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Kering
Kering’s Jewelry and Watch CEO Exits
Albert Bensoussan has stepped down as CEO of Kering’s luxurywatches and jewelry division, the French retail group said Wednesday.Bensoussan joined the owner of Gucci and Yves Saint Laurent in 2014, taking responsibility for its...
Retail Nov 27, 2019 Rapaport News
Tiffany
LVMH Seals Tiffany Deal for $16B
LVMH Moët Hennessy Louis Vuitton is set to acquire Tiffany & Co. for $16.2 billion, strengthening the Paris-based luxury group’sposition in the global jewelry market and increasing its US presence. “Tiffany [is] a company with...
Retail Nov 25, 2019 Rapaport News
Tiffany LVMH
Tiffany Wants Higher Price From LVMH
Tiffany & Co. has asked LVMH Moët Hennessy Louis Vuittonto raise its initial takeover offer, claiming it undervalues the jewelryretailer’s worth, according to media reports. Last month, the Paris-based luxury group submitted...
Retail Nov 07, 2019 Rapaport News
Tiffany necklace
LVMH Proposes Tiffany Takeover
LVMH Moët Hennessy Louis Vuitton has approached Tiffany & Co. about acquiring the US jeweler for almost $15 billion, according to media reports. The Paris-based luxury group submitted a non-binding offerto Tiffany earlier...
Retail Oct 27, 2019 Rapaport News
LVMH
LVMH Jewelry and Watch Revenue Jumps
LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry andwatch sales in the third quarter, led by a strong performance at its Bulgaribrand, it said Wednesday. Revenue for the category increased 8% to EUR 1.13 billion($1.24 billion) for...
Retail Oct 10, 2019 Rapaport News
LVMH
Bulgari Boosts LVMH Jewelry Growth
Sales and profit from watches and jewelry at LVMH Moët Hennessy Louis Vuitton grew in the first half of 2019 amid a strong performance byits Bulgari brand, the company reported Wednesday. Revenue for the...
Retail Jul 25, 2019 Rapaport News
Baselworld
LVMH Still Has Time for Baselworld
LVMH Moët Hennessy Louis Vuitton will participate in the2020 edition of Baselworld, as the exhibition works to revamp its program andtailor its format specifically to the luxury retailer. The current setup will continue at next year’s...
Polished Markets Apr 29, 2019 Rapaport News
LVMH Bulgari
LVMH Sees Strong Jewelry Sales in 2018
Revenue from jewelry and watches at LVMH Moët Hennessy LouisVuitton increased 8% in 2018, amid a strong year for Bulgari, the company said Tuesday. Jewelry-and-watch revenue rose to EUR 4.12 billion ($4.71billion), driven also by good...
Retail Jan 30, 2019 Rapaport News
Baselworld
More Brands Quit Baselworld 2019
Three watchmakers have reportedly statedtheir intention to leave Baselworld following Swatch Group’s exit from the Swissshow. Zurich-based Maurice Lacroix will not participate in the 2019 event, a Baselworld spokespersonconfirmed to Rapaport News. Corum and...
Watches Oct 21, 2018 Leah Meirovich
De Beers
De Beers Retail Unit Drops ‘Diamond’ from Name
De Beers has renamed its retail chain De Beers Jewellers “toreflect the public brand identity already in use,” a company spokespersonconfirmed to Rapaport News Wednesday. The London-headquartered retailer announced the change in a filinglast week with Companies...
Retail Jun 21, 2018 Joshua Freedman
LVMH 150
Jewelry and Watch Sales Rise for LVMH
LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry andwatch sales in the first quarter amid strong market conditions, it said. Revenue for the category increased 9% to $1.18 billion (EUR959 million) in the three months...
Retail Apr 10, 2018 Rapaport News
Bulgari
Asia and Europe Boost LVMH Jewelry Sales
Revenue from jewelry and watches at LVMH Moët Hennessy LouisVuitton jumped 14% in the first half, supported by growth in the Bulgari brandand resurgent demand in Asia and Europe.Sales for the division grew to $2.16 billion...
Retail Jul 27, 2017 Rapaport News
Tiffany blue box 140
Luxury Veterans Join Tiffany Board
Tiffany & Co. has added former executives from RalphLauren Corporation and Bulgari to its expanded board, as the jewelry retailerundergoes a series of senior personnel changes.Roger Farah, a former chief operating officer of RalphLauren, will become...
Retail Feb 22, 2017 Rapaport News
bulgari lvmh
LVMH Growth Highlights High-End Resilience
LVMH Moët Hennessy Louis Vuitton reported jewelry and watchsales jumped in the fourth quarter, indicating luxury consumers shrugged off global economic uncertainty this holiday season.Revenue advanced 9 percent to $1.05 billion (EUR 982million)...
Retail Jan 29, 2017 Rapaport News
Bull
Diamond Shares Sparkle in Bullish 2016
Jewelry and diamond mining stocks gained in 2016, ridingthe wave of resurgent financial markets in the last two months of the year.The strong performance mirrored the Dow Jones IndustrialAverage, which leapt 13 percent for the...
Financial-Legal Jan 01, 2017 Joshua Freedman
De Beers Diamond Jewellers New York Madison Avenue
De Beers Opens Signature Store in New York
De Beers Diamond Jewellers unveiled its flagship New York store, in which it features rough diamonds to give customers a better sense ofthe finished product’s origin.To mark the occasion, the jewelry retailer displayed a 109-carat, type-IIa...
Retail Dec 12, 2016 Rapaport News
bulgari lvmh
LVMH Watch & Jewelry Sales Rise
LVMH Moët Hennessy Louis Vuitton reported revenue fromwatches and jewelry increased in the first nine months of the year as its iconicBulgari jewelry brand gained market share.Sales rose 3 percent to $2.74 billion (EUR 2.49...
Retail Oct 13, 2016 Rapaport News
Bulgari Chinese NY store
Bulgari Lifts LVMH Jewelry Sales
LVMH Moët Hennessy Louis Vuitton reported stronger jewelry and watchsales driven by the Bulgari brand which “outperformed the market” in the firsthalf of 2016. Revenue from the business unit increased 4 percent on both a reportedand...
Retail Jul 27, 2016 Rapaport News
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
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