Stéphane Linder – former chief executive and president of luxury watch firm TAG Heuer – has been employed by Gucci to head up the Watches and Jewellery division.
Fossil Group shares spiralled downward in extended trading on Tuesday after the accessories brand posted a fourth quarter downturn alongside a quarterly forecast that fell shy of analysts' expectations.
Swiss watch retailer Swatch confirmed this morning plans to bring out a smart watch within two to three months.
Reports circulate that Italian fashion powerhouse Gucci could name a new creative director as early as this week, according to people familiar with the matter cited by Bloomberg.
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