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Cartier Forces Apple to Withdraw iPhone Applications
Apple has withdrawn from distribution two applications for iPhones that simulate the faces of famous watches after a trademark infringement lawsuit was filed by Cartier. The applications, Fake Watch and Fake Watch Gold Edition, simulated Cartier's iconic "Tank" watch face, among others. . . . keep reading
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Richemont Hit Hard by Slowdown
Richemont posted a 2% sales increase for the year ended 31 March, reflecting 10% growth in the first half followed by a 5% decline in the second half. A modest slowdown in the U.S. during the year's first six months (revenue down 1.8%) became a rout as the year progressed: revenue plunged 22.8% in the Americas from October 2008 through March 2009 compared with the same period a year earlier, according to exclusive analysis by LuxuryBrandNetwork.com. . . . keep reading
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