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Breitling acquires two-century-old Swiss watchmaker Gallet

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Breitling has acquired Gallet, bringing back from relative obscurity the historic watch brand founded nearly two centuries ago, in 1826.

Breitling acquires Gallet, reviving the legacy of the Swiss watchmaker – Breitling

The move comes 15 months after Breitling acquired Universal Genève in late 2023, reinforcing Breitling’s drive to become a major player and influence in luxury watchmaking.

Known for its precision timekeeping, which is prized by frequent travelers, explorers, and adventurers, Gallet is now positioned as Breitling’s new entry-level luxury watch brand, the company said in a release.

The terms of the acquisition were not revealed.
 
The brand Gallet actually dates back to 1466, when founder Humbertus Gallet began his eponymous clockmaking business, making it arguably the world’s oldest timekeeping marque.

“This acquisition is a logical step in the development of our company,” explained Breitling CEO Georges Kern.

“We are breathing new life into Gallet by drawing on Breitling’s expertise and know-how. Our ambition is clear: to revive Gallet as a leading watch brand while preserving its spirit of adventure and innovation in chronographs,” added Kern.
 
Founded in 1884, Breitling is a leading luxury watchmaker based in Grenchen, Switzerland. In 2017, the Partners Group bought an 80% stake in Breitling for $870 million before acquiring the remaining 20% the following year.

“We have full confidence in Breitling, which is well placed to increase its market share in the luxury watch sector,” says Alfred Gantner, co-founder of Partners Group and president of Breitling. “The acquisition of Gallet is the second key step in strengthening our long-term strategy.”
 
Gallet helped usher in the age of aviation by creating the chronograph that measured the first powered flight in 1903. Piloted by Wilbur and Orville Wright, the Kitty Hawk Flyer covered 259 meters in just 59 seconds. With its timepiece marketed under the name “The Sun,” Gallet made a lasting mark on aviation history.

In 1907, Gallet acquired Société d’Horlogerie Electa and founded Fabrique d’Horlogerie Electa, Gallet & Co. The following years were marked by technical innovations, patents, and international recognition, enabling Gallet to establish itself as a benchmark in precision timekeeping.
 
Thereafter, Gallet continued to focus on the American market, operating mainly as an établisseur—designing watches while supervising their manufacture and assembly in Switzerland.

In the 1970s and 1980s, when the Swiss watch industry was hit by the quartz crisis and the soaring Swiss franc, Gallet, like many other great names, lost some of its splendor.

Now, under the leadership of Breitling, Gallet is poised to embark on a long-awaited renaissance.

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LilySilk launches capsule collection with stylist Elizabeth Stewart

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Silk brand LilySilk has teamed up with Hollywood stylist Elizabeth Stewart to launch a capsule collection.

LilySilk launches capsule collection with stylist Elizabeth Stewart. – LilySilk

“We’re excited to unveil our exclusive collaboration with Elizabeth Stewart, the celebrated Hollywood stylist known for her exceptional eye for elegance,” said David Wang, CEO of LilySilk. 

“This partnership redefines the essence of effortless sophistication and timeless allure, merging LilySilk’s luxurious silk with Elizabeth’s unmatched styling artistry.”

The collection combines LilySilk’s commitment to sustainable luxury with Stewart’s signature styling expertise. It features six curated looks with 11 versatile pieces, rooted in luxury, comfort, and sustainability. 

Among them is the Denim Dossier, a fitted denim-inspired suit with a cropped jacket and high-waisted wide-leg pants. Urban Voyager offers a modern take on leisurewear with an oversized bomber jacket and jogger pants, while Versatile Vogue pairs a refined sweater with a satin skirt. 

Modern Mosaic presents a bold statement blouse that can be styled with tailored pants for work or jeans for a more casual look. Playful Palette showcases vibrant bowling shirts matched with tailored culottes, and Patchwork Paradise, offers a one-of-a-kind pajama set crafted from deadstock fabrics. 

