LVMH

LVMH watch news, blog posts, updates and other posts about LVMH watches as well as LVMH watch infos. LVMH watches are available globally.

Hublot Breaks Ground on Its New Manufacture

Hublot Manufacture groundbreaking - Biver & Guadalupe

To accommodate its continued growth, and to further assist in the verticalization of its watch production, Hublot began construction of a second building that will more than double the surface area of its existing manufacture in Nyon, Switzerland. … [Read more...]

Time is Money: The 26 Richest Swiss Watch Barons

Swatch Group CEO Nick Hayek Jr.

Each year the respected Swiss business magazine, Bilan, publishes a list of the 300 richest Swiss with a rough estimate of their fortunes. For this article in WatchTime's November-December issue, on sale now, we examined the 2013 list to see which members of the watch industry made the ranking. Here they are: … [Read more...]

EU Probes Watch Manufacturers Over Parts Supply Policies

European Union (EU) antitrust regulators have announced that they will investigate claims that luxury watch manufacturers are refusing to supply spare parts to independent watchmakers and repairers, a breach of EU competition rules. The European Commission did not identify the companies involved in the probe, however Swatch Group has confirmed that it is one of the targets. … [Read more...]

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...]

TAG Heuer’s First U.S. Boutique: The Store, and the Story Behind It

TAG Heuer formally opened its first-ever USA boutique with a ribbon-cutting ceremony at Crystals at CityCenter in Las Vegas on June 2. Attendees included TAG Heuer worldwide CEO Jean-Christophe Babin and Philippe Pascal, president of the LVMH Watch & Jewelry Group. WatchTime spoke with both. We look at the store, and the strategy behind it. … [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...]

LVMH Acquires Stake in Hermès

LVMH, owner of TAG Heuer, Hublot and Zenith, has acquired 17.1% of French fashion house Hermès for approximately $2 billion. Founded in 1837, Hermès is perhaps best known for scarves, ties and handbags, though the company also produces a range of fashion watches, as well as fine watches in its Pièces d'exception line. … [Read more...]

LVMH Watch and Jewelry Sales Jump 29%

Revenue for the Watches and Jewelry division of LVMH, the world’s largest luxury group, climbed to €687 million for the first nine months of 2010, an increase of 29% over the same period last year. Overall LVMH achieved revenue of €14.2 billion for the period, up 19% over 2009. The company noted that momentum continued to be very strong in Asia, Europe and America. … [Read more...]

Louis Vuitton Tambour Spin Time GMT

What is Spin Time? Does it determine whose top wins? Is it from particle physics? Perhaps in some neighborhoods, but not here. Spin Time is an innovate new collection from Louis Vuitton featuring watches with no hour hands. Instead, each of the 12 hour positions is occupied by a rotating cube. At any given hour, eleven of the cubes show a blank face (actually they display a subtle letter "V") … [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...]

Hublot Manufacture Officially Inaugurated

hublot_manufacture_150

Yesterday Hublot officially inaugurated is new manufacture and offices. Hublot CEO Jean-Claude Biver welcomed LVMH Group Chairman and CEO Bernard Arnault and Philippe Pascal, President of the LVMH Timepieces and Jewellery division. Various celebrities, friends of the brand, partners, as well as representatives from local authorities and the press attended the celebration. … [Read more...]

Executive Sweep

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September was a tough month for watch executives, and not just because of the continuing slump in sales. A small army of top executives – three worldwide CEOs, and five U.S. ones – resigned or were fired. … [Read more...]