Following a lawsuit filed August 2012, luxury conglomerate Richemont last week won a $100m default judgement against counterfeit selling websites.
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 [...]
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 [...]
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. [...]
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 [...]
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. [...]