Designers

De Grisogono to cut 41 jobs due to poor jewellery sales

In a statement the company said it plans to cut 31 positions in Switzerland, out of a total of 104, and up to 10 worldwide

Swiss jewellery and watch brand De Grisogono will be cutting up to 41 jobs after sales of its high-end jewellery failed to meet expectations.

The brand said it had to reduce production capacity to reflect the “challenging conditions in some key markets” and is “scaling back ambitions” to become the world’s leading high-end jewellery and watch brand.

It added that it wanted to focus on more affordable fine jewellery pieces, which have made it a success in the past.

Show More

Alessandro Carrara

Alessandro is a trained journalist just getting started in the writing arena. He’s madly obsessed with Japanese culture, a passionate reader and adores niche video games. When he isn't getting sore thumbs from playing classic Nintendo games, he’s working as an editorial assistant for Mulberry Publications. Feel free to drop him a line with any story ideas.

Related Articles

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker
[index]
[index]
[523.251,1046.50]
[523.251,1046.50]
[523.251,1046.50]
[523.251,1046.50]