Chinese interest for luxury watches is growing. The big players get bigger Chinese consumers are becoming more educated and sophisticated A near 40% increase in searches shows that the interest for luxury watches in China remains strong despite a macroeconomic slowdown, according to the “World Luxury Index China: Watches” study launched by Digital Luxury … Read more
Luxury retailer Georg Jensen sold to Investcorp Teaming up with luxury sector entrepreneur David Chu, to cultivate a leading global luxury brand Scandinavia’s leading luxury retailer Georg Jensen, founded by the eponymous Danish designer in 1904, was sold to Investcorp group for $140 million. As part of this transaction, Investcorp has teamed up with David … Read more
Digital IQ Index: Watches & Jewelry 2012 edition For the second year in a row, Tiffany & Co. has earned the top position in L2’s “Digital IQ Index: Watches & Jewelry” ranking, a study which benchmarks the digital competence of 47 prestige Watches & Jewelry brands across four dimensions: site, digital marketing, social media, and … Read more
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
From September 14th to 23rd, French Syndicat National des Antiquaires (SNA) invited worldwide antique lovers to discover a selection of preciuous pieces with the occasion of the XXVI° Biennale des Antiquaires, one of the most prestigious fairs organized for over 50 years, where the best professionals of the world display their most luxurious objects. The … Read more