The Battle Over the Future of Swatch: Luxury or Fun?
He sent Chief Executive Nick Hayek cigars; a favorite book, 'The Luxury Strategy' by Jean-Noël Kapferer and Vincent Bastien; and a handwritten note laying out opportunities he saw for Swatch's luxury brands to recapture market share.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Official: Deportivo Alavés star seals €16m Ligue 1 switch
La Liga outfit Deportivo Alavés have this weekend secured for themselves a significant cash injection. This comes after attacker Joaquín Panichelli's long-rumoured departure from the club was finally made official. Panichelli, for his part, spent this past season out on loan away from Alavés. Not yet considered ready to be a regular contributor at Mendizorroza, the Argentine made the move to Spain's 2nd tier, with CD Mirandés. And to say that Panichelli went on to enjoy a productive stint on the books of Mirandés would be putting it lightly… All told, across 44 appearances in La Liga 2, the 22-year-old racked up a head-turning 29 direct goal contributions. Such exploits did not go unnoticed across the continent, with Ligue 1 outfit Strasbourg, for one, having recently opened talks with their Alavés counterparts in an effort to beat out the stiff competition for Panichelli's signature. And as alluded to above, this weekend, such negotiations have officially borne fruit. As per a statement across Alavés' website and social media platforms on Sunday: 'Deportivo Alavés and RC Strasbourg Alsace have reached an agreement for the transfer of striker Joaquín Panichelli to the French club.' According to transfer insider , Panichelli's move to France has come at a cost of around €16.5 million. Conor Laird – GSFN
Yahoo
39 minutes ago
- Yahoo
'Here we go soon' – Liverpool Close to Agreeing £65m Deal for Forward
Luis Díaz Nears Bayern Munich Move: What It Means for Liverpool's Future In a significant development in Liverpool's summer transfer window, Fabrizio Romano reports that Luis Díaz is on the verge of joining Bayern Munich, with a deal nearing completion. The Colombian winger, a fan favourite at Anfield, is set to swap Merseyside for Bavaria in a move valued at €75 million, including add-ons. The contract would run until June 2029, with only final details around performance-related bonuses now left to settle. Romano tweeted: ' FC Bayern are closing in on deal to sign Luis Diaz from Liverpool! Agreement at final stages with details being sorted. €75m package with add-ons included, contract until June 2029. Liverpool and Bayern are discussing add-ons details… then, here we go soon. ' This transfer, while not wholly unexpected, marks another pivotal moment in what has already been a turbulent summer for Liverpool. Under new manager Arne Slot, the club is navigating a major transition, both tactically and emotionally, following the departure of Jurgen Klopp and the recent tragic loss of Diogo Jota. Díaz's exit signals the continuation of an era-defining squad overhaul. Diaz's Liverpool Legacy Luis Díaz arrived from FC Porto in January 2022 and made an immediate impact. Known for his direct running, flair and relentless work ethic, he became an essential part of Klopp's system, especially during the club's push for a quadruple in the 2021-22 season. However, injuries and inconsistent form in recent campaigns saw his influence wane slightly, opening the door for discussions about his long-term role. Still, losing Díaz is a blow. His contribution in high-pressure moments, particularly in cup competitions, helped Liverpool maintain competitiveness during squad transitions. The €75 million fee represents decent value, but reinvestment will be critical. What This Means for Arne Slot Slot is tasked with evolving Liverpool's tactical identity and is reportedly open to reshaping the attacking unit. With Darwin Núñez also likely to depart, the club's frontline could be unrecognisable come September. Reports suggest Newcastle's Alexander Isak is the dream replacement, though the fee required could surpass £100 million. This puts pressure on sporting director Richard Hughes and the recruitment team to ensure that Díaz's departure is not merely a cash-raising exercise, but part of a broader strategic vision. The attack now lacks a left-sided option who can cut inside and threaten consistently. Harvey Elliott's future is also under question, meaning Liverpool could be preparing for a near-complete forward rebuild. Market Implications Díaz's move to Bayern shifts the balance across Europe too. Bayern, coming off a trophyless season, are eager to refresh their squad, and Díaz offers them pace and flair that has been missing. His signing fits the Bundesliga giants' model of acquiring Premier League-tested talent to reassert domestic and continental dominance. For Liverpool, it is yet another reminder that the rebuild under Arne Slot will be aggressive and possibly painful. With experienced players leaving and major gaps to fill, the Anfield hierarchy will need to move swiftly and decisively in the market. Our View – Anfield Index Analysis From a Liverpool fan's perspective, this feels like the start of a full reset. Díaz leaving for Bayern is logical in terms of business, but emotionally, it hurts. He gave us moments of brilliance, particularly when we were short of inspiration, and there's a sense of unfinished business given the injuries and system changes that hampered him. There's also concern about the volume of outgoings. Losing Diogo Jota was heartbreaking. Now with Díaz going and Darwin Núñez expected to follow, the attack that once terrified Europe is being dismantled. If Elliott goes too, we are looking at a complete rebuild under a new manager in his first Premier League season. Yes, Alexander Isak would be a huge statement signing. But that doesn't change the fact that we'll be missing Díaz's dribbling, directness and energy in the left channel. Isak is a different kind of player, and Slot will need to adjust tactically. What's worrying is the timing. We're just weeks from the new season, and our attack is threadbare. Fans will back the manager, but the owners and new sporting structure must show real ambition now. Selling Díaz is acceptable if it leads to smart, fast reinvestment. If not, the project risks starting on the back foot.
Yahoo
an hour ago
- Yahoo
ASML: Limited China Risk, Leading-Edge Exposure Could Drive Outperformance
ASML Holding N.V. (NASDAQ:ASML) is one of the . On July 24, New Street Research upgraded the stock to 'Buy' with a €790 price target driven by ASML's strong positioning for 2026 and the potential to outpace peers in the semiconductor capital equipment space. According to New Street, consensus estimates of 2% growth for next year are 'conservative.' They believe that there is 'room for ASML to outperform, driven by high leading-edge exposure.' The company stands to benefit from 'higher growth in leading-edge WFE spending and limited risk of share loss in China,' the firm noted, which would eventually result in growth in the 'upper end of its peer group.' The firm further cited that normal order intake in quarter 3 would allow ASML to ease concerns around growth for 2026. The stock is currently below both its historical averages and peers, but there is limited risk of further de-rating. A technician operating a robotic arm on a production line of semiconductor chips. Moreover, while it remains unclear how much spending will be done on wafer fab equipment, a broader pullback can be expected next year. ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing. While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.