Esprit complained that the cost of renting high street units was too high. KEYSTONE/© KEYSTONE / CHRISTIAN BEUTLER The Swiss branch of the popular high-street fashion retailer Esprit has gone bust, it was announced on Tuesday. This content was published on March 26, 2024 – 15:52 Do you want to read our weekly top stories?...
Category: Fashion
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Esprit Swiss subsidiary files for insolvency, executive director steps down
The Swiss subsidiary of Hong Kong-based Esprit has filed for insolvency as it looks to reorganise the business amid an “economic slowdown”. Esprit Switzerland Retail AG (ESRA), a wholly-owned subsidiary of the company, has commenced with the insolvency proceedings in the court of Switzerland and said it will now focus on a “comprehensive reorganisation” and...
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Swiss Watch Exports Slump on Lower Shipments to China, Hong Kong
Monthly Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for luxury timepieces cools. Exports dropped 3.8 percent by value in February to 2.15 billion Swiss francs ($2.4 billion) from a year earlier, the Federation of the Swiss Watch Industry said...
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EQT’s Galderma Seeks to Raise $2.3 Billion in Swiss Listing
Skincare business Galderma Group AG is looking to raise about $2.3 billion in what’s expected to be one of the largest listings in Europe this year, serving as a key test for the region’s initial public offering market. The IPO in Zurich will comprise mainly new shares issued by Galderma and a smaller tranche of...
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Swiss Watch Exports Struggle as Luxury Slowdown Persists
Swiss watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports increased 3.1 percent to 1.9 billion Swiss francs ($2.2 billion) by value, the Federation of the Swiss Watch Industry said Tuesday. Growth was as high as 11.8 percent in the first...
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Runway Rundown: Moncler Grenoble’s St Moritz Spectacular
Accessories? Get Fuzzed! WWD Is that Yeti? Of course not. It’s Emily Ratajkowski. The star joined a stellar cast including Joan Smalls and Irina Shayk on the snowcapped catwalk. Ratajkowski’s look was a great case in point for the collection’s accessories offering. Aside from those scene-stealing boots that Y2K girlies will recognise all too well...
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Anne Hathaway, Willow Smith, and More Attend Moncler’s Fairy Tale-Like Fashion Show in St. Moritz
Last night, Moncler gave skiwear the best—and most star-packed—fashion show imaginable in St. Moritz, Switzerland. Anne Hathaway, Willow Smith, Nina Dobrev, and ELLE editor-in-chief Nina Garcia were among the many notable guests who attended the runway show for the Italian brand’s Grenoble line of performance-based outerwear in the Swiss mountains. The flagpole event capped off...
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CTI Fashion Initiative unveils tailored metrics for fashion circular economy
Geneva, Switzerland, 18 January 2024 – The fashion industry is witnessing a pivotal moment with the release of sector-specific circularity metrics by the CTI Fashion Initiative, a collaborative effort led by WBCSD, VF Corporation and Deloitte, with support from the VF Foundation. Launched today at the World Economic Forum in Davos, Switzerland, these tailored metrics...
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Watches of Switzerland Dives as Watch Shoppers Retreat
Shares of Watches of Switzerland Group Plc slumped nearly 30 percent after the top seller of Rolex watches in the UK cut its sales and growth forecasts, blaming volatile demand and a shift in luxury spending habits. The company, also a major luxury watch and jewellery dealer in the US, said holiday sales were volatile...
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Moncler to Hold Grenoble Show, Brand Experience in Saint Moritz
MILAN — Moncler is zeroing in on its link with the mountains and heading to the tony Swiss ski destination of Saint Moritz with a show dedicated to its Grenoble division. The luxury brand has earmarked Feb. 3 for a runway event and brand experience amid the imposing Swiss Alps. The exact location and timing...
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Kareena Kapoor, Saif Ali Khan dress up to welcome new year in Switzerland; Jeh and Taimur join for family pic
Kareena Kapoor and her family are in Switzerland for their annual New Year holiday. Hours after welcoming 2024, she dropped glimpses from their hotel room as she, Saif Ali Khan, Taimur and Jehangir dressed up to celebrate the occasion. Kareena dropped mirror selfies as she turned photographer for them. Also read: Kareena Kapoor chills with...