Edition:
United Kingdom

Silke Koltrowitz

UPDATE 1-Swiss economic growth grinds to a halt in Q3

29 Nov 2018

ZURICH, Nov 29 The Swiss economy unexpectedly contracted in the third quarter, hit by weak domestic consumption and an economic downturn in Germany, its biggest trading partner, the State Secretariat for Economic Affairs (SECO) said on Thursday.

eBay polishes plans for online second-hand luxury watch market

20 Nov 2018

ZURICH Buying a second-hand luxury watch on eBay should get easier next year as the company gets better at checking that only genuine timepieces are sold on the online platform.

UPDATE 2-Richemont flags slow progress in watch sales

09 Nov 2018

* Sales slowed in September, but October back to H1 level -CFO

Exclusive: Billionaire family behind Tetra Pak revealed as mystery IFF shareholder

24 Oct 2018

CHICAGO/LONDON/ZURICH A trio of billionaire siblings known for inheriting the privately-held packaging giant Tetra Laval have snapped up nearly 20 percent of International Flavors & Fragrances Inc over two years, becoming the company's top shareholder, Reuters has learned.

RPT-EXCLUSIVE-Billionaire family behind Tetra Pak revealed as mystery IFF shareholder

24 Oct 2018

* Rausing vehicle also holds the top stake in Comet Holding AG

Swiss watchmaker Patek Philippe says Chinese demand still rising

18 Oct 2018

GENEVA Swiss watchmaker Patek Philippe is seeing good demand across the world, its president told Reuters on Thursday, playing down industry concerns about a potential slowdown in top luxury goods buyer China.

Departure of Asia chief Martello overshadows Nestle's sales rise

18 Oct 2018

ZURICH Nestle's highly regarded Asia chief Wan Ling Martello is leaving the world's largest packaged food company, taking the shine off the faster sales growth over the last three months.

LVMH watches head Biver to drop operations role

20 Sep 2018

ZURICH Jean-Claude Biver is dropping his operational responsibilities as the head of LVMH's watch division, he told Reuters over the phone on Thursday, confirming media reports.

Clariant, SABIC tighten links under new partnership

18 Sep 2018

ZURICH/BERLIN Switzerland's Clariant and new anchor shareholder Saudi Basic Industries Corp (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.

Cartier maker Richemont hands Lambert reins for digital era

10 Sep 2018

GENEVA Cartier maker Richemont made Jerome Lambert chief executive on Monday, handing the luxury goods veteran the task of continuing to take the group, in particular its watch brands, digital.

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