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Top Stories

Battle for talent intensifies as Chanel poaches Cartier jewelry, watch designer

Astrid Wendlandt

23 November 2025

DUBAI – Jewelry designers may not have the same celebrity status as their peers in fashion, but the competition to hire them is just as fierce. This week, the battle for talent intensified as Chanel poached Marie-Laure Cérède, one of Cartier’s top jewelry creatives.

Events

Oman Luxury Summit 2025

Miss Tweed

22 September 2025

Miss Tweed invites you to take part in our Oman Luxury Summit, at the Mandarin Oriental hotel in Muscat, from Nov. 25 to Nov. 27. Confirmed speakers: Sayyid Khalid bin Hamad Al Busaidi, Chairman of Amouage and the Omani Sabco group, Marco Parsiegla, CEO of Amouage, Riccardo Bellini, CEO of Valentino, Samantha Etienne, Global Managing Partner of Bold, the corporate venture fund of L’Oréal group,
Bernd Beetz, chairman of German department store chain Galeria, former CEO of Coty, Joël Palix, M&A adviser, former CEO of Clarins Fragrance Group, Nina Müller, CEO of Lalique, Manuel Emch, CEO of Louis Erard watch brand, Florent Perrichon, CEO of Laurent Ferrier watch brand , Rémi Le Druillenec, CEO, cofounder of Heroine agency.

Watches Exclusive

Richemont works on selling Baume & Mercier to management

Astrid Wendlandt

19 November 2025

DUBAI - Richemont is understood to be in advanced talks to sell its loss-making watchmaker Baume & Mercier to CEO Michael Guenoun via a management buy out, industry sources said. The deal would be partly financed by distributors Damiani and Rocca as well as an Emirati distributor, they said.

Weekly Highlights

KEY TAKEAWAYS FROM DUBAI WATCH WEEK

DUBAI – Rolex CEO Jean-Frédéric Dufour says that the world’s No. 1 watch brand by sales has no intention of buying more retailers after acquiring Switzerland’s Bucherer two years ago, and that it will continue to sell the majority of its watches through its authorized network.

Recent Publications

Jewelry

What’s Tiffany & Co’s story?

Astrid Wendlandt

16 November 2025

Tiffany & Co. is one of LVMH’s best performing brands. While the group’s fashion, watches and spirits brands still reel from the downturn, Tiffany is in the sweet spot of jewelry, the luxury industry’s fastest growing segment. The U.S. brand is LVMH’s fourth’s-biggest asset by sales after Louis Vuitton, Dior and Sephora.

Fashion

Louis Vuitton boss Pietro Beccari may change jobs within LVMH

Astrid Wendlandt

9 November 2025

Pietro Beccari, one of LVMH’s most talented captains and CEO of the group’s No. 1 brand Louis Vuitton, is expected to move to a new position, industry sources said. The timing is not yet certain, but it could happen as early as next year, they said.

Fashion

Kering explores McQueen sale, hires consultants and revamps Gucci leadership

Astrid Wendlandt

2 November 2025

Kering is exploring a potential sale of McQueen, banking sources say. The French group is pushing through aggressive restructuring plans for the loss-making British fashion brand. The potential disposal is part of its reorganization under the energized leadership of its new CEO Luca de Meo.

Cosmetics

L’Oréal bid for Kering Beauty puts LVMH in pole position for Armani

Astrid Wendlandt

19 October 2025

Kering is in talks to sell its beauty division to L’Oreal for around €3.5 billion in what would be the biggest deal in the beauty sector in recent years, three senior industry sources said. They confirmed a report by the Wall Street Journal published on Saturday.

Watches

Watchmakers HYT and Laurent Ferrier lose their CEOs

Astrid Wendlandt

26 October 2025

Certain independent watch brands – like MB&F, De Bethune, F.P. Journe, Kari Voutilainen and H. Moser & Cie – have become prized assets for true watch lovers. Many collectors prepurchase their upcoming timepieces before they are even produced.

But being independent and inventive is no guarantee for success. Take HYT, for example.

Strategy

The department store model needs to reinvent itself

Astrid Wendlandt

12 October 2025

It’s a bloodbath. Most multi-brand retailers and big department stores in the Unites States and Europe are crumbling under a mountain of debt and losing customers and brand partners. The downward spiral is accelerating, threatening the entire fashion and luxury ecosystem from suppliers to labels. From Paris to Milan to New York, the future of department stores looks grim.

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