bonyadi magazine      Geneva watch fair ticking over after sales boom years The 2024 Geneva watch fair opened on Tuesday amid slower demand in China for fancy Swiss timepieces and timid consumer spending across the board on luxury items   The Watches and Wonders salon, which runs until April 15, sees 54 major watch brands display their latest creations, including Rolex, Patek Philippe, Cartier, …

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        bonyadi magazine      L’Oreal eyes stake in €3 billion perfume brand Amouage L’Oreal SA is considering a potential investment in Omani luxury fragrance company Amouage, according to people familiar with the matter     The French beauty group has been holding talks on the possible purchase of a minority stake in Amouage, the people said, asking not to be identified because the information is private. …

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        bonyadi magazine        Editor's Note: John Reardon is a recognized Patek Philippe expert and HODINKEE associate. Reardon, former director of international watches at Christie's, recently launched Collectability.com, a website dedicated to information and education about vintage Patek Philippe watches. This article is an excerpt from Reardon's in-depth and wide-ranging interview with Jassim Al-Zarai, a widely followed Instagram commentator and Patek Philippe influencer. The full …

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            bonyadi magazine      Valentino and creative director Pierpaolo Piccioli are parting ways, the Italian house said on Friday. A “new creative organisation” is to be announced soon     Piccioli joined the house in 1999 as an accessory designer alongside Maria Grazia Chiuri. The pair were appointed co-creative directors in 2008, replacing Alessandra Facchinetti, who had taken up the role a year earlier …

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          bonyadi magazine      AMI Paris continues to forge stronger bonds with the Chinese market. Since Shanghai-based venture capital firm Sequoia Capital China acquired a majority stake in the company in 2021, the brand has significantly strengthened its presence in the region. To celebrate the launch of its newest store in Suzhou, situated 100 kilometers west of Shanghai, AMI Paris has announced a fashion show …

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          bonyadi magazine        Investors push Zara owner Inditex to publish full supply chain Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better assess any supply chain risks   Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors want greater …

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                bonyadi magazine    Ask pretty much anyone, and they'll tell you 2023 was the Year of Small Watches, and most prognostications I've seen have predicted a continued turn to smaller watches this year     Don't worry, this isn't yet another predictions article, and I'm certainly not going to tell you about how small watches are "in." Surely by mid-February, the submission …

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                      bonyadi magazine      H&M Group and partners in new deal to scale textile-to-textile recycled polyester H&M Group has joined forces with Vargas Holding to launch Syre, a new venture “to rapidly scale textile-to-textile recycled polyester”. It’s also backed by TPG Rise Climate     The retailer has an offtake agreement with Syre worth a total of US$600 million …

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                                                    bonyadi magazine      André Maeder is parting ways with the KaDeWe Group. The CEO is moving to the Selfridges Group. On May 1, 2024, Maeder will take over the management and coordination of the banners of the group, which, in addition to the …

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      bonyadi magazine        Swedish multinational fashion brand H&M recently dropped a collection in its “Innovation Stories” initiative that explores the increasingly blurring boundaries between our online and offline lives. How does this intriguing concept work? The ready-to-wear and accessories collection “The H&M Innovation Metaverse Design Story” is on sale in select stores and at hm.com         What makes the initiative interesting is the way it …

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