Zenith CEO dismissed
Thierry Nataf, CEO of the horology brand Zenith for the LVMH group, will be leaving his post. After having joined the business in 2001, he must quit his position by the end of the month...
Luxury
Finlay doubts ability to continue as going concern
Jeweler Finlay Enterprises Inc, crippled by liquidity woes, said on Friday 1 May there was "substantial doubt" about its ability to continue as a going concern, according to a regulatory...
Tiffany buys bankrupt Lambertson Truex handbag company
Tiffany & Co said on Friday 1 May it is buying bankrupt U.S. handbag maker Lambertson Truex as the high-end jeweler seeks to expand its array of leather goods.
Swarovski moves into horology
Swarovski is expanding into the horological sector. Presented at an advance preview in Bale, the first collection is no half measure, consisting of forty-five models in various shapes and...
Nina Ricci launches its first line of bags
New ideas and new products are bursting out of the Nina Ricci fashion house. After the announcement that Peter Copping would be in charge of artistic direction, the Ricci house will be...
Luxury stocks hit by fear swine flu stopping travel
Luxury goods stocks continued to slide on Tuesday 28 April as the swine flu outbreak raised fears it could hold back travellers, traditional buyers of upmarket handbags, watches and other...
Axa Private Equity looking for a buyer for Daum crystal
A source close to the company confirmed to AFP today the news that Axa Prvate Equity is on the lookout for a buyer for the Lorraine based cystal producer Daum, which it acquired in 2000.
Cartier cuts working hours as demand dwindles
Richemont, the world's second-largest luxury goods group behind LVMH, is cutting working hours at its main Cartier factory as the economic slowdown dampens demand for pricey timepieces.
Hermès considers sales on mobile phones
At the same time as the deployment of online shopping, Hermès is considering necessary technology adaptations to sell on internet capable “smart phones”. “The technology is developing...
Emanuel Ungaro presents the ‘Hand Made’ shirt by Franck Bouclet
Franck Boclet is inspired by “the ancient tradions of master tailors”. The artistic director for men’s collections at the fashion house Ungaro since 2007 has leapt back into the past with...
Escada launches broad refinancing package
German fashion house Escada launched a broad refinancing package that aims to raise fresh cash, cut debt and replace a 200-million-euro bond to secure its survival.
Designer Prada closed 2008 in line with '07
Italian fashion house Prada closed 2008 in line with the previous year and plans further retail investments, Chief Executive Patrizio Bertelli said in a newspaper interview published on...
Swiss watch exports tumble again, most markets hit
Exports of Swiss watches fell for a fifth month in row in March, with sales in the key markets of Hong Kong and the United States dropping fast as spending on luxury items shrank, data...
Gold imports hit Swiss trade surplus
Switzerland's trade surplus was cut by over 27 percent in the first quarter due in part to a boom in imports of gold ornaments from Asia that are being melted down and made into bullion,...
Diageo and Moet Hennessy, a deal made in heaven?
Diageo Plc, the world's biggest spirits group, would love to get its hands on Hennessy and Moet & Chandon, respectively the globe's best selling cognac and champagne, but the idea may...
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