Watches of Switzerland “cautiously optimistic” about new financial year The jewellery business has seen its fourth-quarter revenue increase by 3% to £380m, with a 10% uptick in sales in the US. The company has said that it is feeling positive about the year ahead. Read more.

Sales drop 4.7% at Tod’s in first quarter Hurt by an ongoing downturn in the Chinese luxury market, Tod's has reported a 4.7% dip in revenue at constant exchange rates in the first quarter of its financial year. Sales reached €258m. Read more.

Revenues up 18% at German luxury player Mytheresa The online platform has posted an 18% uptick in third quarter sales, boosted by strong growth in the US and a continued focus on customer loyalty. Mytheresa reported net sales of €234m. Read more.

Anglo American mulls plans for De Beers IPO According to reports, the mining company is exploring an initial public offering of its diamond business De Beers. Anglo holds 85% of De Beers, and is reportedly targeting London as the location of a potential IPO. Read more.

Quarterly revenue up 29% at On The Swiss sports shoe maker, which is backed by Roger Federer, has posted a strong set of first-quarter results and has nudged up its full-year guidance. On reported quarterly sales of $560m, up 29% from a year ago and surpassing expectations. Read more.

Geox cuts sales outlook amid inflationary pressures The shoemaker has trimmed its expectations for full-year sales and profit, citing weakness in its wholesale channel and inflationary pressures hurting customer demand. Read more.