A photo caption on page 7, Jan. 23, was incorrect. It should have read Valentino with Georgina Brandolini and Naty Abascal.

Thomas Van der Kallen, president of Richemont North America’s watch division, was most recently president of Baume & Mercier North America. Edward Wright succeeds him in that post. This information was incorrect in a story on page 2, Jan. 28.