Cartier’s owner said it reached a private agreement with the company’s shareholders. The terms of the deal were not disclosed.
The big watch brands need to be everywhere if they want to capture a new audience.
The investment banker-turned-jeweler is overseeing the relaunch of the company’s web site as it expands its consignment offer.
After job cuts, slashing of inventories and other cost-saving measures last year, executives hope the worst is behind them.
This year’s annual party was the swan song of Georges Kern, who is taking on a bigger role at parent Richemont.
Reynolds made an appearance at the Piaget stand, while Schilling was billed as a friend of IWC.
Six-month operating profit is set to be down 45 percent.
The onus remains on Internet service providers to block rogue e-commerce sites.