Day’s wrap: Alfa Romeo, Clergerie, Michelin, Apple Watch and Burberry

February 7, 2020

Hermès edition of the Apple Watch. Image credit: Apple

Luxury Daily's live news:

Italy’s Alfa Romeo to mark 110th year with celebrations, new logo
Alfa Romeo joins the ranks of surviving storied luxury automakers such as Rolls-Royce Motor Cars, Bentley Motors, BMW, Aston Martin and Audi in the century-plus club.

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French brands Clergerie and Michelin marry shoemaking with tech for sole
French footwear maker Clergerie has partnered with fellow countryman and tire giant Michelin to launch a new collection with a sole that is more ergonomic.

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Swiss brands losing smartwatch war to Apple Watch, which outsold entire industry last year
The ascendance of the Apple Watch may very well shake the foundations of the entire Swiss watch industry, if younger affluent consumers view the timepiece as a digital tool to support their lifestyle and not as an investment or collecting hobby.

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Burberry lowers outlook over store closures in China due to coronavirus
Burberry has closed 24 of its 64 stores in mainland China and the remaining shops have cut hours and see major declines in traffic, having a negative impact on the British fashion label’s retail sales in the coronavirus-plagued country and its Hong Kong special administrative region. There was no word on the fate of Burberry's fall-winter 2020 show, set to be presented April 23 in Shanghai.

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Please click here to read morning's lead article: When authentic watches turn into counterfeits: The Rolex case

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