Baselworld 2015: Tag Heuer, Google and Intel just announced a major partnership to create smartwatches to rival Apple March 19, 2015 Luxury watchmaker Tag Heuer is partnering with Google and Intel to go head-to-head in the emerging smartwatch battleground. The trio announced their plans to team up today at the Swiss trade fair Baselworld, and between them they could produce something that knocks Apple's efforts out of the park. The announcement described it as “a [...]
FTSE 100 stocks rise again on merger activity – London Report April 14, 2015 MINING stocks helped take the FTSE 100 close to another record high yesterday while potential deal activity also gave the stock market a boost. Miners such as Anglo American, Rio Tinto and BHP Billiton rose 2.8 to 4.1 per cent as metal prices bounced up off their earlier lows. The UK mining index was up three [...]
Mulberry bags itself a new chief executive Thierry Andretta nearly a year to the day since Bruno Guillon left March 12, 2015 Premium bag brand Mulberry has named its new chief executive, nearly a year to the day since Bruno Guillon left. Thierry Andretta, currently an independent non-executive director, will pick up the reins from April 7. Andretta has a strong pedigree, having held senior roles as Lanvin, Moschino, the Gucci Group, LVMH and Celine. [...]
Apple Watch: This is what luxury watch stocks are doing after Apple’s smartwatch launch March 10, 2015 After the fanfare of the Apple Watch, stocks in the world’s traditional luxury watchmakers dipped lower as the historic industry faces up to the modern age. The Swiss watch industry, where the majority of luxury watches are made, exported 28.6m units in 2014, while analysts are predicting challenger Apple (in the watch arena at least) will [...]
Mulberry hires fashion guru as non-executive December 2, 2014 MULBERRY said yesterday it had hired former Barneys fashion director Julie Gilhart as a non-executive director as the troubled luxury brand continues on a hiring spree to help turn itself around. Gilhart, 56, spent 18 years at the US department store, working in various roles. However, she was forced to step down in 2010 as [...]
Peak performance January 28, 2015 Named after the highest point reached by a star in the night sky, Zenith has certainly scaled the heights of modern watchmaking throughout its 150 years of continuous innovation – an anniversary being marked with aplomb in 2015. 1865 At just 22, the founder of Zenith, Georges Favre-Jacot, revolutionises watchmaking by uniting all its professions [...]
Mulberry bags Johnny Coca for its creative lead November 27, 2014 MULBERRY has hired Celine designer Johnny Coca to be its new creative director, ending a year-long search for the crucial post and sending shares two per cent higher yesterday. Coca will leave his post at Celine, where he is head design director of leather, shoes and accessories, in January. However, he will not join Mulberry [...]
Tag Heuer is planning a smartwatch after Apple Watch launch September 15, 2014 Apple might have one more watchmaker a little hot under the collar with the Apple Watch. Luxury watch brand Tag Heuer has told a Swiss newspaper it’s planning to launch a smartwatch a week after Apple launched its much-anticipated smartwatch. Jean-Claude Biver of Tag Heuer owner LVMH said "We want to launch a smartwatch at [...]
Fashion group LVMH slows down October 15, 2013 LVMH, the world’s biggest luxury group, yesterday posted an unexpected slowdown in sales growth at its fashion and leather business, which includes the Louis Vuitton, Celine and Dior brands. The Paris-based group said growth at its biggest division was four per cent on a like-for-like basis in the nine months to 30 September, against five [...]
Luxury brands’ share prices are falling today. Here’s why June 6, 2014 Yesterday's shock results from luxury stalwart Prada have had a knock-on effect this morning. The brand lost over six per cent, hitting a two-year low, after announcing a surprise fall in quarterly sales and suggesting a possible slashing of its full-year guidance. And this morning, it's dragging down other major luxury retailers with it. Shares [...]