BASEL, Switzerland — From redefining core values to scaling back collections or weeding out distributors, many players at the Baselworld watch and jewelry fair have pressed the reset button.
Rolex said it has closed several accounts since 2008, totaling millions of dollars in sales. Doug Meine, the firm’s executive vice president, said the industry’s struggles during the global recession triggered a “shaking out of the tree.” He described the house’s presentation as “somewhat low-key,” in tune with the climate.
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?"