10 Things Rocking the Industry



1. LuxuryWhile the high-end market in the United States remains mixed, there is evidence of a worldwide comeback, as shown by the Swiss luxury group Richemont’s half-year results, announced Nov. 20. The luxury juggernaut’s sales for the six-month period ending Sept. 30 increased 37 percent, while profits jumped a whopping 87 percent. ­Jewelry sales climbed an equally impressive 32 percent, and the company’s Cartier and Van Cleef & Arpels brands logged double-digit growth. These nice numbers came from all regions, particularly Asia. Even the ­Americas, said the group, did well, “albeit compared to very weak comparative figures.”2. ChainsShane Co. finally emerged from 21 months in ­Chapter 11 protection on Nov. 10, after the U.S. Bankruptcy Court for the District of Colorado approved its reorganization. The new plan allows the 20-store Denver-based ­jeweler to remain open
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