Richemont acquired Varin-Etampage and Varinor (‘VVSA’) Richemont, the Swiss luxury goods group, has acquired 100 % of the capital of VVSA in a private transaction with the shareholder group. Based in Delémont since 1962, VVSA is a high-end manufacturer of stamped exterior components for watches, gold refiner and producer of semi-finished precious metal products destined … Read more
Saks Incorporated Announces Opening of Saks Fifth Avenue Store in Almaty, Kazakhstan The growing and vibrant Almaty, Kazakhstan has its own tri-level, approximate 91,000 square foot Saks Fifth Avenue store – the first of its kind in Kazakhstan. The new store will include a VIP Club for both women and men and offer an ongoing … Read more
Richemont Group Campus Genevois de Haute Horlogerie Richemont Group reinforces its roots in Geneva and its involvement in the local economy with an investment of over 100 million Swiss francs. The large and innovative project is called the « Campus Genevois de Haute Horlogerie ». The project will result in the creation of a 30,000 … Read more
Alain Delon sale of 100 watches the French actor had collected over 50 years, attracted collectors, fans, and buyers from China, that took part by phone at Cornette de Saint-Cyr auction. The watch collection included top brands such as Rolex, Cartier, Blancpain, Audemars-Piguet, Vacheron Constantin and Breitling. Auction house Cornette de Saint-Cyr told AFP that … Read more
The French luxury group Richemont (Jaeger-LeCoultre, Van Cleef & Arpels, Montblanc, Vacheron Constantin and Shanghai Tang) opened a “retail academy” in Shanghai (China) aimed to fight against poor customer service, one of the biggest issues facing the luxury industry within China. Accepted applicants to the Richemont program will take part in nine weeks of training, … Read more
World’s Top 100 Most Valuable Luxury Brands World Luxury Association’s official report on 2012 shows that China has become the world’s largest consumer of luxury goods. The report predicts: With the phenomenon of RMB appreciation and depreciation of the Euro and the number of Chinese traveling to Europe in 2012, total consumption of luxury goods … Read more