BLOOMBERG Rolex SA is upending the world of luxury watch retailing by buying Bucherer AG in a deal that gives the Swiss brand a major presence in consumer sales for the first time. In a move that could have long-term consequences for rival retailers, the world’s largest luxury watchmaker will now control Bucherer’s more than 100 stores globally. Although the ...

BLOOMBERG  The owner of Amsterdam’s airport urged the Dutch government to provide clarity about the highly-contested plans to restrict capacity at the hub following the collapse of the ruling coalition. Royal Schiphol Group said plans to cut capacity by 8% starting this winter were at an impasse amid legal challenges to the measures by airlines as well as Prime Minister ...

BLOOMBERG Gap Inc reported second-quarter comparable sales and revenue that missed the average analyst estimate, underscoring ongoing weakness at the retailer’s four brands. The results come three days into Chief Executive Officer Richard Dickson’s tenure, who joined the company from Mattel Inc after his success with the Barbie franchise. While Dickson has yet to lay out a vision for the ...