A few days after the announcement of a vast relaunch plan for his eponymous label, Karl Lagerfeld unveiled that he has signed a licence with Fossil to create a line of watches set to launch in Spring 2013.
Swiss exports rose 2.5 percent to 16.6 billion francs (13.75 billion euros, $18.32 billion) in September despite the strong Swiss currency, with the watch and jewellery sectors leading the growth.Watch exports were up 21 percent to 1.
The swiss watch brand's next collaborative effort will be lead by the Chinese designer Uma Wang. Regarded as one of the most promising young talents of the Chinese fashion scene, Wang will create three models for Swatch.
French handbag maker Hermes said on Thursday its watch unit was taking a 32.5 percent stake in family-owned Swiss watch case maker Joseph Erard, in the latest sign that big luxury groups are keen to snap up watch part makers.
Swatch Group said it terminated its alliance with Tiffany & Co. , blaming the U.S. jeweller for blocking the development of their watch joint venture and relaunching speculation that Tiffany could become a takeover target.
The world's biggest watchmaker Swatch confirmed Monday it was being probed by European anti-trust authorities over claims that several luxury watch producers colluded to stop supplying spare parts to independent repairers.
Louis Vuitton, the luxury leather goods maker owned by industry giant LVMH, on Thursday said it had acquired for an undisclosed amount the Swiss watch manufacturer La Fabrique du Temps, its partner since 2007.