Page 10 - Frederic Arnault News Today

Luxury watchmaker Tag Heuer recently named Ryan Gosling as its frontman for campaigns, a big a first for the Hollywood star.

LVMH watch brands Hublot, Zenith expect sales rebound in 2021 Published 3 months ago By Silke Koltrowitz ZURICH (Reuters) – Swiss luxury watchmakers Hublot and Zenith, both part of French group LVMH, expect sales to rebound in 2021, after a difficult 2020 and a challenging start to the new year, their chief executives said on Monday. Swiss watchmakers’ sales slid last year as stores were affected by pandemic-related closures and as tourism, an important driver of the luxury watch business,...

3 Min Read ZURICH (Reuters) - Swiss luxury watchmakers Hublot and Zenith, both part of French group LVMH, expect sales to rebound in 2021, after a difficult 2020 and a challenging start to the new year, their chief executives said on Monday. Slideshow ( 2 images ) Swiss watchmakers’ sales slid last year as stores were affected by pandemic-related closures and as tourism, an important driver of the luxury watch business, collapsed. Some companies, which have a strong presence in mainland China...

A With the acquisition being LVMH Moet Hennessy Louis Vuitton SE’s biggest deal to date, and an expensive trophy asset despite the last-minute price cut, there’s little wonder that the company’s chief executive officer is sending experienced staffers from his flagship brand Louis Vuitton to oversee it. More interesting is the appointment of his 28-year-old son Alexandre to a senior role at Tiffany. It is the latest example of how Arnault, the 71-year-old LVMH founder and France’s r...

Bertrand Rindoff Petroff/Getty Images Alexandre Arnault, the former CEO of high-end luggage brand Rimowa, is now an executive at Tiffany & Co., the 28-year-old announced on Instagram on Friday. He will be based in New York as the executive vice president of product and communications at the iconic jewelry brand. LVMH, the worlds largest luxury goods conglomerate that owns Rimowa as well as 74 other luxury brands, bought Tiffany for $15.8 billion in October. Alexand...

Share How the watch business is doing in these times depends on where you’re looking, with sales in some countries virtually on hold as others cautiously recover, and one in particular speeds ahead. The watch industry is no stranger to threats to its very existence; there have been three in the past 50 years. The first came with the “quartz crisis” of the 1970s, when the introduction of cheaper – and more accurate – battery-powered watches decimated the traditional industry thanks to ...