RAPAPORT… LVMH Moët Hennessy Louis Vuitton acquired all shares of ArteCad SA, a manufacturer of Swiss watch dials. The transaction will enable LVMH to further reinforce its industrial integration in watch-making and its independence in the strategic area of watch dials. LVMH already produces mechanical movements as well as cases, dials and bracelets.
ArteCad currently employs …
RAPAPORT… ValueVision Media, the multichannel retailer operating as ShopNBC (www.shopnbc.com) Inc, anticipates third quarter net sales of $135 million representing growth of approximately 2 percent year-on-year. Sales of watches missed expectations and fell 12 percent year on year, however, jewelry sales rose. Gross profit is expected to rise approximately …
RAPAPORT… H.Samuel is expanding its watch collection in-store and online with the introduction of Lacoste and Adidas watches. H.Samuel, one of Signet’s retail chain stores in the U.K., offers a variety of brands including Swarovski, Rotary, Guess and Hot Diamonds amongst the ranges of jewelry, collectibles and watches.
The Adidas collection features colored digital watches and stone-se…
RAPAPORT… The official Formula 1 (F1) watchmaker, Hublot, revealed its new F1 King Power Suzuka watch today in Japan ahead of the 2011 Formula 1 Japanese Grand Prix. The timepiece is impressed with white and red colors, inspired by Japan’s flag, and combined with the F1 logo, a ceramic bezel with a circular-grained satin finish adorned with multiple holes to represent a high performance brake di…
RAPAPORT… The Movado Group reported a 33 percent year on year increase in second-quarter revenue for fiscal-year 2012 at $113.2 million and the cost of sales rose 28 percent to $52.3 million for the three months that ended on July 31. On a constant exchange rate basis, net sales increased 26 percent year on year. Movado posted profit of $4.4 million compared with a loss of nearly $21 milli…
