Alleged jewel thief to plead in H.K.
HONG KONG (Kyodo) A suspect in a Tokyo jewelry theft case is set to plead guilty this month while his wife, a codefendant, will be freed, his lawyer said Tuesday. Chan Kong-yiu, 53, and his wife, Connie, 38, appeared in a Hong Kong court on charges of conspiring to steal and handle stolen goods after they were caught earlier this year with watches and jewels worth ¥247 million stolen from the …
Fossil Inc. up on $750 million stock buyback plan
NEW YORK (MarketWatch) — Fossil Inc. rose 5.5% to $48.53 on Monday morning after the maker of watches and jewelry said it set plans to buy back up to $750 million in stock. The authorization expires on Dec. 31, 2013 and repurchases may be made on the open market, in block trades or otherwise. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit …
Web Study: TAG, Tiffany tops in digital competence
TAG Heuer and Tiffany and Co. top the watch and jewelry categories, respectively, in a new US study that measures luxury brands on their digital competence.