Richemont, the group behind Cartier jewellery and watches, is still looking at possible job cuts in a bid to control production but says no definite decisions have been taken yet.
Demand for Swiss watches dwindled in December as the global economic slowdown took the sparkle out of one of Switzerland's key export industries.
Abu Dhabi police and Qatar's health ministry sought to play down fears among consumers on Monday that a killer perfume was on the loose after a rumour was spread by text message to mobile phones.
Chanel is calling a halt to a mobile art exhibition featuring its iconic quilted handbag and chain in order to refocus on more strategic investments in these troubled times, the company said Friday.
Switzerland exported half a million fewer watches in November as the economic downturn hit the country's key watch making industry in the first monthly decline since March 2005, data showed on Thursday, December 18th. Exports fell 15.3 percent to 1.
Katidja Valy has visited seven countries over the past two months, trying to sell his super-expensive Swiss watches to the world's rich, and nowhere has the interest been greater than in China.
The French subsidiary of the German chemical products group Henkel said on Monday it would close two sites in France and cut 251 jobs to cope with the economic downturn and to boost its competitiveness.
Shares in Swiss watchmakers Swatch Group and Richemont fell on Thursday after trade data showed demand for Swiss timepieces had slowed sharply in October. Swiss watch exports rose 0.1 percent in October after a 15.
Vertu, the prestige arm of handset maker Nokia, is planning a rapid expansion despite the economic downturn, believing the mobile phone could become the next hit item on the luxury goods market.
Nike Inc, Starbucks Corp and investor coalition Ceres are among the founding members of a new coalition calling for strong U.S. climate and energy legislation in early 2009.
Forget diamonds -- one Swiss watchmaker is betting on watches made from moon dust, parts of the Apollo 11 space shuttle and bits of spacesuits to capture consumer cash as an economic slow down bites.
Swiss watch exports grew 15.1 percent in September to 1.5 billion Swiss francs (983.6 million euros, 1.3 billion dollars), with Asian consumers leading the buying spree despite difficult economic conditions.
As Icelanders suddenly find themselves in the eye of the global financial storm many are seeking stability and solace in luxury goods like Rolex watches, which unlike their plunging currency are unlikely to devalue.
The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). EUROPEAN BANKS Benelux governments rescued Fortis with 11.
The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
