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Swatch and Raymond Weil respond to US tariff with limited-edition watches

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AFP

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September 11, 2025

Time is money for Swiss watchmakers — and some are cashing in on US President Donald Trump’s steep tariff on goods from Switzerland, launching limited-edition watches that display the 39% duty on their dials.

Swatch and Raymond Weil respond to US tariff with limited-edition watches

Swatch launched a model on Wednesday that reverses the position of the 3 and 9 on the dial — a reference to the tariff rate Trump imposed on Swiss imports starting August 1.

“Hopefully, just a limited edition,” the company’s website reads under a photo of the watch, which is available exclusively in Switzerland.

A Swatch spokesperson described the launch as “a positive provocation, a nod to the current situation.”

“As soon as the United States changes its customs duties on Switzerland, we will immediately stop selling this watch,” he added.

The watch is already listed as temporarily out of stock on Swatch’s website, and the spokesperson said the brand hopes the offer “won’t last long — in fact, as short as possible.”

Luxury watchmaker Raymond Weil also unveiled a limited-edition version of one of its classic models featuring the “39%” figure on the dial.

It produced just 39 pieces — all of which have already sold out.

“In Swiss watchmaking, adversity doesn’t stop the hands of time,” said the brand in a statement, adding that it believes “challenges are best faced with creativity.”

Instead of increasing prices to reflect the import tax, Raymond Weil responded with humor. “By saying that instead of adding 39 percent to the price, we’re going to lower it by 39 percent,” chief executive Elie Bernheim told AFP.

The 39% tariff is expected to significantly impact Swiss watchmakers, as the United States was their top export market last year.

Zurich, Sept. 11, 2025 (AFP)

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Calvin Klein opens new flagship store in SoHo, New York

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December 10, 2025

Calvin Klein opened on Tuesday a new global flagship in New York City, marking the brand’s return to its hometown.

Calvin Klein opens new flagship store in SoHo, New York. – Calvin Klein

Located at 530 Broadway in SoHo, the over 3,000-square-foot store draws inspiration from New York’s signature loft apartments, characterized by open wood ceilings, cast columns and concrete flooring, paired with neutral tones and stainless steel fixtures.

Meanwhile, the store’s exterior is finished in the brand’s charcoal tone, with large windows displaying a seasonal visual concept created in partnership with Perron Studios.

The store features curated spaces with denim and underwear at the center of the assortment, alongside men’s and women’s apparel and accessories. Beginning in spring 2026, the location will offer select styles from Calvin Klein Collection during designated periods. To mark the opening, the SoHo flagship is releasing a limited capsule collection of tees, sweatshirts, hats and totes featuring custom Calvin Klein SoHo branding.

“We are proud to return to one of the world’s most fashionable cities – and the birthplace of our iconic brand – with an elevated retail expression,” said David Savman, global brand president, Calvin Klein.

“This new global flagship, located just steps from our landmark Houston Street billboard, is a tribute to Calvin Klein’s New York heritage. It represents both the evolution of our retail experience and a tangible expression of the world of Calvin Klein. Calvin Klein embodies a distinctive, global way of living that meets culture, and this store is the latest step on our journey of taking our brand to the next level.”

The store follows recent flagship openings in Paris and Tokyo and reflects the company’s strategy to create premium lifestyle destinations built around its minimalist design DNA.

“New York is central to the DNA of the Calvin Klein brand,” added Stefan Larsson, CEO, PVH Corp.

“This homecoming is a key milestone as we build Calvin Klein into one of the most desirable lifestyle brands in the world. Step by step, we’re deepening brand relevance, driving consumer engagement and strengthening brand positioning across North America and globally.”

Copyright © 2025 FashionNetwork.com All rights reserved.



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Swatch and Citizen face Italian scrutiny over pricing practices

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Reuters

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December 10, 2025

The Italian competition authority said on Tuesday it had opened two investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch.

Reuters

The ⁠probes involve an alleged infringement of European ⁠rules on the fixing of retail prices displayed online by the ‍groups’ ‌authorised distributors. 

The two companies may ⁠be limiting ‌price competition among their ‌retailers through a vertical agreement, by imposing retail prices on their distributors and adopting “retaliatory ‍commercial measures” against those that fail to comply, the antitrust ‌authority ⁠said ​in a statement. 

The agency’s ⁠officials ​carried out inspections at the Italian offices of Swatch and ​Citizen on December 3.

Swatch and Citizen did not ⁠immediately respond ⁠to a request for comment. 

© Thomson Reuters 2025 All rights reserved.



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UK retail tycoon Mike Ashley uses Frasers shares as collateral for loan

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Reuters

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December 10, 2025

British retail tycoon Mike Ashley has pledged around 670 million pounds ($890.6 million) worth of shares in his sportswear and fashion retailer Frasers Group Plc as collateral ⁠for a loan from HSBC, according to filing on Tuesday.

Reuters

Ashley’s ⁠holding company, MASH Beta Limited, which holds the majority of Frasers’ issued share ‍capital, ‌pledged about 103.6 million ordinary shares.

Frasers’ ⁠shares were down ‌about 1.3% at 646.5 pence ‌as of Tuesday’s last close.

This move comes after the company’s heavy investments in newer geographies and taking ‍or increasing shareholding in recent months across companies, from fashion groups to ‌electrical ⁠retailers.
Mike ​Ashley holds roughly a 73% ⁠stake ​in Frasers, according to data compiled by LSEG.

The company whose portfolio ​includes Sports Direct, House of Fraser and Flannels, reaffirmed its ⁠full-year profit forecast ⁠earlier this month.

© Thomson Reuters 2025 All rights reserved.



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