It has been a tough week for Swiss watch fairs: Both Audemars Piguet and Richard Mille announced they are leaving the Salon International de la Haute Horlogerie (SIHH), and Raymond Weil said it’s leaving Baselworld.
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Luxury brands can struggle to use data for personalization, as these houses who are significantly rooted in heritage find themselves having to compete with savvy labels born in the analytical age who inherently understand how to leverage artificial intelligence.
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LVMH has appointed Stéphane Bianchi (pictured) as new CEO of its watchmaking division, replacing Jean-Claude Biver, effective Nov. 1.
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On Tuesday, Michael Kors Holdings LTD confirmed earlier reports that it would buy all outstanding shares from Versace for around $2.1 billion.
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China’s rapid growth often defies conventional wisdom. It is also true when it comes to influencer marketing.
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Farfetch Thursday night raised $885, stamping a valuation of $6.2 billion on the online giant, taking into account employee dilution.
Cover image credit: SIHH