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2 Jun

Panerai Opens Largest Global Store in Recent York City

Panerai is opening its largest-ever global store in Recent York City on Friday. The two,250-square-foot space at 711 Madison Avenue marks the debut of what the brand is looking its Casa Panerai — a flagship of greater than 2,150 square feet that showcases the watchmaker’s full offering and the breadth of its history. In line with chief executive officer Jean-Marc Pontroue, Panerai is on something of a “retail offensive.” Within the last five years, it has opened around 100 stores worldwide. In Recent York City, the Compagnie Financière Richemont-owned, Italian-born company had long held an area at 703 Madison Avenue, but that store — at 400 square feet — was too small for the extent of interest and foot traffic. Panerai, in response to...
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11 Sep

Prada and Panerai Cut Ties With China Ambassador Li

LONDON — Chinese actor Li Yifeng, the face of Prada, Panerai, Remy Martin and L’Oréal Paris, has been detained by the authorities for repeatedly visiting prostitutes, which is against the law in China. In line with the state-run media CCTV, Li’s misconduct, which he confessed, was exposed during a criminal investigation. While the unique announcement from the Beijing Municipal Public Security Bureau regarding the detention on Weibo didn't disclose his full name, CCTV confirmed that it was the actor, 35, citing sources from “authoritative channels.” Prada and Panerai said shortly after the news broke that each brands have terminated Li’s ambassadorship. Li is the newest high-profile goal in China’s crackdown on the entertainment industry, following a slew of huge Chinese stars like...
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