Luxury boutiques in tourist hot spots could be hit as customers from Asia and the Middle East lose the ability to instantly claim back VAT from January next year.
LEAD STORY
Visitors from outside the European Union will not be able to buy and fly with luxury watches unless they sacrifice the 20% VAT rebate.
Kering-owned Swiss watchmakers are slashing around 100 jobs in response to plunging sales during the covid quarter.
Yesterday's launch of WatchPro Market took even the most optimistic members of our team by surprise.
WatchPro Market is a brand new event where watch-lovers can directly meet and buy from the world's most innovative watchmakers.
TRIBUS is the creation of James Ward and his two brothers, Jonny and Jake, and has their father Chris Ward — eponymous co-founder of the Christopher Ward watch brand — on its board of directors.
Event will not be rescheduled or turned into a pale imitation digital event. The gala dinner will simply be back in 2021.
2019 saw record sales and profits as Beaverbrooks celebrated its centenary. When covid arrived in the UK, sales dropped to zero. Managing director Anna Blackburn and chairman Mark Adlestone reveal how they survived lock down and bounced back as stores reopened.
Footfall across all UK retail destinations continued to rise in the first week of September with Greater London showing the fastest improvement.
Mr Bennahmias had a restless mind during lock down and says he dreamed up a concept that will change the face of the watch industry when it is revealed.