A mere month ago, luxury businesses were looking forward to a new era of deregulation, lower taxes and a booming stock market — and dreaming of well-heeled buyers splurging on opulent ball gowns and statement watches. Instead, as the Trump administration imposes 20 percent tariffs on products from the European Union, they are bracing for…
During the past seven days, about 50,000 visitors — industry representatives, members of the public, reporters and influencers — had been expected to walk the carpeted corridors of Watches and Wonders Geneva, considering new designs from the 60 luxury watch companies exhibiting there. Talk has been of an industry battling to reinvigorate consumer confidence after…
Thousands of pounds of liquid egg substitutes sold under two popular brand names have been recalled because of the potential risk of contamination with a cleaning solution, federal safety regulators said. Cargill Kitchen Solutions in Lake Odessa, Mich., recalled about 212,268 pounds of products under its Egg Beaters and Bob Evans labels because they may…
The mood is expected to be cautious this week as 60 watch brands gather for the fourth annual edition of Watches and Wonders Geneva, the luxury watch industry’s only major fair. Industry data shows that makers have been struggling to attract buyers, with 2024 sales declining at all but a few brands. But watchmakers have…
In 2017, the Swiss watch industry had just five brands that sold more than $1 billion at retail every year: Rolex, Omega, Cartier, Patek Philippe and Longines. Today, that exclusive club has grown to eight with the addition of Audemars Piguet, Richard Mille and Vacheron Constantin, out of a watch universe estimated to include 400…
The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the…
Like the tagline of a horror movie, the shoes … had teeth. At the Japanese label Doublet’s fashion show in Paris this January, models tramped out in dress shoes with their toes angled upward, like the ajar maw of a bass at feeding time. At the top and bottom of this flapping cavity were puny…
