Richemont Appoints Lepeu as Deputy Chief Executive (Update2) (Bloomberg)

March 26 (Bloomberg) — Cie. Financiere Richemont SA , the world’s largest jewelry maker, named Richard Lepeu deputy chief executive officer as the company seeks to strengthen its management after last year’s slump in demand for luxury goods.

Business Diary: 12/03/2010 (Independent)

Time to take on the CBI, British Tourism Week Britons failed to take an average of seven days of their holiday entitlement over the last year, according to British Tourism Week.

Swatch watches industry crisis from a pedestal (Swissinfo)

The fact that watchmaking giant Swatch handily outperformed its competitors last year amid a disastrous export market is no surprise, says one industry insider.

Russian pawnshops thrive as banks tighten lending (AP via Yahoo! News)

During the depth of the credit crisis in Russia last year, when banks were charging exorbitant interest rates for loans, some businessmen raised cash by less conventional means — pawnshops.

Hotels see hope despite economic crisis (Swissinfo)

The number of overnight stays in Swiss hotels fell last year by almost five per cent – the first decrease in three years – as the financial downturn began to bite.