Watches of Switzerland (WOSG) shares tumbled on Friday morning amid fears that Rolex was taking steps to set up its own retail network. Rolex has bought Bucherer, which like Watches of Switzerland, sells Rolex products through its shops around the world. Rolex currently relies on partners for retail sales, and so the possibility of it shifting to a...
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CTI Fashion Initiative unveils tailored metrics for fashion circular economy
Geneva, Switzerland, 18 January 2024 – The fashion industry is witnessing a pivotal moment with the release of sector-specific circularity metrics by the CTI Fashion Initiative, a collaborative effort led by WBCSD, VF Corporation and Deloitte, with support from the VF Foundation. Launched today at the World Economic Forum in Davos, Switzerland, these tailored metrics...