The Paramus, New Jersey-based watch company’s net income rose to $8.1 million in Q1 2019, a leap forward from the loss of $4.2 million reported in the prior year period, pushed by strong sales and expanding margins.
Swiss luxury goods group Richemont SA said on Friday it is to buy Watchfinder.co.uk Limited, extending its reach into the second-hand watch market seen by some in the industry as a fast-growing business.
France's Sézane is to open its third permanent store and will set foot in London with a more-than-2,000 sq ft location in Notting Hill. The opening comes at the same time as a new investor has taken a minority stake.
US fashion e-tail giant Revolve is making a major play for UK and EU customers with the launch of services including fast deliveries and free returns that aim to replicate what local e-tailers can offer.
Samsonite International SA said on Friday it has replaced under-fire Chief Executive Ramesh Tainwala after a short-seller attack caused the firm's shares to plunge sharply before being suspended last week.