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Tiffany Joshua LOndon 150
LVMH-Tiffany Trial Set for January
A US court has approved Tiffany & Co.’s request to fast-track its lawsuit against LVMH, scheduling a four-day trial starting January 5, 2021.The timeline means a ruling would come after the final deadline for LVMH’s takeover...
Retail Sep 22, 2020 Rapaport News
Tiffany
LVMH and Tiffany Lock Horns over Trial Timing
LVMH has asked a court to delay Tiffany & Co.’s lawsuit against the luxury group, prompting the US jeweler to renew its allegations of foul play by its would-be acquirer. Tiffany had petitioned the Delaware Chancery...
Retail Sep 17, 2020 Rapaport News
TIffany store 150
Tiffany Messed Up During Covid-19, LVMH Says
LVMH plans to countersue Tiffany & Co. after the companies’ $16 billion marriage turned sour, accusing the US jeweler of management errors during the coronavirus.“[Tiffany’s] first-half results and its perspectives for 2020 are...
Retail Sep 10, 2020 Rapaport News
Sarine Tiffany
LVMH Scraps Tiffany Deal; Tiffany Sues
LVMH has abandoned its acquisition of Tiffany & Co., citing a trade dispute between the US and France and a disagreement over the timing of the deal.Tiffany has sued LVMH in response, claiming that the luxury...
Retail Sep 09, 2020 Rapaport News
Bulgari store in Ginza, Tokyo.
LVMH Revenue Dives as Tourism Dries Up
LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.The category endured the...
Retail Jul 28, 2020 Rapaport News
Houruniverse
Baselworld Owner Creates New Trade Show
Baselworld owner MCH Group has established Houruniverse, a new trade fair for the watch, jewelry and gemstone industries that will run virtually throughout the year and feature an annual live event.Buyers and...
Polished Markets Jul 27, 2020 Rapaport News
Stéphane Bianchi.
LVMH Watch Chief Takes On Jewelry Portfolio
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...
Retail Jun 08, 2020 Rapaport News
Tiffany Toronto store
LVMH-Tiffany Deal Faces Uncertainty
The LVMH board met on Tuesday to discuss its takeover of Tiffany & Co., fueling rumors that the $16.2 billion deal was less certain than before Covid-19.The panel of directors “focused its attention on the...
Retail Jun 04, 2020 Rapaport News
Bulgari store London
LVMH Pulls Out of Baselworld
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...
Watches Apr 20, 2020 Rapaport News
LVMH
Bulgari Endures First-Quarter Decline
LVMH saw a slump in jewelry and watch sales in the first quarter as the COVID-19 pandemic led to the closure of most of its global stores.Revenue for the category fell 24% to EUR 792 million ($861.3 million)...
Retail Apr 19, 2020 Rapaport News
Tiffany
Tiffany Gives $1M to Pandemic Relief Efforts
Tiffany & Co. has donated $1 million to aid efforts to stem the spread of COVID-19, with a portion allocated toward providing essential medical supplies to New York.The jeweler will contribute $750,000 to the COVID-19 Solidarity Response...
Retail Apr 07, 2020 Rapaport News
LVMH Updat
LVMH 1Q Revenue Could Fall up to 20%
LVMH expects its revenue for the first quarter to drop as the coronavirus outbreak has led to the closure of many of its stores.“The measures taken by public authorities to combat the COVID-19 pandemic have resulted in the...
Retail Mar 30, 2020 Rapaport News
Tiffany
Tiffany & Co. Revenue Flat at $4.4B in 2019
Tiffany & Co. reported solid sales in fiscal 2019 as it introduced new products and sold higher-value jewelry.Group revenue was flat at $4.4 billion for the year ending January 31, matching the record annual...
Retail Mar 22, 2020 Rapaport News
Bulgari store 150
Bulgari Is Latest Brand to Exit Baselworld
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...
Retail Feb 13, 2020 Rapaport News
LVMH
Jewelry and Watches Strong for LVMH in 2019
Sales of jewelry and watches at LVMH increased 7% in 2019 amid a strong year for Bulgari.Revenue from the categories rose to EUR 4.41 billion ($4.85 billion), driven by Bulgari’s Fiorever collection, which contributed significantly to growth following...
Retail Jan 29, 2020 Rapaport News
Sewelo diamond
Louis Vuitton Buys 1,758ct. Diamond from Lucara
Lucara Diamond Corp. has sold Botswana’s largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.The mining company will receive an up-front...
Rough Markets Jan 16, 2020 Rapaport News
Phillips Paul Redmayne
Fourth Bonhams Jewelry Expert Joins Phillips
Phillips has appointed Paul Redmayne head of private jewelry sales as part of its efforts to expand its jewelry department internationally, the auction house said Monday.Redmayne, who will be responsible for managing relationships with top...
Polished Markets Jan 13, 2020 Rapaport News
Intersection in front of Tiffany Fifth Avenue
Tiffany Holiday Revenue Rises as US Recovers
Tiffany & Co. noted a “momentum shift” in the Americas during the holidays, as growth in the region contributed to an overall increase in sales for the season.Company-wide revenue climbed by 1% to 3% year on year for the period from November...
Retail Dec 26, 2019 Rapaport News
Altagamma
Pomellato CEO to Lead Altagamma Jewelry Unit
Italian luxury-goods industry group Altagamma has appointedPomellato CEO Sabina Belli as vice president of its jewelry division. Belli will take on the role in addition to her responsibilities at Pomellato. She has been with the Kering-owned...
Retail Dec 18, 2019 Rapaport News
Pandora
Ex-Bulgari Executive to Join Pandora
Pandora has hired Carla Liuni as chief marketing officer as the jeweler continues it efforts to reignite consumer demand. Liuni was general manager of Procter & Gamble’s luxury personal-care division, Prestige, for 20 years. She joined...
Retail Dec 18, 2019 Rapaport News
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