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Watch Brands With The Highest And Lowest ‘Digital IQ’
One of the conclusions of the report is that large, well-funded companies that already have strong brand recognition are doing much better than smaller brands. That advantage is reinforced among luxury holding companies, which again benefit from having big pockets
SIHH 2016: What The Addition Of New Brands Means For The Fair
SIHH 2016 rejuvenated by the addition of nine independent watch brands, most of which are still fairly new to the watch industry...
One-On-One With Jaeger-LeCoultre CEO Daniel Riedo
Our exclusive interview with the industry leader, who took over as CEO of Jaeger-LeCoultre last year...
Richemont’s Luxury Brands Continue to See Growth Except in China
Jewelry and watch sales through the luxury conglomerate's retail channels led Richemont to a €4.3 billion net cash position...
Richemont Investing $25M in India
Luxury conglomerate Richemont is reportedly set to invest $25,000,000 to develop retail stores in India...
Richemont Post Strong Growth in Watch Industry
Luxury conglomerate Richemont has released its annual financial report and news from its brands, including Jaeger-LeCoultre, Lange & Söhne, IWC, Piaget, Van Cleef & Arpels, Roger Dubuis and Vacheron Constantin...
Richemont’s Watch Brands Increase Sales by 18 %
This week luxury conglomerate Richemont posted their year-end financial results showing that the group’s watchmaking division is stronger than ever. The specialist watchmakers’ division posted an 18% increase in sales, reflecting growing worldwide interest in haute horlogerie. The Compagnie Financière Richemont SA owns several luxury watch manufactures, including Vacheron Constantin, Baume & Mercier, Jaeger-LeCoultre, Lange […]
Richemont Move Jaeger-LeCoultre’s Jérôme Lambert to Montblanc
Yesterday luxury conglomerate Richemont announced a shakeup in the management of two of its luxury watch brands. The Board of Directors at the Compagnie Financière Richemont SA confirmed that Jérôme Lambert, the CEO of Jaeger-LeCoultre, has been appointed to Montblanc as its new Chief Executive Officer of Montblanc. Lambert’s appointment comes in the wake of […]
Watchmakers Struggle With Supply Bottleneck As Swatch Parts Cut-Off Comes Into Effect
Luxury watchmakers are fighting for market shares of the lucrative Swiss watch industry, which the Federation of the Swiss Watch Industry FH pegs at a worth of US$23 billion. With growing demand in Asian, European and American markets, luxury watchmakers are scrambling to secure production means in order to maintain growth, but Reuters reports that there […]
Richemont Strikes Deal For Distribution of Baume & Mercier Throughout China
Luxury conglomerate Richemont have reportedly reached an agreement with Chinese jewelry company Chow Tai Fook to distribute Baume & Mercier watches throughout China. China Retail News reports that Richemont, which owns haute horlogerie brands like Jaeger-LeCoultre, Cartier, Roger Dubuis, Montblanc and Vacheron Constantin, will expand their market share of luxury watch sales. China Retail News cites a […]
Luxury Conglomerate Richemont Awarded $100 Million in Case Against Watch Counterfeiters
Luxury conglomerate Richemont, which owns haute horlogerie brands like Jaeger-LeCoultre, Cartier, Roger Dubuis, Montblanc and Vacheron Constantin, has won a $100 million judgement against counterfeiters. Women’s Wear Daily has reported that a New York Federal Court awarded the Swiss company damages after the case’s defendants Tony Chen, Fan Bao Dian and the owners of Nanyang Technology Co. Ltd. […]
As Growth Slows, Luxury Group Richemont Names New CEOs
On Friday, November 9th, as a way to help founder and controlling shareholder Johann Rupert see the luxury goods super group through a time of slowed growth in Asian, Richemont named two heavily experienced managers in the company as joint chief executives. Bernard Fornas, the 65-year old executive from Cartier and Richard Lepeu, 60, will […]
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