GENEVA — Ralph Lauren galloped into Geneva for a gala dinner hosted Sunday by Compagnie Financière Richemont chief Johann Rupert to launch the American designer’s first luxury watches.
The launch is a major step for Richemont, the world’s second-largest luxury goods group after LVMH Moët Hennessy Louis Vuitton. And it comes as the sector faces major challenges — Richemont on Monday said demand for luxury goods has fallen dramatically, and the company is facing the “toughest market conditions” since its formation 20 years ago.
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)