All entries in the Luxury goods sector, newest first. tag:eurotrack.ai,2026:en:en/sectors/luxury-goods 2026-09-02T06:00:00Z Eurotrack tag:eurotrack.ai,2026:c51ae95a:en 2026-09-02T06:00:00Z

The Italian luxury packaging group Pusterla 1880 announced on 2 September 2026 that it will close its plant in Mayet (Sarthe department) by the end of 2026. Of the 95 permanent staff and roughly 100 temporary workers, 51 positions will be cut, while 43 employees are to be transferred to other group sites (including Cherré-Au and Oradour-sur-Glane). The company cites declining business activity and the need to restructure its French production units as the reasons (ici.fr, 8 Sept 2026). — Source: https://www.ici.fr/emissions/l-info-d-ici-ici-maine/on-est-aneantis-salaries-et-habitants-de-mayet-sont-sous-le-choc-apres-l-annonce-de-la-fermeture-de-l-usine-pusterla-8348244

tag:eurotrack.ai,2026:a42c8b4b:en 2026-07-13T06:00:00Z

Media reports (Reuters/Bloomberg, 13 July): The UK's largest Rolex retailer has held talks in recent months about a potential take-private with private-equity and strategic bidders; no formal offer has been made. The company is reportedly seeking significantly more than £7.50 per share; the shares surged on the report. — Source: https://www.bloomberg.com/news/articles/2026-07-13/top-uk-rolex-seller-surges-after-report-of-takeover-offers

tag:eurotrack.ai,2026:30add353:en 2026-06-10T06:00:00Z

The British retail group Frasers Group (already a major shareholder) announced a cash tender offer to Hugo Boss shareholders at €38.00 per share on 10 June 2026. Update 9 Jul 2026: Hugo Boss's management and supervisory boards unanimously rejected the €38-per-share offer as inadequate; the acceptance period continues. Follow-up: on 22 July 2026 Frasers raised its stake to 30.28% by buying 2.55m shares, crossing the 30% threshold of the German takeover act — the voluntary offer effectively becomes a mandatory offer, the price stays at €38 per share with the deadline of 27 July; the management board maintains its recommendation to reject. Follow-up 27 July 2026: the European Commission granted merger control clearance for the takeover, satisfying the last regulatory condition and making the offer unconditional. The acceptance period therefore runs until 13 August 2026. The offer values the outstanding shares at around €1.93bn and the group at just under €2.7bn; the management and supervisory boards maintain their recommendation to reject it. Follow-up 31 July 2026: only around 7.30% of Hugo Boss shares were tendered during the initial acceptance period. Together with its existing holding this brings Frasers to roughly 37.6%; the additional acceptance period runs from 31 July to 13 August 2026. Update (16 Sep 2026): On 15 Sep 2026 the supervisory board elected Frasers CEO Michael Murray as its new chairman, succeeding Stephan Sturm, who had resigned; Frasers now holds two seats on the board (FashionUnited, 16 Sep 2026: https://fashionunited.de/nachrichten/personen/hugo-boss-frasers-ceo-michael-murray-ist-neuer-aufsichtsratsvorsitzender/2026091668536). Update (23 October 2026): after a €7.6m purchase Frasers now holds 50.8% of Hugo Boss and has an interest in up to a further 21.87% through sold put options; Hugo Boss thus becomes a subsidiary consolidated by Frasers (AJ Bell, 23 October 2026). — Sources: https://www.eurex.com/ex-de/rules-regs-de/kapitalmassnahmen/kapitalmassnahme-informationen/Hugo-Boss-AG-Cash-Takeover-update-on-15-Jun-2026-5322282 · https://www.ajbell.co.uk/news/articles/frasers-surpasses-50-stake-hugo-boss-after-eur76-million-purchase

tag:eurotrack.ai,2026:e6c90914:en 2025-11-25T06:00:00Z

The Sowind Group (410 employees worldwide, around 300 of them in Neuchâtel) is cutting 26 jobs at the watch brands Girard-Perregaux and Ulysse Nardin due to a slowdown in certain luxury segments. Back in 2020, around 100 of 390 jobs were cut. — Source: https://www.nau.ch/news/wirtschaft/girard-perregaux-und-ulysse-nardin-entlassen-uber-20-angestellte-67069388

tag:eurotrack.ai,2026:6f370d09:en 2025-08-05T06:00:00Z

The crystal group Swarovski is cutting around 400 jobs at its home base in Wattens by 2026 as part of a savings programme. — Source: https://www.krone.at/3950409