According to Bloomberg reports, LVMH is in talks to buy Tiffany & Co. Given the high-end jewellery sector’s relative resilience to downturns comparative to high-end watchmaking prompting even Kering Group’s Gucci to open a jewellery boutique on Place Vendome, the takeover bid by the owner of …
Tag Archive for Richemont
Luxury Companies Are Consolidating but Still Offering Diversity
According to a new report from Baker McKenzie, Michael Kors’ Versace takeover, Richemont’s move for complete Yoox Net-A-Porter Group control and LVMH’s Belmond buy show that luxury brands are diversifying their holdings into new markets and territories. As consumers’ interests continue to grow, t…
Cartier is Committed To Responsible Sourcing and Ethical Mining
Trust is the pledge which binds Cartier and its customers together in every field, i.e. the quality and provenance of stones, the beauty and originality of the creation, the excellence of workmanship, the level of technical performance, attentive service and, in a world which is increasingly conc…
Luxury Aficionado Deremi Ajidahun, and the Business Of Luxury Retail in Africa
Deremi Ajidahun, CEO of Hole19 Group and Zakaa retail stores, is determined to change the way Nigerians purchase fine watches and is often congratulated by Swiss CEOs on the appetite of Nigerians vacationing in Paris, London or New York for these luxury goods. The African retailer responds to thi…
A Look at the Risky Business Inside Major Luxury Groups.
As we approach the summer holidays, we can take a breath, stop and analyze what will become the talk of the season in September. The most important luxury groups are all harvesting steady or stellar revenues growth and worldwide appreciation. They are cashing in– but all that glitters is no…