Slowdown
Swiss watch exports drop in may as China slowdown persists
SWISS watch exports fell in May as a slowdown in demand for premium and luxury timepieces in China and Hong Kong continued.
Shipments dropped 2.2 per cent by value to...
Swatch shakes up executive committee as luxury slowdown persists
SWATCH Group is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance.
Chief controlling officer Peter Steiger, a...
Luxury group Richemont reports slowdown in Q4 sales, appoints new CEO
Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a 1 per cent drop in its fourth quarter sales on Friday (May 17).The company,...
PwC cuts 60 Canadian jobs, bracing for economic slowdown
PricewaterhouseCoopers, the global accounting firm, eliminated 60 jobs in Canada as the company braces for the fallout from the nation’s economic slowdown, according to people familiar with the situation.The...
Tesla ramps up job cuts in China as sales slowdown bites
Tesla’S job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest...
Hong Kong bankers face more job cuts on China slowdown, high pay
HONG Kong investment bankers could face more job cuts as the slowdown in China deals persists and employers look to trim highly compensated staff, according to Bloomberg Intelligence.An estimated...
LVMH’s first quarter sales growth slips to 3% on luxury slowdown
LVMH reported a 3 per cent rise in first quarter sales on Tuesday (Apr 16), marking a slowdown as rising prices prompted more shoppers who aspire to own its...
China IPO slowdown pits startups against investors
CHINA’S depressed stock markets and a slowdown in initial public offering (IPO) registration by regulators have sent a chill through the world of private equity (PE) and venture capital (VC) firms,...
