The European Commission opened formal anti-trust proceedings on Friday into allegations that several luxury watch producers colluded to refuse supplying spare parts to independent repairers.
Louis Vuitton, the luxury leather goods maker owned by industry giant LVMH, on Thursday said it had acquired for an undisclosed amount the Swiss watch manufacturer La Fabrique du Temps, its partner since 2007.
Demand for art, watches, rare wines, vintage cars and other offbeat investments that set pulses racing expanded in 2010 as wealth levels of the world's super-rich rebounded from the financial crisis, a report said.
Estée Lauder Companies Inc. has just opened an Asia Innovation Center, located in Shanghai, which will develop products tailored to the specific needs of Chinese and Asian skin.
Swatch Group, the world's largest watchmaker, is on track for a record year in 2011, the company's chairwoman said on Tuesday.
Harry Winston Inc, the luxury jewelry and watch retailer, is looking to more than double its store count in five years by tapping lucrative markets such as China, Russia and Dubai, its top executive said on Tuesday.
Watch maker Fossil Inc posted quarterly results that beat market estimates as its domestic market and direct-to-consumer sales rose, but forecast a second-quarter profit below expectation.
It seems like price tags is the last thing on the minds of the “golden youth” from the Arabian Gulf when shopping for luxury gifts. They want goods that are unique and yet recognisable – that is one of the conclusions drawn from a study by Groupe Chalhoub.
Fashion is increasingly global, but cultural heritage and innovation are essential to keep the original from becoming the ordinary, a gathering of international fashion schools heard on Wednesday.
On April 13th, Christopher Bailey hosted Burberry’s biggest event to date, celebrating Britishness, music and technology in China. Also marking the recent opening of the brand’s flagship store in Beijing, the show is available to watch at Burberry.com.
Swiss police have handed to Interpol images of suspects believed to have stolen four diamonds from the world's biggest watch and jewellery fair in the city of Basel, a spokesman from the local prosecutor's office said Thursday.
Time is up for oversize and flashy luxury watches that actually tell you the hour. Real luxury is now the ability to stop time.
With the younger generation opting to use their smartphones to tell time, the watch-making industry is being forced to get smart and high-tech to recapture consumers.
Italian jeweller Bulgari more than doubled its dividend on the back of higher profits in 2010, as it looks to synergies from the merger with French luxury giant LVMH this year.
Phillips-Van Heusen Corporation, one of the world’s largest apparel companies, and Ritmo Mundo, a luxury watchmaker, have entered into a licensing agreement under which Ritmo Mundo will market and distribute Izod watches in North America.
