LVMH boutique brand Chaumet has introduced a six-piece metiers collection including a “poetic” movement that outshines similarly crafted collections from bigger brands. The watches in the six-piece “Atrape-Moi … Si Tu M’Aimes” (Catch me of you can) collection in the Montres Precieuses line employ to perfection all the crafts of Switzerland’s artisanal workshops, including enameling, […]

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 […]

The forward-thinking CEO of luxury watchmaker TAG Heuer will be moving to Bulgari later this year. Reuters has confirmed reports that Jean-Christophe Babin, who took over as the CEO of TAG Heuer in 2000, will move to Bulgari. Both the TAG Heuer and Bulgari companies are owned by luxury conglomerate LVMH. Mariam Bouaziz, a TAG Heuer spokesperson, […]

The watch industry is buzzing as reports surface that famed retailer Harry Winston is in talks with  luxury groups to sell the watch and jewelry portion of his eponymous line. Reuters has reported that the move is likely a restructuring, to allow Winston to focus more time on his company’s mining ventures. Last month the […]

With all of the honors he has amassed, it’s hard to believe that Usain Bolt only turned 26 yesterday. To mark the day, the Hublot brand ambassador enjoyed a helicopter sightseeing tour of the Alps before being ushered to a private landing pad at the residence of company chairman Jean-Claude Biver. At the fête which […]

Swiss luxury conglomerate Richemont exhibited strong growth in 2012, despite significant investments and the heavy tariffs imposed on its goods by Chinese regulators. As the owner of several luxury brands including Cartier, Richemont is second only to LVMH in the scale of its luxury operations. For the first half of 2012, Richemont’s profits increased between […]

LVMH group announced healthy profits this week, despite the troubled European economy and faltering Chinese housing market. Revenues for the first half of 2012 topped 13 billion euros, up 26% compared to the first half of 2011. According to LVMH Chairman and CEO Bernard Arnault, sales across all 60 of the conglomerate’s subsidiaries contributed to this […]

Europe is at risk of becoming nothing more than a tourist attraction for wealthy Chinese if it does not reform, head of luxury goods group Richemont Johann Rupert said. Rupert, the South African chairman and chief executive of Richemont told a results conference call on Wednesday that a few years ago he had said, “If […]

Subsequent to the Bulgari family selling their shares of French luxury group LVMH, sales dropped 3.5%. The family was under guidance from the same financial consultant who acted as their counselor when they sold the Bulgari ‘family jewels’ to LVMH last year for a 60% premium. Bulgari vice-president Nicola Bulgari and Bulgari chairman Paolo Bulgari […]