“I work with many brands, and I’m always seeking out companies that truly consider their environmental impact,” added Stewart. “That’s why I’m thrilled to collaborate with LilySilk—our shared commitment to sustainability and quality makes this collection truly special.”

Earlier this year, LilySilk opened its first-ever U.S. concept store, in the Meatpacking District in New York. 

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Bershka introduces new footwear brand Out of Core in collaboration with Ral7000 Studio

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Translated by

Roberta HERRERA

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March 18, 2025

Building on its commitment to creative partnerships, Bershka has teamed up with Ral7000 Studio to unveil a new footwear brand inspired by Y2K aesthetics and digital culture.

The Inditex-owned brand unveils its new label, Out of Core – Bershka

Named Out of Core, the brand draws its identity from external memory algorithms used in computing. This latest venture blends technological influences with functional design, promoting self-expression and individuality.

The collection spans four distinct conceptual lines, featuring styles such as silver-flower sneakers, virtual reality-inspired trainers, and boxing-style sports boots. Prices range from €69.99 for Mary Jane-style sneakers to €139 for Western-inspired heeled boots.

In addition to footwear, the brand also offers a range of minimalist, urban-inspired apparel and accessories. The collection’s color palette is dominated by shades of white, black, and soft pink. Key pieces include two cap styles priced at €12.99, alongside short-sleeved T-shirts, sweatpants, and hoodies available for €45.99.

The Out of Core collection, designed in collaboration with Ral7000 Studio’s footwear designer Agata Panucci, is now available on Bershka’s e-commerce platform and in select stores.

Founded in 1998, Bershka closed in 2024 with a retail network of 854 stores, including both standalone boutiques and franchises. The brand also operates in approximately 220 markets through its online platform.

Part of the Inditex portfolio alongside Zara, Zara Home, Oysho, Lefties, Pull&Bear, Stradivarius, and Massimo Dutti, Bershka reported €2.93 billion in revenue for the fiscal year 2024, reflecting an 11.8% increase from the previous year. Meanwhile, Inditex as a whole, led by Marta Ortega, saw sales rise 7.5% during the same period, reaching €38.63 billion.

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Isabelle Parize returns as CEO of Delsey

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Roberta HERRERA

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March 18, 2025

Isabelle Parize is stepping back into the leadership role at Delsey. As CEO of the French luggage and accessories brand from 2018 to 2021, Parize successfully guided the company through the challenges of the COVID-19 pandemic, which severely impacted international travel.
 

Isabelle Parize – DR

In June 2021, she handed over the reins to Davide Traxler, a turnaround specialist who, according to his LinkedIn profile, no longer holds the position. Parize, however, remained involved with Delsey as chair of the supervisory board.

Parize began her career at Procter & Gamble, where she held key strategic roles in marketing and brand management for 13 years. In 1994, she joined Henkel, where she served as vice president for Europe, Africa, and the Middle East. After a period leading Canal+ Distribution (part of the Vivendi Group), Parize became chair of the board at French beauty retailer Nocibé in 2011. In 2015, she was appointed CEO of the German group Douglas, which had acquired Nocibé the previous year.

In addition to her role at Delsey, Parize has served on the board of American cosmetics group Coty since 2020 and the board of Carbios, a leader in environmental biotechnology, since 2022.

Founded in 1946, Delsey Paris is a leader in premium luggage and ranks as the world’s third-largest luggage brand. Its collections are available online and at more than 6,500 points of sale in over 90 countries.

Delsey Paris, which opened a flagship store on the Champs-Élysées in Paris in April 2024, also operates 68 international boutiques, including several in Asia. The brand generates 40% of its sales in the United States.

After weathering the pandemic years, Delsey Paris has returned to solid growth, with 2023 sales increasing 20% to reach €250 million. A year ago, “Le Figaro” reported that this turnaround could pave the way for a change in ownership.

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