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

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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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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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G-III Apparel lifts full-year earnings guidance despite 9% sales decline

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December 10, 2025

G-III Apparel on Tuesday raised its full-year earnings forecast on the back of better-than-expected earnings in the third quarter, which also saw the U.S. firm’s sales drop 9% to $988.6 million.

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The New York-based firm logged earnings of $80.6 million, or $1.84 per diluted share during the three months ending October 31, compared to $114.8 million, or $2.55 per diluted share, in the prior year’s third quarter.

While profits were lower than the same period last year, the owner of Karl Lagerfeld, Sonia Rykiel, and DKNY brands, “delivered a strong third quarter with gross margins and earnings far exceeding our expectations,” according to  ​said Morris Goldfarb, G-III’s chairman and chief executive officer.

“This was driven by the strength of our go-forward portfolio, particularly our owned brands, as well as a healthy mix of full-price sales and our mitigation efforts against tariffs. I am pleased with how our brands are resonating with consumers and encouraged by the solid demand we have seen throughout the holiday season to date,” continued Goldfarb, who said his company is raising its fiscal 2026 earnings guidance to “reflect our third quarter outperformance tempered by the uncertainties around the consumer environment and tariff-related margin pressures.”

In June, G-III Apparel filed a $250-million lawsuit against PVH Corp., escalating tensions between the two fashion giants with allegations of breached licensing agreements and interference in business relationships. 
  ​
The complaint, filed in New York state court, targets PVH and its Calvin Klein Inc. and Tommy Hilfiger licensing divisions.

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