SHUTTERSTOCK/MAHATHIR MOHD YASIN
Swiss watchmaker Swatch Group said that it will let a licencing agreement with Calvin Klein expire after more than two decades, reported Bloomberg.
Omega timepieces stated that the recent turbulence at Calvin Klein’s management led to the decision to end the alliance.
PVH Corporation, the owner of Calvin Klein, appointed Cheryl Abel-Hodges as the new Chief Executive Officer of the brand earlier this year. Analysts said that Swatch’s decision probably also stemmed from the weakness in the market for low-end watches.
Many traditional retail channels are disappearing as shopping malls struggle.
MOST READ
LIFESTYLE
Like grandmother used to makeLIFESTYLE
FROM THE CITY TO THE MANGROVESLIFESTYLE
ONLY UNTIL WE FIND A CURELIFESTYLE
Embracing the OrientalistsLIFESTYLE
How to make an entranceLIFESTYLE
FIT FOR A KINGLIFESTYLE
Will Smith explains why he loves DubaiLIFESTYLE
Adore the four-doorLIFESTYLE
Why Rolls-Royce made CullinanLIFESTYLE
The legend of the impossible bookcaseLIFESTYLE
An IMAX in your homeLIFESTYLE
Tokyo’s turn to traditionLIFESTYLE
Time for a change
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
