PLAN-LES-OUATES, Switzerland — Volatile currencies threaten to dampen the performance of the Swiss watch industry in 2014.
Swatch Group chief executive officer Nick Hayek said Thursday that foreign exchange variations could dent the group’s revenues by up to 500 million Swiss francs, or $570 million at current exchange, this year.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)