26          STATE OF THE MAJORS 2026
11. BUCHERER GROUP*	
LANGENSANDSTRASSE 27, LUZERN LU 6005, SWITZERLAND    +41 41 369 70 00
TYPE OF COMPANY:...............................................Specialty Retail Chain
2025 JEWELRY AND WATCH SALES:.................................. $892 million
PREVIOUS YEAR’S SALES:................................................$886.6 million
NO. OF LOCATIONS THAT SELL JEWELRY AND WATCHES:.............32
KEY EXECUTIVES: Guido Zumbühl, CEO; Nicholas Brunschwig, 
President; Jean-Frederic Dufour, Vice President; Patrick Marc 
Graf, Chief Commercial Officer; Kilian Müller, Chief Sales Officer, 
Bucherer Group and President and CEO, Bucherer USA; Michael 
Chapman, SVP, Retail Operations and Service, Bucherer USA
KEY BRANDS: Jewelry: Bucherer Fine Jewellery, Chanel, Messika, 
Rahaminov, Roberto Coin, Serafino Consoli. Watches: Armin 
Strom, Baume & Mercier, Bell & Ross, Blancpain, Breguet, Breitling, 
Cartier, Chanel, Chopard, Czapek, Franck Muller, Girard-Perregaux, 
Glashütte Original, Grand Seiko, H. Moser & Cie., Hamilton, 
Hautlence, Hublot, IWC Schaffhausen, Jacob & Co., Jaeger-LeCoultre, 
Lobner, Longines, Nomos, Norqain, Omega, Oris, Panerai, Patek 
Philippe, Ressence, Rolex, TAG Heuer, Tissot, Tudor, Ulysse Nardin.
WEBSITE: Bucherer.com, Tourneau.com
*Bucherer is owned by the Rolex Group.
12. MULTIMEDIA COMMERCE GROUP INC.*	
9600 PARKSIDE DRIVE, KNOXVILLE TN 37922 
865-692-6000
TYPE OF COMPANY:.................................................... TV/Online Retailer
FISCAL YEAR ENDING DATE:.................................................End of June
2025 JEWELRY AND WATCH SALES:...............................$711.3 million
PREVIOUS YEAR’S SALES:................................................$707.8 million
NO. OF LOCATIONS THAT SELL JEWELRY AND WATCHES:...............1
KEY EXECUTIVES: Bart Sichel, President; Kris Kulesza, Chief 
Merchandising Officer; Chris Meystrik, Chief Technology Officer; 
Donna Burns, Chief Service Officer; Chip Smith, Chief Marketing 
Officer; Craig Shields, Chief Digital Officer
KEY BRANDS: Jewelry: Bella Luce, Charles Winston for Bella 
Luce Jewelry, Judith Ripka, Moda al Massimo, Prazana Lab-Grown 
Diamonds, Timna, Vanna K for Bella Luce. 
WEBSITE: JTV.com
*Multimedia Commerce Group, Inc. is the parent company of Jewelry 
Television, JTV.com, GemStore by Jewelry Television (JTV’s only standalone 
retail store), and JTV Gold Exchange.
13. SAKS GLOBAL*	
225 LIBERTY ST., FLOOR 31, NEW YORK NY 10281 
877-551-7257
TYPE OF COMPANY:..................................................... Department Store
FISCAL YEAR ENDING DATE:............................. Beginning of February
2025 JEWELRY AND WATCH SALES:...............................$658.4 million
PREVIOUS YEAR’S SALES:................................................$650.6 million
NO. OF LOCATIONS THAT SELL JEWELRY AND WATCHES:.............58
KEY EXECUTIVES: Geoffroy van Raemdonck, CEO; Brandy Richardson, 
CFO; Darcy Penick, President, Chief Commercial Officer; Lana 
Todorovich, Chief of Global Brand Partnerships, Kim Miller, Chief 
Customer Officer; Cheryl Han, Chief Marketing & Digital Officer; 
Tracy Margolies, President, Bergdorf Goodman
KEY BRANDS: Jewelry: Armenta, Boucheron, Bulgari, Chopard, 
David Yurman, De Beers Jewellery, Dinh Van, Foundrae, Gabriel & 
Co., Gucci, Ippolita, John Hardy, Marco Bicego, Mikimoto, Monica 
Rich Kosann, Paul Morelli, Pomellato, Roberto Coin, Sydney Evan, 
Temple St. Clair, Verdura, Vhernier. Watches: Breguet, Bulgari, 
Chanel, Chopard, Fendi, Ferragamo, Franck Muller, Gucci, Hermès, 
Michele, Piaget, Shinola, Versace, Zodiac.
WEBSITE: SaksGlobal.com
*Saks Global declared bankruptcy in January 2026. The company is 
restructuring under Chapter 11, not liquidating, with plans to keep the main 
luxury stores Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman 
open. Saks Global is in the process of closing stores.
14. TARGET CORP.	
1000 NICOLLET MALL, MINNEAPOLIS MN 55403 
612-304-6073
TYPE OF COMPANY:..................................................... Department Store
FISCAL YEAR ENDING DATE:........................................... End of January
2025 JEWELRY AND WATCH SALES:...............................$535.1 million
PREVIOUS YEAR’S SALES:................................................... $561 million
NO. OF LOCATIONS THAT SELL JEWELRY AND WATCHES:.......1,995
KEY EXECUTIVES: Michael Fiddelke, CEO; Jim Lee, EVP and CFO; 
Lisa Roath, COO; Prat Vemana, EVP and Chief Information and 
Product Officer; Melissa Kremer, EVP and Chief Human Resources 
Officer; Cara Sylvester, Chief Merchandising Officer
KEY BRANDS: Jewelry: A New Day, Created Forever Lab-Grown 
Diamonds, Universal Thread. Watches: A New Day, Apple, Bulova, 
Caravelle, Casio, Citizen, Olivia Pratt, Timex.
WEBSITE: Target.com
Continued on page 28
$100M SUPERSELLERS

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