Richemont

Luxury brands Swatch, Guess and others quietly gear up with smartwatches

To observers of the secretive Swiss watch industry, its quiet, seemingly passive response to Apple's plan to attack their centuries-old business could be mistaken for submission before an overwhelming adversary.

Boost for luxury mkt? Richemont wants to enter India's retail sector

The entry could be a boost for the country's luxury retail sector, which represents a tiny fraction of global luxury brands' sales but has a fast-rising number of wealthy people.<br /><br />