China will cut import duties on Swiss watches by 60 percent in ten years as part of a free-trade agreement set to be signed in July, the Ministry of Commerce said on Monday, at a time when luxury watchmakers are faced with falling Chinese sales.
The German outdoor specialist Jack Wolfskin reported turnover of 351 million euros in 2012 compared to 355 million euros last year, particularly hit by its results in its domestic market and a lack of innovation.
Major players in the small word of surf brands are diversifying their strategies. Rip Curl has staked out its territory — innovation and technology for products designed mainly for sports, both summer and winter.
American site Charity Buzz is always looking for innovative ways to raise money. Dinner with a celebrity, VIP access to shows and now…internships at top fashion houses. The New York divisions of Balenciaga, Oscar de le Renta, Missoni and Valentino have all put one-month internships up for auction.