PARIS — Swiss watchmakers, battered by the economic crisis, failed to show any improving trends last month, as exports continued to decline.
The value of Swiss watch exports fell 26.1 percent to 1.1 billion Swiss francs, or $1.09 billion at current exchange, according to the Federation of the Swiss Watch Industry. Since January, exports have fallen 25.9 percent, with their total value shrinking to 2006 levels.
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)