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China luxury Shoppers
Making Luxury More Affordable in China
Diamond dealers still see China as the engine of industry growth but Premier Xi Jinping’s government can do more to encourage its development. As the country transitions to a consumer-driven economy, luxury products such as jewelry are considered expensive...
Retail Apr 27, 2016 Avi Krawitz
Bulgari LVMH
LVMH Hails Smartwatch Success as 1Q Jewelry & Watch Revenue Rises
LVMH Moët Hennessy Louis Vuitton’s watches and jewelry salesjumped 7 percent in the first quarter driven by an “excellent” performance fromBulgari and the “immense success” of the company’s connectedsmartwatch.With sales of $884.1 million (EUR 774million), watches...
Retail Apr 12, 2016 Rapaport News
bulgari lvmh
LVMH’s 2015 Jewelry Sales +19% as Bulgari Performs Strongly
LVMH Moët Hennessy Louis Vuitton reportedwatch and jewelry revenue grew 19 percent to $3.69 billion (EUR 3.31 billion)in 2015 over the previous year on stronger Bulgari results and a successfulrefocusing of TAG Heuer. Taking into...
Retail Feb 04, 2016 Rapaport News
lvmh diamonds
LVMH, Arnault, Catterton Join Hands to Create Consumer-Focused Private Equity Firm
Luxury giant LVMH Moët Hennessy Louis Vuitton haspartnered with private-equity group Catterton and French business magnate BernardArnault to set up what the trio claims will be the world’s largestconsumer-focused investment firm.As part of the...
Financial-Legal Jan 07, 2016 Rapaport News
lvmh diamonds
LVMH Buys Stake in Italian Jeweler Repossi
French luxury retailer LVMH Moët Hennessy Louis Vuitton hasacquired a minority stake in family-run Italian jeweler Repossi for anundisclosed sum.The partnership will enableRepossi to develop its distribution network while benefitting from LVMH’smanagerial know-how,...
Retail Dec 01, 2015 Rapaport News
bulgari lvmh
LVMH 9-Month Sales +18%, Watches and Jewelry +22%
LVMH Moët Hennessy LouisVuitton reported an 18 percent increase in revenue to $28.8 billion (€25.3billion) for the first nine months of 2015, with its watches and jewelrybusiness jumping 22 percent. Jewelry and watch salestotaled $2.7 billion...
Retail Oct 13, 2015 Rapaport News
bulgari lvmh
LVMH's Jewelry Division Operating Profit +91% to $227M
LVMH reported that revenue rose 19 percent year on year to $18.5 billion (EUR 16.71 billion) in the first half of 2015. However, organic growth, based on a comparable structure and constant-exchange rates, rose only 6 percent, meaning...
Financial-Legal Jul 28, 2015 Rapaport News
Bulgari Chinese NY store
Weaker Euro Boosts LVMH's 1Q Revenue
LVMH reported that a weaker euro helped to push the sales total of watch and jewelry up 19 percent year on year to $765 million (EUR 723 million) in the first quarter that ended on March 31. On a constant-exchange-rate basis,...
Retail Apr 13, 2015 Jeff Miller
bulgari lvmh
LVMH's Jewelry, Watch Sales +3% in 2014
LVMH reported that revenue rose 10.1 percent year on year to $10.6 billion (EUR 9.241 billion) in the fourth quarter that ended on December 31 and full-year sales rose 6 percent to $35 billion (EUR 30.64 billion)....
Financial-Legal Feb 03, 2015 Jeff Miller
bulgari lvmh
LVMH's Jewelry, Watch Sales +2%
LVMH reported that revenue rose 4 percent year on year to $27 billion (EUR 21.4 billion) for the nine months that ended on September 30. The watches and jewelry segment recorded growth of 2 percent at $2.5...
Financial-Legal Oct 14, 2014 Jeff Miller
lvmh
LVMH, Google Agree to Combat Online Counterfeits
Luxury retailer LVMH and digital services brand Google have signed a cooperation agreement, committing to enhance their resources in an effort to tackle the advertising and sale of counterfeit goods online.The deal ends a decade-long legal dispute...
Financial-Legal Sep 05, 2014 Jeff Miller
bulgari lvmh
LVMH, Hermés Reach Deal to End Shareholding Conflict
LVMH and Hermès reached a conciliatory agreement to end an ongoing shareholding conflict between the two competing luxury groups. LVMH had amassed a 23 percent stake in Hermes during the past four years, which resulted in a fine...
Financial-Legal Sep 03, 2014 Jeff Miller
bulgari lvmh
LVMH's Jewelry, Watch Sales -1% in 1H
LVMH reported that revenue improved 3 percent year on year to $18.9 billion (EUR 14 billion) in the first half of the year, while the luxury group's share of profit slipped 4 percent to $2 billion (EUR 1.51 billion). LVMH's...
Financial-Legal Jul 24, 2014 Jeff Miller
bulgari lvmh
LVMH, eBay Cooperate to Combat Counterfeit Goods
Press Release: Luxury retailer LVMH and online auction portal eBay announced a cooperative effort to protect intellectual property rights and combat counterfeits in online commerce. Thanks to the cooperation measures put in place, the companies...
Marketing Jul 17, 2014 LVMH
tag heuer
Apple Recruits Tag Heuer Executive for iWatch Launch
TAG Heuer's vice president of sales, Patrick Pruniaux, left the Swiss luxury watch brand to take up a new position at Apple on July 7, Reuters reported. Tag Heuer is owned by luxury goods group LVMH. A Tag Heuer spokesperson...
Watches Jul 06, 2014 Deena Taylor
bulgari lvmh
LVMH's Jewelry, Watch Sales -2% in 2013
LVMH reported that revenue rose 2.4 percent year on year to $11.3 billion (EUR 8.4 billion) in the fourth quarter that ended on December 31 and full year sales increased 4 percent to $39.4 billion (EUR 29.15...
Retail Jan 31, 2014 Jeff Miller
bulgari lvmh
Trapani Resigns as LVMH Jewelry Head
LVMH announced that Francesco Trapani, the current head of watches and jewelry, will step down from his position on March 1. Trapani's change in roles follows the successful integration of Italian brand Bulgari into the...
Retail Jan 21, 2014 Deena Taylor
lvmh
LVMH Creates Luxury Retail Training Program for Chinese-Americans
LVMH Moët Hennessy Louis Vuitton, in partnership with the Chinese-American Planning Council (CPC) and Parsons: The New School for Design, created the education program, LVMH Fundamentals in Luxury Retail: A CPC/Parsons Collaboration, which...
Research Dec 12, 2013 Jeff Miller
bulgari lvmh
LVMH's Jewelry, Watch Division Sales -2% in 3Q
Luxury group LVMH's revenue rose 1.7 percent year on year to $9.5 billion (EURO 7.02 billion) in the third quarter that ended on September 30; however, at constant-exchange rates, organic growth, reflecting comparable-stores sales, rose...
Financial-Legal Oct 15, 2013 Jeff Miller
lvmh
LVMH Acquires Hotel Saint-Barth Isle de France
LVMH Moët Hennessy Louis Vuitton acquired Hotel Saint-Barth Isle de France from the majority owner Adventurous Journeys Capital Partners and others for an undisclosed sum. The hotel is located on the island of St. Barthélemy...
Marketing Jul 31, 2013 Jeff Miller
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