Swiss Watch Exports Recover to Pre-Covid Levels Boosted by China, US businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
Swiss Watch Exports Recover to Pre-Covid Levels on China, U.S.
This content was published on May 27, 2021 - 06:50
May 27, 2021 - 06:50
(Bloomberg) Swiss watch exports are returning to pre-pandemic levels after their biggest annual slump since the financial crisis, boosted by demand in China and the U.S.
Shipments rose 2% to 1.8 billion francs ($2 billion) in April compared with the same month in 2019, according to the Federation of the Swiss Watch Industry. Exports started to recover in March.
Swiss watch exports fell 22% in 2020 as tourism ground to a halt and lockdowns shuttered stores. The next two months will be decisive in confirming the trend of recovery, the federation said in a statement. So far, the cumulative start to 2021 is identical to the performance two years ago, it added.
Israeli fashion designer Alber Elbaz dies of COVID-19 at age 59 latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Luxury conglomerate Richemont announced Alber Elbaz s death on Sunday
The news was met with heartfelt tributes from stars including Kim Kardashian and Anna Wintour
Elbaz was best known for reinvigorating the Lanvin brand when he served as its fashion director from 2001 to 2015
He went on to launch his own brand with Richemont called AZfashion
Kardashian said her heart broke when she heard of Elbaz s passing
Wintour, the global chief content officer for Condé Nast and editor of Vogue, said: Alber always thought of fashion as an embrace of life at its best
Annoyed SAs speak: Seriously, leave Johann Rupert alone!
Earlier this month, BizNews shared a Bloomberg article which stated that Richemont Chairman Johann Rupert received his first dose of a Covid-19 vaccine at a clinic in Switzerland. The article said Rupert’s actions had ‘sparked a controversy in the country about who should get inoculated first’ as the South African billionaire received the shot at Hirslanden AG – which is owned by Mediclinic International – a hospital operator the Rupert family has invested in through Remgro.
Swiss newspaper Tages-Anzeiger said Rupert was one of 12 test patients in Thurgau shortly before vaccinations were offered to the wider public on 12 January.