Swarovski CEO's focus on "modern luxury" to return the 131-year-old company to profitability
Summary
Swarovski is overhauling its brand to position itself as modern luxury, using celebrity partnerships and entertainment franchises to broaden appeal. The company is aiming to return to profitability as it updates how it markets and packages its crystal products.
Why it matters
Profit recovery here depends less on product novelty and more on whether Swarovski can credibly command modern-luxury pricing in a crowded middle market.