Swiss watchmaker Rolex basel 2011

Watchmakers see strong 2011

Watchmakers gave upbeat forecasts for 2011 at the industry’s largest fair on Wednesday, although the deadly earthquake which hit key luxury consuming country Japan and Arab uprisings cast shadows over the expectations. Industry giants including Swatch and LVMH have all posted strong recoveries over 2010 and they are expecting the recovery to continue in 2011. [...]

Bernard Arnault LVMH

LVMH to Acquire Jimmy Choo?

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, seems to be having an inspirational spring shopping time. Just one week after sealing the deal to acquire Italian jewelry house Bulgari, LVMH joins the race for the celebrities’ shoemaker, Jimmy Choo. As Sunday Times reported this weekend, the shoe brand, founded [...]

Kate Moss smoking Vuitton

“Hotel Louis Vuitton”

Marc Jacobs spends a lot of time on the road, so what better theme for his fall-winter collection for Louis Vuitton than the goings-on inside a grand old hotel? To the sound of elevators arriving, uniformed bellboys opened wrought-iron doors for models stepping out in tongue-and-cheek outfits inspired by, among other things, porn films from [...]

Princess Yachts 32M

LVMH Debuts M Class Princess Superyachts

LVMH acquired UK-based yacht builder Princess Yachts in 2008 and they are now entering the superyacht sector with the launch of the first of their M class vessels. The first model in the series, the 32M, was unveiled at the London Boat Show in January 2011. It is also the first craft truly worthy of [...]

bulgari bvlagri ad

LVMH to buy Italian jeweler Bulgari

French luxury group LVMH has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal worth euro4.3 billion ($6 billion). The deal will see Bulgari’s founding family become the second largest family shareholders in LVMH behind that of Chief Executive Bernard Arnault. LVMH also announced a tender offer of 12.25 euros per share to [...]

Hermes Paris boutique

LVMH increases Hermes stake to 20 percent

LVMH said Tuesday it had increased its stake in smaller rival Hermes to more than 20 percent, sparking fresh speculation about its ultimate intentions. Mr. Arnault surprised the family behind Hermès two months ago by announcing he had racked up a 17.1% stake in their company. LVMH said in a statement to the market regulator [...]

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