Swatch Group free to supply watch movements

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Swatch Group will be free to supply mechanical watch movements to whomever it wants even though it still has a dominant market position for these essential watch parts, Swiss

Italy: Luxury goods producers fear the future

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Italy, which accounts for about 40% of the world’s production of luxury goods, was severely affected by the Covid 19 crisis , which had a significant impact on demand. Brands

Daimler to deepen cost cuts after expected quarterly loss

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Daimler (DAIGn.DE) will deepen cost cuts because of an expected second-quarter operating loss and despite some signs of a recovery in demand for luxury cars, the chief executive said