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...Following the FT report, Switzerland’s State Secretariat for Economic Affairs (SECO), the department responsible for sanctions enforcement, wrote to Paramount SA about its relationship with Paramount DMCC...
...Swiss corporate records show Vitol and Mercantile’s directors stepped down from Amur Trading SA and Amur Investments SA in January....
...Prior to the Ukraine invasion, Troost was among the largest sellers of crude oil from eastern Russia, which he traded through Paramount Energy & Commodities SA, the company he founded in Switzerland in 2017...
...Watches of Switzerland said it had “experienced a volatile trading performance in the run-up to and beyond Christmas”....
...In another big European IPO, shares in skincare group Galderma began trading in Switzerland last month....
...Watches of Switzerland was backed by Apollo Global Management when it went public in 2019 with a market capitalisation of £647mn....
...Indeed, it will be the largest IPO in Europe since Porsche went public in 2022, and in Switzerland since 2021. The good news, for Galderma, is that the company comes with an interesting pedigree....
...Watches of Switzerland, the UK’s biggest seller of Rolex, Breitling and Cartier watches, issued a major profit warning in January after admitting it had underestimated the impact of a luxury slump, crashing...
...“This would also allow us to de-lever the company.”The announcement by Galderma, which is headquartered in Zug, Switzerland, comes in the same week as the CVC-owned perfume retailer Douglas said it intends...
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...This week it agreed to acquire Switzerland’s leading Rolex retailer, privately held Bucherer. That news wound up shareholders of London-listed Watches of Switzerland....
...Galderma, spun out of Nestlé in 2019, is preparing for an IPO in Switzerland that could come as soon as the first half of this year, said people familiar with the matter....
...Shares in Watches of Switzerland dropped more than a quarter on Friday after Rolex, the UK retailer’s main supplier of luxury timepieces, bought rival chain Bucherer....
...The Geneva-based bank, Switzerland’s oldest and most prestigious private money manager, on Monday entered into a deferred prosecution agreement with the Department of Justice....
...Switzerland opens its first criminal investigation into violations of sanctions against Russia....
...Last week, former Tag Heuer marketing manager Mike Vogt drove to the brand’s headquarters in La Chaux-de-Fonds, Switzerland, to hand in a prototype watch he had been holding on to for 30 years....
...Kuzmichev was in Switzerland on a skiing holiday when the war broke out, then moved to France, where he has lived with his wife and three children most of the time since the early 2000s, according to people...
...Separately, shares in Watches of Switzerland jumped more than 11 per cent to 715p in morning trading after a “record year of revenue and profitability” as demand for luxury timepieces held up....
...It is all part of a multi-jurisdictional legal battle, playing out in offices and courtrooms from New York to Switzerland via São Paulo and London....
...Notable brand collection successes are France’s LVMH and Switzerland’s Richemont. Other fashion houses prefer to go it alone, for example Hermes....
...Le Grand Tour Raconté Par Van Cleef & Arpels revives the European journey that had its heyday in the 18th and 19th centuries, beginning in England with obligatory stops in Paris and Italy, often via Switzerland...
...Shares in high-flying European luxury goods groups tumbled on Monday after Switzerland’s Richemont suffered a slowdown in US demand that punctured investor optimism about a rebound for the sector’s sales...
...Letter in response to this editorial comment: LetterOne ‘follows strict payout rules at all times’ / From Franz Humer, Senior Independent Director, Chair of the Remuneration Committee, LetterOne, Zurich, Switzerland...
...Research from a report by Morgan Stanley and consultancy LuxeConsult revealed that there was a waiting list for essentially 100 per cent of Rolex models at UK retailer Watches of Switzerland last year, compared...
...Switzerland-headquartered Litasco SA said that following a reorganisation last year, Litasco Middle East was “no longer a subsidiary” of Litasco in Geneva....
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