Tag
luxury watches
Stories tagged luxury watches.
Richemont Sells Baume & Mercier to Damiani Group
Richemont has completed the sale of its watchmaking brand Baume & Mercier to the Italian Damiani Group, which plans to expand the 200-year-old maison's global reach.
Watches of Switzerland abandons £3bn sales target amid luxury downturn
Watches of Switzerland Group Plc is dropping its long-term goal to more than double sales to £3 billion by 2028, as the luxury market deteriorates. The company will present revised guidance to investors next month.