Reporter for Bloomberg covering commodity traders in Switzerland. Lazy cyclist. Awkward skier. Eater. Ex-@globeandmail RTs not endorsements. Views are mine.
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Johann Rupert, the controlling shareholder of Swiss luxury goods conglomerate Richemont, dismissed talk of a takeover by bigger rival LVMH or a combination with Kering SA.
By: Dasha Afanasieva, Andy Hoffman
Pernod Ricard has stopped all spirits exports to Russia again and indicated it will cease activities there in the coming months.
A rare and pristine condition Rolex Milgauss watch sold for $2.5 million, smashing records for the highest amount paid at auction for the Swiss brand’s timepiece made for scientists.
British American Tobacco Plc unexpectedly replaced Chief Executive Officer Jack Bowles following a drop in the shares of the Lucky Strike cigarette maker, which is lagging rivals in the shift to smoking alternatives.
Imperial Brands Plc, the maker of Winston and Gauloises cigarettes, forecast an acceleration in second-half earnings, helped by price increases.
The stainless-steel watch, produced in 1958 and designed to resist magnetic fields, features a black honeycomb dial, rotating bezel and a seconds hand shaped like a lightning bolt.
Watches of Switzerland Group Plc, the top seller of Rolex timepieces in the UK, expects first quarter sales to decline in a sign of less buoyant times for luxury watch retailers.
The stainless steel watch produced in 1958 features a black honeycomb dial, rotating bezel and a seconds hand shaped like a lightning bolt.
A Rolex watch designed for spelunking and several models of the Patek Philippe Nautilus led declines in the Bloomberg Subdial Watch Index over the last month.
Monthly Swiss watch exports to the US declined for the first time in more than two years signaling a slowdown in demand from the biggest market for pricey timepieces.
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