logo
Cartier, IWC Schaffhausen, and Piaget debut retail spaces aboard Luminara

Cartier, IWC Schaffhausen, and Piaget debut retail spaces aboard Luminara

Fashion Network23-07-2025
Cartier, IWC Schaffhausen, and Piaget have debuted dedicated retail spaces aboard Luminara, the newest superyacht in The Ritz-Carlton Yacht Collection.
Curated by Starboard Luxury, the luxury division of Starboard Group, this milestone marks a first-at-sea experience for The Ritz-Carlton Yacht Collection, featuring jewelry, Swiss timepieces, and accessories expertly curated by Starboard Luxury.
During each voyage, guests can also enjoy personalized services such as private viewings, in-suite appointments, and private shopping sessions with expert brand ambassadors.
'Starboard Luxury is honored to bring together four of the world's most renowned luxury brands—Cartier, IWC Schaffhausen, Piaget, and The Ritz-Carlton Yacht Collection,' said Stacy Shaw, senior vice president, luxury & resorts, Starboard Group.
'This collaboration marks another expansion of our incredible partnership with The Ritz-Carlton Yacht Collection as we continue to create unparalleled luxury shopping experiences at sea.'
As the third yacht in The Ritz-Carlton Yacht Collection, Luminara will sail the Mediterranean throughout 2025 before charting new waters in the Asia-Pacific and Alaska through 2026.
'Welcoming Cartier, IWC, and Piaget aboard Luminara reflects our ongoing commitment to creating exceptional, meaningful experiences at sea,' said Ernesto Fara, president, The Ritz-Carlton Yacht Collection.
'Through our continued collaboration with Starboard Luxury, we're able to bring guests closer to some of the world's most respected luxury maisons — names that share our dedication to quality, craftsmanship, and heritage.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Watches of Switzerland hit by Trump's new 39% Swiss import tariff
Watches of Switzerland hit by Trump's new 39% Swiss import tariff

Fashion Network

time5 minutes ago

  • Fashion Network

Watches of Switzerland hit by Trump's new 39% Swiss import tariff

Shares of Watches of Switzerland Group Plc fell as much as 6% after U.S. President Donald Trump announced a 39% tariff on imports from Switzerland — one of the steepest rates introduced so far in the escalating trade war. The retailer, known for selling Rolex and other Swiss timepieces in the U.K. and U.S., has been hit hardest by the latest tariff measures. Financial markets in Switzerland were closed for a public holiday, initially sparing listed producers such as Richemont and Swatch Group AG from immediate share price reaction. Swiss watch exports had already surged earlier this spring, as Trump threatened a 31% levy. Importers rushed to bring in inventory ahead of potential tariffs, before volumes eased in anticipation of a possible compromise. If the 39% tariff proceeds, it could lead to U.S. retail price hikes of more than 20%, according to analysts at Jefferies led by James Grzinic. However, there remains a possibility that the measure won't be implemented. 'The one-week hiatus until implementation suggests this could be a negotiating tactic,' Grzinic said in a note. Swiss watch exports fell by nearly 10% in May, largely driven by a drop in shipments to the U.S. 'The rise of 'luxury fatigue,' a declining 'feel-good factor' from luxury purchases, and worsening consumer sentiment all contribute to a less optimistic outlook,' Vontobel analyst Jean-Philippe Bertschy wrote in a note last month.

Watches of Switzerland hit by Trump's new 39% Swiss import tariff
Watches of Switzerland hit by Trump's new 39% Swiss import tariff

Fashion Network

time8 minutes ago

  • Fashion Network

Watches of Switzerland hit by Trump's new 39% Swiss import tariff

Shares of Watches of Switzerland Group Plc fell as much as 6% after U.S. President Donald Trump announced a 39% tariff on imports from Switzerland — one of the steepest rates introduced so far in the escalating trade war. The retailer, known for selling Rolex and other Swiss timepieces in the U.K. and U.S., has been hit hardest by the latest tariff measures. Financial markets in Switzerland were closed for a public holiday, initially sparing listed producers such as Richemont and Swatch Group AG from immediate share price reaction. Swiss watch exports had already surged earlier this spring, as Trump threatened a 31% levy. Importers rushed to bring in inventory ahead of potential tariffs, before volumes eased in anticipation of a possible compromise. If the 39% tariff proceeds, it could lead to U.S. retail price hikes of more than 20%, according to analysts at Jefferies led by James Grzinic. However, there remains a possibility that the measure won't be implemented. 'The one-week hiatus until implementation suggests this could be a negotiating tactic,' Grzinic said in a note. Swiss watch exports fell by nearly 10% in May, largely driven by a drop in shipments to the U.S. 'The rise of 'luxury fatigue,' a declining 'feel-good factor' from luxury purchases, and worsening consumer sentiment all contribute to a less optimistic outlook,' Vontobel analyst Jean-Philippe Bertschy wrote in a note last month.

Luxury scent supplier dsm-firmenich lowers 2025 target
Luxury scent supplier dsm-firmenich lowers 2025 target

Fashion Network

timea day ago

  • Fashion Network

Luxury scent supplier dsm-firmenich lowers 2025 target

Dsm-firmenich, a leading supplier of fragrance ingredients to luxury houses such as LVMH and Kering, has narrowed its 2025 profit forecast, pointing to persistent foreign exchange volatility as a key challenge. The Swiss-Dutch group, known for its role in the global beauty and fragrance supply chain, now expects adjusted EBITDA to reach €2.4 billion ($2.74 billion), down from a previous estimate of at least €2.4 billion. 'In the underlying core business, nothing has changed, but FX — obviously, we can't control,' CEO Dimitri de Vreeze told Reuters, adding that he sees continued uncertainty in the second half. Dsm-firmenich, whose products are used in perfumes made by French luxury groups LVMH and Kering, reported adjusted core profit of €610 million for the first half. That beat analysts' average forecast of €513 million, based on a company-compiled consensus. 'It's like a duck that's nicely floating, but there's a lot of hard work underneath to keep it moving. That you don't see. But here we see a relatively good duck in good order for the first half, and we're confident for the second half,' the CEO told Reuters. In February, the company sold its stake in a joint enzymes venture to Danish group Novonesis for €1.5 billion as part of a strategic revamp aimed at sharpening its focus on core businesses such as perfumes and flavors. Last year, it announced plans to carve out its animal health and nutrition unit by the end of 2025 — a move expected to reduce exposure to earnings volatility in the vitamins segment. The unit reported a 293% year-on-year adjusted EBITDA increase to €342 million in the first half, supported by temporary vitamin price effects.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store