LONDON — Compagnie Financière Richemont plans to lay off up to 70 people at the high-end Swiss watch manufacturer Manufacture Roger Dubuis SA, which it acquired in August.
A Richemont spokesman said Friday the layoffs were not “recession-driven,” but rather the result of a strategy to downsize the workforce. “When we purchased it last August, Roger Dubuis was an oversize company, one that had grown very quickly. We’re simply scaling back,” he said.
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)