign with imagery that respects Chinese culture and features local influencers at the same time as analysts fret about a potential luxury downturn in China.
Watch company Timex has named Paul Martin as its new managing director in the UK, overseeing the distribution and marketing of all Timex and Luxury Division brands including Ted Baker, Guess and Versace.