The renovation hell story heard around the fashion retail world
SOFIA COPPOLA DIRECTS SHORT FILM FOR CARTIER
Cartier is reissuing its Panthère jewelry watch, a relic from the 1980’s, and it’s called on a Hollywood power player to create a short film to mark the occasion. Sofia Coppola, an Academy Award-winning director and style icon in her own right, has directed the commercial, due out on social media and in …
KERING EYEWEAR AND MAISON CARTIER ENTER EYEWEAR AGREEMENT
In a move that could turn out to shake up the luxury eyewear industry, Kering Eyewear has entered an agreement to develop, manufacture and distribute Maison Cartier eyewear. The deal includes Compagnie Financière Richemont, Cartier’s owner, acquiring a minority stake of 30% of Kering Eyewear and integrating Cartier’s manufacturing facilities in …
Richemont Q3 Sales Stall on Hong Kong Protests
Geneva– Cie. Financiere Richemont SA, the Swiss luxurygoods parent to Cartier, Van Cleef & Arpels, Montblanc etc, today reported its third quarter revenue was off for the first time in six years due to disruptions in its Hong Kong business from pro-democracy protestors there. For the quarter ended Dec. 31, …
Richemont First Half Profit Falls on Slower Asia Demand
Geneva—Citing weakened demand in China and Hong Kong for luxurygoods, Richemont today reported its first half profit fell 23% to 907 million euros (about $1.1 billion). That below the 1.05 billion euros that analysts expected due, according to Richemont, to unrealized currency hedging losses that should reverse in the second …
Cartier Exhibition at Denver Art Museum Offers Brilliant Experience
Denver–The Denver Art Museum (DAM) and Visit Denver today launched www.BrilliantinDenver.com, unveiling hotel packages that feature VIP, skip-the-line tickets, and advance group tour information for the much-anticipated exhibition, Brilliant: Cartier in the 20th Century, on view Nov. 16, 2014 through March 15, 2015. Denver is the sole worldwide venue for …
Richemont Sales Growth Slows in First Five Months
Geneva—Hit by currency exchanges, Compagnie Financiere Richemont AG, parent to Cartier, Van Cleef and other top luxury brands, reported today “subdued” sales in its first five months. For the five months ended August 31, Richemont posted only a 4% increase at constant exchange rates, At actual exchange rates, sales rose …
Richemont Full Year Profit Rises on Steadier Luxury Demand
Geneva—Cie. Financiere Richemont SA, parent to Cartier, Montblanc, Lancel and about 20 luxury brands, reported today that its full year earnings rose only 2.9%, slowed by the crackdown on luxurygoods in the Chinese market. For the year ended March 31, Richemont posted a net profit of 2.07 billion euros (about …
Richemont Reports 9% Increase in Q3 Luxury Sales
Geneva—Luxurygoods group Compagnie Financiere Richemont today reported that an increase in its third quarter sales due to a strong performance at retail in all regions. For the quarter ended Dec. 31, 2013, Richemont posted a 9% increase at constant exchange rates (a 3% increase at actual rates). Total sales rose …
The Brilliance of Cartier to Be Displayed in Exhibit
Denver—Britain’s King Edward VII once referred to Cartier as “the jeweller of kings and the king of jewellers.” A glimpse of what gave Cartier a clout to deserve such praise from the monarch will be visible later this year at a world-exclusive exhibition at the Denver Art Museum (DAM). The …
Richemont Profit Edges Down, But No Plans to Sell Brands
Geneva—Cie Financiere Richemont, the luxurygoods giant, reported today than its first half operating profit fell 0.7% due to slower sales in Asia and currency fluctuations, both of which have impacted sales at LVMH and Kering, too. Interestingly, during its earnings report, the company made clear it would not be selling …
America’s Wealthiest Women’s Favorite Brand? Tiffany, Michael Kors
New York—Which brands do America’s ultra-wealthy consumers like best? Tiffany & Co. and Michael Kors. That’s what the Luxury Institute found when it recently asked U.S. consumers with a minimum net worth of $5 million about what luxury brands they buy and their relationships with those luxury brands sales associates. …
Richemont Q3 Sales Disappoint on Slower Business in Asia
Geneva—Compagnie Financière Richemont SA, the world’s second largest luxurygoods group after LVMH, reported today that its third quarter sales slowed as its Asia Pacific sales slowed for the first time in four years. For the quarter ended Dec. 31, Richemont posted a 9% sales rise to 2.86 billion euros (about …
Tourist Sales, Currency Exchanges Help Richemont to Half Year Goals
Geneva–Compagnie Financiere Richemont AG reported today Wednesday a 23% increase in sales for the five months ended August, helped by continued positive momentum across its regions. Sales were also benefited by weakening of the euro against dollar. At constant exchange rates, the sales growth was 13%. The Swiss luxury goods …
World Luxury Association Names “Most Valuable” Luxury Brands
Beijing—It seems appropriate that the World Luxury Association (WLA), a non-profit luxury brands research and management organization, should announce its “World’s Top 100 Most Valuable Luxury Brands” here. The event, which honors the Top 100 luxury brands in fashion, beauty, jewelry, watches, cosmetics, cars, aircraft, yachts, liquor, resorts and “innovation” …
Richemont Q3 Sales Surge 24% in Watches, Jewelry
Geneva—Fears about a slowdown in luxurygoods, particularly in watches and jewelry, were allayed somewhat on Monday when Cie. Financiere Richemont SA reported continued growth in its stable of 19 watch and jewelry brands. For the quarter ended Dec. 31, Richemont posted a 24% increase in sales to 2.62 billion euros …
Madonna Portrays a Royal Windsor Scandal with Her Film “W.E.”
To enjoy this period film about a royal and historic Windsor love story/scandal, ignore all the criticism about Madonna’s directing debut and open your heart to the lush costumes and accessories. For there are many and the reward is great. Set in pre WWII-England, the story is about how King …
Luxury Brands Rebound in “Best Global Brands” Report
New York—Coca-Cola remains atop Interbrand’s 2011 Best Global Brands report for the 12th consecutive year, and tech brands, such as Apple (#8), jumped in the rankings, but luxurygoods brands rebounded by focusing on their core values and expanding into new venues via digital marketing. “I think that it would be …
Italian Police Recover $8.5 Million Worth of Evita’s Jewelry
Milan—Some $8.5 million worth of jewelry once owned by Eva “Evita” Peron, the infamous former first lady of Argentina, was found in a hotel room here on Wednesday. According to the Italian Carabinieri, who had been working with Spanish police, Peron’s diamond tiara, diamond earrings and rings were found in …
First NY Luxury Watch Show Opens May 14
New York—While most of the latest watch styles can only be seen at tradeshows in either Basel or Geneva, Switzerland, organizers are putting finishing touches on what they call “New York’s first luxury watch show.” Scheduled for May 14 to 15, “TimeCrafters” is a watch-only event featuring the latest models …
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