Watch industry consolidation is crimping creativity and making it harder for independent watchmakers to compete, said Pascal Ravessoud, marketing and development director of the Fondation de la Haute Horlogerie.
Burberry Group Plc, the U.K.’s largest luxury-goods maker, reported full-year profit that beat estimates, boosted by strong demand in China and Hong Kong, and increased the dividend by more than analysts expected.
Bjoern Gulden turned round Danish jewelry maker Pandora A/S in a little more than a year. Working his charm at Puma SE will be a tougher task after Europe’s second-biggest sporting-goods maker cut its profit guidance.
Salvatore Ferragamo SpA, an Italian maker of $1,390 sandals, rose to a record in Milan trading after first-quarter profit beat estimates and the company confirmed its projection for earnings growth this year.
Salvatore Ferragamo SpA, an Italian maker of $1,390 sandals, reported first-quarter profit that exceeded estimates and confirmed its projection for earnings growth this year amid surging sales in the Americas.