LVMH Reports Strong First Half Results

LVMH Moët Hennessy Louis Vuitton recorded revenue of €10.3 billion in the first half of 2011, an increase of 13%. Profit for the first half rose to €2.223 million, an increase of 22% compared to the same period in 2010, which had itself shown strong growth. Organic revenue for watches and jewelry grew by 27% and profit from recurring operations increased by 73%. The Group saw sustained growth … [Read more...]

Inside Basel/Geneva 2011 Kicks Off in Chicago and Miami

IBG 2011 opened in Chicago and Miami with record numbers of participating brands and best-ever attendance. The strong turnout, coupled with the most-ever brands and independent watchmakers at each show, meant moving to larger venues for 2011, making IBG 2011 a true watch fair. Come inside to see more than 30 images from the events, and don’t forget there are four shows still to come with even … [Read more...]

More Brands Added to Inside Basel/Geneva 2011; Record Number Participating

Now in its sixth year, Inside Basel/Geneva 2011 will be bigger than ever – much bigger. The shows are fully subscribed with 30 brands and independent watchmakers participating this year. This is your chance to see the latest watches from the 2011 Swiss shows, and more. Look inside to see who will be there and to reserve your spot! … [Read more...]

LVMH Acquires Majority Stake in Bulgari

In a deal that was finalized last night, France's LVMH will acquire the Bulgari family’s majority shareholding in Bulgari S.p.A. LVMH will issue 16.5 million shares in exchange for the 152.5 million Bulgari shares currently held by the Bulgari family, making them the second largest family shareholder of the LVMH Group. The deal is valued at €3.7 billion, or about $5.19 billion. … [Read more...]

Bulgari Launches Magsonic Grande Sonnerie iPhone and iPad Apps

Bulgari's new apps for the iPhone and iPad let you explore the Magsonic Grande Sonnerie Tourbillon in high-resolution 3D. You can interact with all watch functions - the tourbillon, dial indicators and sonnerie hammers are all activated by sophisticated software developed specifically for the app. … [Read more...]

Rolex Romps 7 Million Chronometers in a Decade

Watch enthusiasts know that when it comes to producing Swiss chronometers, there are the Big Three Brands – Rolex, Omega and Breitling – and then there’s all the rest. Just how big the Big Three are in chronometer production becomes startlingly clear when you analyze Swiss chronometer output by brand over the past decade. … [Read more...]

The Good, the Bad, and the Ugly: Watch Company Financial Results for 2009

For the most part, the Great Recession of 2009 pretty much mugged corporate sales and profits. In the watch sector, for example, the Bulgari and Movado groups reported red ink for the year. But there were exceptions to the battered sales and profits syndrome. Fossil, for one, had its most profitable year ever. Here’s a survey of the full-year results of publicly traded firms who are watch … [Read more...]

A Rose Gold by Any Other Name…

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An oft-discussed topic among watch aficionados - and one that arises for us reporters each year during Basel and Geneva - is what differentiates rose gold from pink gold from red gold. I’ve been looking into how the brands use these terms, and this year, as in the past, the answers I come away with are: Everything. Or nothing. Clear? … [Read more...]

The Sotirio Bvlgari Annual Calendar

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To celebrate the 125th anniversary of the opening of their first store in Rome, Bvlgari is launching a line of watches bearing the founder’s name, Sotirio Bvlgari. Each watch in the line shares distinctive design elements. The cases are produced by Bvlgari Group member Finger, which has been making watch cases since 1898. The case lugs are the signature feature, integrated into the caseback at … [Read more...]