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Grand Seiko opens largest India shop-in-shop in Kolkata

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November 27, 2025

Japanese luxury watchmaker Grand Seiko has opened its largest shop-in-shop in India to date in Kolkata in the city’s Exclusive Lines watch store as part of the label’s expansion into Eastern India.

Inside Grand Seiko’s new Kolkata shop-in-shop – Grand Seiko

 
“Exclusive Lines has created a truly world-class Grand Seiko experience for watch lovers and connoisseurs in Kolkata,” said Seiko India’s president and COO Niladri Mazumder in a press release. “This remarkable space not only showcases our finest creations but also celebrates the spirit of craftsmanship, precision, and elevated service that defines Grand Seiko. We are delighted to welcome customers to explore iconic timepieces in an environment that brings the essence of Japan closer to India.”
 
The shop-in-shop is designed to showcase the Grand Seiko universe with a focus on artistry, precision, and heritage, and houses its Spring Drive, Mechanical and Quartz collections. The opening follows launches by Grand Seiko in Mumbai, Bengaluru, and New Delhi and is part of the brand’s move to connect with watch enthusiasts and collectors offline in Indian metros.

Grand Seiko is a luxury sub-brand of watch business Seiko Group Corporation which was founded in Japan in 1881. The first Grand Seiko watch was made in 1960 and the brand has a pared-down yet elevated aesthetic.

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Bartolomeo Rongone to leave Bottega Veneta for Moncler

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January 20, 2026

In another change to Kering’s organisational structure: the group has announced that Bartolomeo Rongone, CEO of Bottega Veneta, will leave the group on March 31, 2026 to pursue new career opportunities.

Bartolomeo Rongone and Remo Ruffini – Moncler

The executive will step down from his role at Bottega Veneta on March 31, 2026, and will be appointed CEO of the Moncler Group with effect from April 1, 2026.

Under the Moncler Group’s new organisational set-up, Remo Ruffini will serve as executive chairman, retaining responsibility for creative direction and continuing to play a central role in governance and in shaping the group’s strategic direction.

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Puma to supply F1 champions McLaren with motor racing kit in global deal

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January 20, 2026

Puma will supply team kit to Formula One champions McLaren this season in a multi-year global deal that also covers activities in ⁠IndyCar, World Endurance from 2027, virtual racing, and the ⁠all-female F1 Academy series. No financial details were given.

Formula One F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – December 7, 2025 McLaren’s Lando Norris celebrates after becoming the 2025 Formula One World Champion – REUTERS/Jakub Porzycki

“Our sport is in ‍incredible ‌shape, and it’s been fantastic to ⁠see an ‌influx of major fashion ‌and lifestyle brands who are looking for deep and meaningful ways to engage with our growing global ‍fanbase,” said McLaren Racing CEO Zak Brown.

McLaren previously had a ‌deal ⁠with ​Castore, with some media ⁠reports ​suggesting that was worth 30 million pounds ($40.41 million) a year.

Puma ​also equip Ferrari and Aston Martin. Williams have meanwhile ⁠switched to ⁠US lifestyle brand New Era.

© Thomson Reuters 2026 All rights reserved.



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Estee Lauder sued by beauty tech startup for alleged theft

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January 20, 2026

Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travellers in hotels.

Nomi has accused Estee Lauder of stealing its technology – Bloomberg

In a complaint filed on Friday night in Manhattan ⁠federal court, Nomi Beauty said Estee Lauder has been “driving literally billions in new revenue” to itself after abandoning contracts ⁠in 2018 and 2020, including means to determine consumers’ actual preferences for cosmetics instead of their stated preferences.

Nomi- the name is a homophone for “know me,” as in the customer- ‍said its “secret ‌sauce” was intended to help the parent of Clinique and MAC lipstick ⁠generate more revenue from luxury ‌hotel duty-free shops and in-room purchases, and become less dependent ‌on traditional retail stores. Rather than honour its contracts or follow through on discussions to purchase Nomi outright, Estee Lauder allegedly starved Nomi’s hotel partners of products, while rolling out competing programs in China, Costa Rica, ‍Malaysia, the UK and the US.

These programs “rely on the very same trade secrets Nomi had been educating Lauder about for years,” the ‌complaint said. Nomi ⁠is ​seeking unspecified compensatory, punitive, and triple damages. Estee Lauder did ⁠not immediately ​respond to requests for comment.

“Nomi’s stolen innovations brought Estee Lauder into the information age, and Estee Lauder continues to profit from them wildly,” Nomi’s ​lawyer Matthew Schwartz said in an email. Both companies are based in New York.

Since last February, Estee Lauder has ⁠pursued a “Beauty Reimagined” strategy, including prestige ⁠launches and a streamlining of its supply chain, to revive sliding sales. The strategy also called for up to 7,000 job cuts.

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