LVMH’s luxury watch brands Hublot and Bulgari have pushed sales above 2019 levels in the past year and more growth is expected this year on strong US demand, company executives told Reuters ahead of LVMH Watch Week that kicks off today. READ:
Hublot and Bulgari, alongside LVMH stablemates Zenith and TAG Heuer, are holding LVMH Watch Week online, with digital presentations of their latest collections.
Swiss luxury watch sales declined sharply in 2020, when the pandemic shuttered shops and curbed tourism. But they bounced back last year, with Swiss watch exports slightly above 2019 levels at the end of November, thanks to strong demand in the United States and China. “We obviously won’t see the same strong rebound between 2021 and 2022, but we believe we’ll have solid growth.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Power market operator sees no significant capacity coming online after June - BusinessWorld OnlineTHE independent market operator that runs the spot market for electricity said no major power plants will become operational beyond June, when a unit of a Bataan generating facility goes live. “Power demand will continuously grow, whether accelerated or tempered, and the supply should increase with it,” Independent Electricity Market Operator of the Philippines (IEMOP) […]
Read more »
NGCP invites electricity generators to supply power reserves - BusinessWorld OnlineThe National Grid Corp. of the Philippines (NGCP) invited power plants to participate in a competitive bid for Ancillary Services (AS), or reserve power that the grid can tap when the volume of baseload power runs low. “The NGCP needs qualified Ancillary Services providers which can supply the grid requirements for Regulating Reserve, Contingency Reserve, […]
Read more »
ARTA to fix red tape at Matnog Port - BusinessWorld OnlineThe Anti-Red Tape Authority (ARTA) will start talks on the adoption of an online booking system at Matnog Port in Sorsogon province after reports of fixing and red tape in the area, it said in a statement on Friday. The agency said the online booking system is expected to cut regulatory burden at the port. […]
Read more »
Scientists slam Manila Bay rehab - BusinessWorld OnlineThe Advocates of Science and Technology for the People has criticized the government’s slow progress with the Manila Bay rehabilitation program. “It has been three years since a so-called Manila Bay rehabilitation program was implemented by the Department of Environment and Natural Resources (DENR), but what have they really achieved so far?” the scientist group […]
Read more »
Disaster agency cites problems in warning system - BusinessWorld OnlineThe National Disaster Risk Reduction and Management Council has found issues in the system used in warning people about incoming natural disasters, its operations chief told a congressional hearing on Friday. Council operations chief Joe-Mar S. Perez said they have identified problems in the early warning system, including unsent, delayed and double sending of alerts. […]
Read more »
Two more CA magistrates named - BusinessWorld OnlinePresident Rodrigo R. Duterte has appointed two more appellate court justices. Justices Maximo M. De Leon and Jacinto G. Fajardo, Jr. are the newest members of the Court of Appeals, the Supreme Court said in an e-mailed statement on Friday. The high court received their appointment papers dated May 24 on Jan. 28, it said. […]
Read more »