Andy Hoffman

The British company, which is the top seller of Rolex watches in the country and a major retailer in the US, said the deal will help capture market share, particularly online in the US, according to a statement.

In this article: (Bloomberg) -- Richemont has finally struck a deal to offload its troubled online business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company.

The deal, which comes 10 months after a previous plan to sell YNAP to rival Farfetch Ltd. collapsed, will see no cash change hands.

In exchange for shares in the German e-commerce company. Richemont has finally struck a deal to offload its troubled online business Yoox Net-A-Porter to Mytheresa in exchange for shares in the German e-commerce company.

(Bloomberg) -- Watches of Switzerland Group Plc is buying Hodinkee Inc., a US watch enthusiast site backed by LVMH and Tom Brady that racked up losses after an ill-timed foray into selling used models online.Most Read from BloombergWhat Do US Vehicle Regulators Have Against Tiny Cars?The Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkMexico City Restricts Airbnb Rentals to Curb ‘Gentrification’Roofs of Mexico City’s Massive Food Market Will Power Public Buses

(Bloomberg) -- Prices for used luxury watches rose modestly last month, led by Patek Philippe, as the market continues to stabilize after two-and-a-half years of decline.

Andy Hoffman 2 min read In This Article (Bloomberg) -- Hodinkee Inc. has sold Crown & Caliber, the online used watch retailer

A unique chiming wristwatch made by Swiss independent producer Philippe Dufour will go to public auction for the first time in December and is expected to fetch at least $2 million in a sale that will test the market for rare and expensive timepieces.

Pernod Ricard SA said first quarter sales fell more than expected as weak demand in its top markets of China and the US persisted and consumers resisted shelling out on pricey booze.

Swiss watch exports fell sharply in September as shipments to China dropped by half, putting more pressure on the European country’s struggling luxury sector.