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The Swiss watch and jewelry company said the move signifies the importance of the U.S. market to its brand.
The retailer’s Designer Spotlight program aims to find up-and-coming jewelers from small and minority-owned businesses to showcase on a new online platform.
The jewelry company attributed the job cuts to the toll the coronavirus pandemic has taken.
The jewelry company will donate up to $1 million to support the charity’s mission of protecting vulnerable children and their families from the spread of COVID-19.
In a letter to U.S. governors, the Retail Industry Leaders Association called for a uniform approach to safety measures amid the coronavirus pandemic.
The 202-year-old company, known for its classic suits, owns the Alexis Bittar and Carolee jewelry brands.
Bruce Lake joins the company with more than 30 years of experience at companies including Rolex, David Yurman, Forevermark and Mémoire.
The layoffs are part of the watch company’s plan to cut costs amid economic hardships brought on by the COVID-19 pandemic.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.