LVMH

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

Monochrome Monday: Introducing the “Real” TAG Heuer Carrera CH80

TAG Heuer Carrera Calibre CH80 - reworked-Black

A few months ago, TAG Heuer presented a brand new in-house calibre called 1969. It was clear then that Baselworld 2014 would be the place where TAG Heuer would unveil a new watch containing that movement. And the brand did present a very nice one, the Carrera CH80, a retro-style Carrera inspired by the very first 1960s versions. What we didn’t expect, was that the CH80 presented in Basel wouldn't actually be the final version, and that some small but significant changes were planned. For that … [Read more...]

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...]

Hublot Launches Tonneau-Shaped “Spirit of Big Bang” During SIHH 2014 Week

Hublot Spirit of Big Bang - Gold

After three days in the hallowed halls of the Geneva Palexpo, discovering new watches from the brands exhibiting at the 2014 SIHH, your WatchTime team ventured out to the Geneva hotels in which other watch companies were unveiling new products. The SIHH, which primarily but not solely, hosts brands owned by the Richemont Group, has become such a magnet for retailers and watch journalists worldwide that several other non-Richemont brands take advantage of the week to introduce new products ahead … [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...]

The Big Fix: Behind Girard-Perregaux’s Makeover

Michele Sofisti

The new Girard-Perregaux Chrono Hawk goes under the microscope in WatchTime's November-December issue, on sale now. In this feature from the June 2013 issue, we delve into how new Sowind Group CEO Michele Sofisti plans to cure what's been ailing that Swiss high-horology brand. … [Read more...]

Family Values: Patek Philippe’s Thierry and Philippe Stern

Thierry and Philippe Stern of Patek Philippe

Geneva’s Stern family has owned and operated Patek Philippe for 76 years. When it comes to making watches, they say, family matters. Click here to read WatchTime editor-in-chief Joe Thompson's up-close-and-personal profile of Philippe and Thierry Stern from our December 2008 issue. … [Read more...]

2011: The Year in Review Quiz, Part 1

2011quiz1_190

It's December, and you know what that means. It's time to look back. Have you been paying attention for the past 12 months? You knew there would be a quiz, right? Say goodbye to 2011 with this little test the focuses on some of the most (and least) important stories of the year. As always, the answers appear at the end. Good luck! … [Read more...]

Marc Michel-Amadry Appointed Managing Director of Sotheby’s Switzerland

amadry_165

Marc Michel-Amadry has been named as managing director of Sotheby’s Switzerland. Mr Michel-Amadry will divide his time between Sotheby’s Zurich and Geneva. Sotheby's said the re-establishment of a pan-Swiss management structure reflects the growing importance of the company's business in Switzerland and will enhance its ability to provide client services. … [Read more...]

Michele Sofisti Appointed CEO of Sowind Group

gp_sofisti_165

PPR announced in Paris today the appointment of Michele Sofisti as CEO of Sowind Group, effective immediately. He will be seconded by Stefano Macaluso, Managing Director for Girard-Perregaux, and Massimo Macaluso, Managing Director for JeanRichard and the Manufacture, who remain in their current positions. Sofisti will also continue to serve as Chief Executive Officer Gucci Group Watches and Jewellery, and Member of the Board of Directors of Gucci Timepieces Hong Kong, China, Taiwan and Japan. … [Read more...]

EU Probes Watch Manufacturers Over Parts Supply Policies

parts_1652

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_graphic2

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 in the U.S., Europe and Asia. … [Read more...]

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

TAG Heuer Celebrates Opening Of North American Flagship

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

lvmh_bulgari_165

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...]

2010: The Year In Review Quiz, Part II

pt_2_title_2

Once again we look at the biggest and smallest stories of the year. Were you paying attention? As always, the answers appear at the end. Good luck! … [Read more...]

LVMH Acquires Stake in Hermès

lvmh_hermes_160

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%

lvmh_graphic1

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...]

Rolex Romps 7 Million Chronometers in a Decade

cosc_10_200

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...]

Ulysse Nardin, Audemars Piguet Raise Eurozone Prices as Sales Rebound

rs_un_160

Reuters correspondent Silke Koltrowitz interviewed Ulysee Nardin President and CEO Rolf Schnyder and Audemars Piguet CEO Philippe Merk at the Global Luxury Summit in Paris earlier this month. Both men said their sales are increasing, and each has raised Eurozone prices as the Swiss franc strengthens against the euro. The franc has risen about 4.6 percent against the euro this year. … [Read more...]

Louis Vuitton Tambour Spin Time GMT

lv_1601

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") while the cube in the current hour position displays the current hour numerically. The cubes have … [Read more...]

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

article_graphic_200

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 industry players. … [Read more...]