ZURICH — Swatch Group, the world’s biggest watchmaker by revenues, is poised to secure a long-sought deal to cut sales of key components to other brands in what would be a serious setback to rivals like LVMH Moët Hennessy Louis Vuitton and Compagnie Financière Richemont SA.
The deal was revealed by Swatch’s top lawyer at the group’s annual news conference, but he did not provide details. Patrik Ducrey of Switzerland’s Competition Commission confirmed to WWD a settlement had been reached, subject to approval by the full commission.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"