Tag Archives: Richemont

Top 10 Luxury Firms 2016 Revealed

Deloitte’s reveals, for the third year running, the best performing companies in global luxury. Now, we usually argue against paying heed to how well luxury companies are doing, earnings wise, because this doesn’t tell you anything about the products or the experience. Also, some firms, such as Rolex, are not particularly transparent as they are not public. Anyway, for those who care, Deloitte’s annual Global Powers of Luxury Goods ranking sees the parent companies behind Louis Vuitton, Cartier and Estée Lauder retain their places at the top of the list. The AFP has the following details on it.

French-based LVMH, full name LVMH Louis Vuitton Moët Hennessy SE, also owns Bulgari, Chrisitian Dior, Emilio Pucci, Donna Karan, Marc Jacobs, Hublot, TAG Heuer, Moët Chandon, Dom Perignon and Benefit Cosmetics. Based on figures from 2014 (the most recent data available, apparently), it is also the world’s biggest luxury conglomerate.

Swiss company Richemont (Cartier, Dunhill, Lancel, Montblanc, Jaeger-LeCoutre, Piaget) comes in second, with the US’s Estée Lauder group (MAC, Clinique, Jo Malone) in third. The top three retain their places from 2015’s equivalent Global Powers of Luxury Goods report.

Italy’s Luxottica manufactures eyewear under the its own Ray-Ban, Persol and Oakley brands as well as for Chanel, Armani, Versace, Prada and more, and moved up one place to fourth.

Also moving up one were Switzerland’s Swatch (Breguet, Longines, Omega) and France’s Kering (Gucci, Saint Laurent, Balenciaga), with Hong Kong jewelry group Chow Tai Fook moving from fourth to seventh.

L’Oreal Luxe (Lancôme, Biotherm, Kiehl’s), Ralph Lauren, and PVH (Calvin Klein, Tommy Hilfiger) completed Deloitte’s top ten, which is cam out June 7.

cartier panther ad campaign

Luxury watch superstore to target Chinese in Paris

cartier panther ad campaign

Luxury Swiss retail giant Richemont, owner of such brands as Cartier, Piaget and Jaeger-LeCoultre, is to open the world’s largest shop for luxury watches in Paris.

Business Montres quoted an internal memo saying a three-storey 2,200 square metre (24,000 square foot) shop would open early 2013.

The shop would take over the premises of the landmark Old England shop near the Place Vendome, famous for its luxury watch shops and hugely popular with Middle Eastern and Asian tourists, in particular Chinese.
Continue reading

Shanghai Tang Mongolian Village hong kong

Pop-Up Mongolian Village By Shanghai Tang

Shanghai Tang Mongolian Village hong kong

They may now not have a formal home but the people at Hong Kong’s Shanghai Tang brand are still making consumers sit up and take notice.

After 17 years at the Pedder Building in Central, Shanghai Tang lost the bid for the space to Abercrombie & Fitch, which will pay two and half times the previous rent.

And now Shanghai Tang takes up residence from Friday night on Hong Kong’s iconic Victoria Harbour — inside a series of Mongolia “gers” or traditional houses.
Continue reading

Swiss watchmaker Rolex basel 2011

Watchmakers see strong 2011

Swiss watchmaker Rolex basel 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.

Swiss exhibitors underlined that January sales were up 16.9 percent over a year ago and predicted that 2011 would be a new record year for the industry.
Continue reading

wondergirls chloe

China shifting to no-logo luxury

wondergirls chloe

The tastes of China’s wealthy are shifting away from designer goods with flashy logos to more understated luxury brands, the chief executive of French fashion house Chloe said Friday.

That shift has helped Chloe become one of the Swiss luxury goods company Richemont Group‘s fastest-growing labels in China, its CEO said.

“China has been very fast at picking up the most well-known brands,” Geoffroy de la Bourdonnaye said in a group interview.
Continue reading

Mont Blanc Time Walker TwinFly Chronograph

Mont Blanc Time Walker TwinFly Chronograph

Mont Blanc Time Walker TwinFly Chronograph

Mont Blanc starts off 2011 with a limited edition variant of their Time Walker timepiece which is set to be presented during the SIHH event.

The watch is encased in blacked-out DLC-coated stainless steel and features a Flyback Chronograph which is powered by a 36 jewel Swiss Automatic movement developed for Montblanc via Richemont’s ValFleurier.

The caliber features a twin-barrel winding system that stores enough power to animate the watch for as long as 72 hours.
Continue reading

Ralph Lauren Sporting Watch

Ralph Lauren Sporting Watch

Ralph Lauren Sporting Watch

The new Ralph Lauren Sporting Watch draws its inspirations from Ralph Lauren’s antique car, the 1938 Bugatti Type 57SC Atlantic coupe.

The watch’s aesthetics combine the luxurious wood finish of the Bugatti with a matte black dial, all of which are reminiscent of the car’s interior.

Arabic numerals for increased legibility, arrow-shaped hour and minute hands, as well as an elm burl frame, are all among the highlights of the new product.

The Ralph Lauren Sporting watch is powered by a manual-winding mechanical movement, caliber RL98295, made by IWC, featuring a power reserve of 45 hours.

This timepiece features a sapphire crystal case back, revealing the movement’s Côtes de Genève and Perlage finish work on the plate.

The new Ralph Lauren Sporting Watch carries a price tag of $13,200. Autoevolution

Ralph Lauren Bugatti Type 57SC Atlantic Coupe

Net-à-Porter opens men’s shop

Online designer store Net-à-Porter has finally confirmed the launch of a men’s division: Mr Porter will open in January, but you can already register online.

The site will launch for the S/S 2011 season, with an edited line-up which includes global designer labels and niche brands, as well as editorial and style advice.

Mr. Porter will feature brands such as Burberry, Ralph Lauren, YSL, Gucci, Margiela, Balmain, Margaret Howell, Rick Owens, John Lobband and Dunhill.
Continue reading

Luxury brand diversification does have limits

There are limits to how far a luxury company can diversify its operations without diluting its brand or confusing consumers, experts said this week.

A jeweler might successfully launch a perfume but a handbag maker might not and it is easier for a jeweler to look credible producing watches than it is venturing into making handbags, they said.
Continue reading

Richemont Buys Net-a-Porter

Global luxury giant Richemont said on Thursday it was buying up a pioneering 10-year-old web-based women’s fashion retailer, Net-a-Porter, founded by a former editor and valued at 350 million pounds.

The Swiss group already owns one third of the business, which was created by former fashion journalist Natalie Massenet and employs 600 staff in London and New York.

The deal will turn the website into one of the luxury goods company’s hallmark “maisons,” alongside standalone brands such as Cartier, Dunhill, IWC, Piaget and Van Cleef & Arpels.

Massenet will remain as chief executive and will invest in a Richemont unit being created to own the online business, the Swiss group said in a statement.
Continue reading

China’s luxury market can be tough to crack

China may become the world’s biggest luxury market in some years but cultural challenges to win customers’ hearts for certain types of products remain, industry executives said this week.

Champagne house Taittinger said it could make high-end sparkling wine in China but the market was not ready for it yet…

… while Lamborghini said the country’s tradition of luxury chauffeurs, bigger than sports driving, made expansion there a challenge.
Continue reading