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LVMH Watch Chief Takes On Jewelry Portfolio
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LVMH has promoted Stéphane Bianchi to CEO of its watches and jewelry division, starting July 1. Since 2018, he has been CEO of watchmaking and of the French luxury group’s TAG Heuer timepiece brand.Bianchi will oversee...
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Retail
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Jun 08, 2020
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Rapaport News
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LVMH Pulls Out of Baselworld
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LVMH has withdrawn its four watch and jewelry brands from the 2021 Baselworld show after several other industry heavyweights quit the event.Bulgari, TAG Heuer, Hublot and Zenith will instead take...
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Watches
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Apr 20, 2020
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Rapaport News
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Bulgari Is Latest Brand to Exit Baselworld
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Italian luxury brand Bulgari has confirmed it will not be participating in the 2020 edition of Baselworld, a little over a week after Gucci announced it was exiting this year’s show.The reasons behind Bulgari’s departure were not...
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Retail
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Feb 13, 2020
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Rapaport News
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LVMH Still Has Time for Baselworld
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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...
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Polished Markets
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Apr 29, 2019
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Rapaport News
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LVMH Jewelry Sales Rise in First Quarter
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LVMH Moët Hennessy Louis Vuitton saw a jump in jewelry andwatch sales in the first quarter, led by a strong performance at Bulgari. Revenue for the category increased 9% to EUR 1.05 billion($1.18 billion) for the three months...
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Retail
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Apr 11, 2019
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Rapaport News
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TrueFacet Looks to Raise $10M from Investors
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TrueFacet, a platform for pre-owned luxury watches andjewelry, is offering nearly $10 million in shares in its latest fundinground. The New York-based marketplace has raised $7.1 million of thetarget so far, according to a December 26 filing with the...
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Retail
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Dec 30, 2018
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Rapaport News
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TrueFacet Gets Brands’ Backing for Pre-Owned
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Digital online marketplace TrueFacet has partnered withseven luxury brands to offer secondhand jewelry and watches directly toconsumers. The site lists pieces from Zenith, Roberto Coin, RaymondWeil, Fendi Timepieces, Faberge, Frederique Constant...
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Retail
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Aug 26, 2018
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Rapaport News
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Jewelry and Watch Sales Rise for LVMH
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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...
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Retail
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Apr 10, 2018
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Rapaport News
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