After 20 consecutive months of declining exports, sales of Swiss timepieces saw a 7.5 percent uptick in March, reaching 1.6 billion Swiss francs, or $1.6 billion at average exchange.
Analysts estimated that adjusted for calendar effects, sales still dropped, by around 2 percent. Yet after nearly two years of declines impacted by the crackdown on luxury gifting in China and a slowdown in Hong Kong the biggest international market for Helvetic timepieces as Chinese tourists chose other travel destinations, the uptick was seen as reassuring. The March data is likely to be seen as a turning point in the destocking cycle led by Mainland China and Hong Kong.
While sales of watches made of precious metal continued to decline, falling 0.7 percent, revenues for steel watches grew 12.5 percent and jumped 15.1 percent for bi-metallic timepieces. Continue reading
LVMH Moët Hennessy Louis Vuitton said on Tuesday it has made an offer to buy Christian Dior Couture for 6.5 billion euros, or $7.06 billion at current exchange rates, in a move that will bring the brand into the fold of its fashion and leather goods division.
Karl Lagerfeld one of the world’s most famous, prolific and admired designers receive the 2017 John B. The recognition for Lagerfeld comes as the multitasking designer readies Chanel’s cruise collection for a Paris runway on May 3 and amidst an illustrious career that has spanned more than 60 years.
After reviewing Instagram posts by celebrities, athletes and other influencers, the Federal Trade Commission has sent out 90 letters to various influencers and marketers reminding them to clearly disclose their relationships to brands when promoting products on social media.
This week, France’s Emperor of Luxury, François Pinault, received France’s high distinction, the “Dignité de Grand Croix” in the “Légion d’Honneur”.
Magi is already closely linked to Kookaï, since it produces part of the fashion retailer’s range in its factories in Sri Lanka and Fiji, and also sells them via 38 Australian stores. Magi is seeking to go more upmarket, and also to start establishing itself in North America.
“In my opinion, it is at times like these, when the results are excellent, that you need to be most attentive, most vigilant and most cautious. Indeed, experience shows there is nothing worse in a successful company than self-satisfaction, and this tends to have an effect that is both numbing and demotivating, ” Arnault told on Thursday at a meeting at the Carrousel du Louvre, not so fare from the Vuitton exposition by Koons.
The inspiring new collection of Chopard is built on the singer’s island roots Rihanna, mixing nods to the lush gardens of Barbados with the electricity of Carnaval.
Massimo Giorgetti leaves his role as creative director of Emilio Pucci. The designer says he is leaving the LVMH-owned fashion house to focus on the growth of his own contemporary label, MSGM.
The mayor of Florence, Dario Nardella is delighted that Gucci will held its next brand’s cruise show at the Palatina Gallery at Pitti Palace, which overlooks the garden recently restored, Boboli Gardens and said: “We are amazed at his ability to surprise, he’s broken out of predefined schemes, imposing his own and then breaking them himself. And this while also bringing economic success to Gucci.”
Balmain has just appointed Massimo Piombini as General Manager of Balmain to accelerate the development of the company to become the new leader of the luxe in the world.
At the head of the Puig Group, hundred pourcent of the management is made of women. The group has just announced the departure of Ralph Toledano from his position as president of the fashion division, as well as the presidency of both Nina Ricci and Jean Paul Gaultier. The only mandate Mr Ralph Toledano will unfortunately keep is the presidency of the Chambre Syndicale, French fashion’s governing body.
Azzaro is happy to announce the appointment of the French designer Maxime Simoëns as its Artistic Director. He will be in charge of the couture collections, ready-to-wear lines and men’s and women’s accessories, and will take up his new position with immediate effect.
Karl shared the first images of his new jewellery collection with Swarovski. The collection is divided into three groups: Ikonic, with a rock-chic aesthetic; Klassic Karl, inspired by Lagerfeld’s famous cat Choupette; and Essentials, made up of classic key pieces.
February 28th, rue de Bellechasse, Winter 2017 by Anthony Vaccarello directed by nathalie canguilhem soundtrack by sebastian. This is the new vision on St Laurent underband, or something like that. Blue, blue and blue. Coke excluded.
Last Friday, Carlo Calenda, Minister of Economic Development inaugurated the new Bulgari manufacturing plant and offices in Valenza, the historic jewelry hub located between Milan, Turin and Genoa. The Minister of Economic Development, Carlo Calenda stated that “International investments do help Made in Italy”.