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Jewelry and Watches Strong for LVMH in 2019
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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...
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Retail
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Jan 29, 2020
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Rapaport News
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Kering’s Jewelry and Watch CEO Exits
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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...
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Retail
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Nov 27, 2019
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Rapaport News
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LVMH Seals Tiffany Deal for $16B
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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...
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Retail
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Nov 25, 2019
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Rapaport News
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Tiffany Wants Higher Price From LVMH
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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...
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Retail
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Nov 07, 2019
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Rapaport News
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LVMH Proposes Tiffany Takeover
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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...
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Retail
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Oct 27, 2019
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Rapaport News
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LVMH Jewelry and Watch Revenue Jumps
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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...
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Retail
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Oct 10, 2019
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Rapaport News
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Bulgari Boosts LVMH Jewelry Growth
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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...
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Retail
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Jul 25, 2019
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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 Sees Strong Jewelry Sales in 2018
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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...
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Retail
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Jan 30, 2019
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Rapaport News
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More Brands Quit Baselworld 2019
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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...
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Watches
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Oct 21, 2018
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Leah Meirovich
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De Beers Retail Unit Drops ‘Diamond’ from Name
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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...
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Retail
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Jun 21, 2018
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Joshua Freedman
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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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Asia and Europe Boost LVMH Jewelry Sales
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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...
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Retail
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Jul 27, 2017
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Rapaport News
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Luxury Veterans Join Tiffany Board
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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...
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Retail
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Feb 22, 2017
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Rapaport News
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LVMH Growth Highlights High-End Resilience
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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)...
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Retail
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Jan 29, 2017
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Rapaport News
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Diamond Shares Sparkle in Bullish 2016
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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...
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Financial-Legal
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Jan 01, 2017
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Joshua Freedman
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De Beers Opens Signature Store in New York
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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...
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Retail
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Dec 12, 2016
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Rapaport News
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LVMH Watch & Jewelry Sales Rise
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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...
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Retail
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Oct 13, 2016
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Rapaport News
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Bulgari Lifts LVMH Jewelry Sales
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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...
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Retail
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Jul 27, 2016
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Rapaport News
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LVMH Hails Smartwatch Success as 1Q Jewelry & Watch Revenue Rises
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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...
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Retail
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Apr 12, 2016
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Rapaport News
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