LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The outgoing head of its watch division admitted the world's biggest trade show needs to make changes in 2020 and bring prices down for exhibiting brands.
This week, Jean-Claude Biver relinquishes his operational responsibilities as the head of LVMH's watch division, while Katja Konradi and Nadine Frichot join the management at Marc Bain.
Luxury watchmakers have been grappling with a combination of weak demand in Hong Kong and the United States, and Chinese tourists avoiding Europe for fear of militant attacks.
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
The head of luxury group LVMH's Swiss watchmaking business said on Saturday the company is pushing its TAG Heuer brand in the Chinese market, as rivals scale back their investments due to weaker demand.
Music festivals like Coachella, which attract influential, social-media savvy audiences, can be powerful marketing platforms, but ‘festival fatigue’ is a real risk.
The president of LVMH’s watch division has always been a disruptor. But with the Tag Heuer Connected watch, has he got the solution to a Swiss watch industry in decline?
Hublot will probably be the next LVMH watch brand to add smart functions, following TAG Heuer’s footsteps, according to LVMH's watch chief.
TAG Heuer will increase production of its smartwatch in coming months after receiving requests from retailers, agents and subsidiaries for some 100,000 timepieces.
LVMH's Tag Heuer has become the first Swiss watchmaker to offer a "smartwatch" to customers, as it seeks to tap a growing market for wearable devices amid flagging sales of traditional watches.
LVMH watch chief Jean-Claude Biver said 2016 is set to be a tougher year for the Swiss watch industry because of the economic slowdown in China.
LVMH will launch a rival product to Apple Inc's Apple Watch, according to Jean-Claude Biver President of the LVMH Watch Division.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.