The watch world received an influx of new players in 2002, in what was already a crowded marketplace. Among those that jumped into the scene are big-gun designer names such as Yves Saint Laurent and Prada, as well as new and revamped lines from...
The watch world received an influx of new players in 2002, in what was already a crowded marketplace. Among those that jumped into the scene are big-gun designer names such as Yves Saint Laurent and Prada, as well as new and revamped lines from Burberry, Christian Dior, Hermès and Yves Saint Laurent.
Jewelers Tiffany & Co. and David Yurman are stepping up their efforts in watches. The Italians are also getting more aggressive in the watch arena, with firms such as Grimoldi, Damiani, Garavelli, Pomellato and Locman increasing their watch efforts on these shores.
Heading into 2003, many wonder if there is room for everyone and some companies are already scaling back their distribution to address a difficult retail environment. The Swatch brand, for example, is focusing on its retail business and cutting back its wholesale distribution.
Also, expect to see more consolidation in a sector that is now dominated by huge conglomerates. A few key companies — The Swatch Group, LVMH Moët Hennessy Louis Vuitton, Compagnie Financière Richemont AG and Movado Group — control much of the action now, and independent firms often lack the muscle to keep up with the big guns. The Swatch Group had sales last year of about $2.9 billion, Richemont’s watch sales were $1.7 billion and LVMH’s watch and jewelry sales totaled $480 million. Movado Group’s sales last year were about $300 million.
Industry watchers say that brands with heritage and well-known names are poised for the best future. Rolex, for example, remains a consumer favorite and more mass names such as Bulova and Timex keep on ticking.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye