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Industronics Bhd is tapping on the US$17 billion pre-owned luxury watch market through Ecgo International Ltd, its wholly-owned subsidiary in Hong Kong. This follows the launch of Industronics’ luxury watch e-commerce platform, watch-exchanges.com. Executive…
Seems like everybody loves Mario the plumber. The iconic game character has appeared in more than 200 game titles since its first debut back in 1981. And now the Italian pipe-hero has found its way to the smartwatch industry. Tag Heuer – the luxury swiss…
Swiss luxury timepiece maker Tag Heuer has launched a pop-up at Shibuya Parco, Japan. The “Tag Heuer Connected” store delivers a futuristic ambiance in luxurious and stylistic tones featuring the colors of the brand against black. The store showcases Tag…
The world’s largest luxury retailer LVMH shrugged off broader market pessimism overnight reporting record revenue of €46.8 billion last year, up 10 per cent over 2017. Excluding the closure of the unprofitable Hong Kong airport duty-free business in December…
LVMH has tapped Stéphane Bianchi, the former CEO of the cosmetics firm Yves Rocher, to succeed Jean-Claude Biver as head of LVMH’s watch division. Biver, who recently turned 69, stepped down from his operational duties as president of the LVMH watch division…
MR PORTER launched The Luxury Watch Guide, a new online destination for its ever-expanding selection of the world’s leading watch brands, including IWC Schaffhausen, Jaeger-LeCoultre, Breitling, TAG Heuer, Officine Panerai, Ressence and more. The Luxury Watch…
In a world-first concept, every aspect of the store is modular from the digital façade and displays to the decor. It offers customers immersion in the brand universe with its omni-channel buying experience. A highlight are the iTags, the brand’s connected…
It has been another record year for luxury products group LVMH Moet Hennessy Louis Vuitton. Revenue increased by 13 per cent year on year to reach €42.6 billion (US$52.9 billion), while organic revenue growth was 12 per cent. All business groups recorded…
LVMH sales surged 15 per cent in the latest quarter to €9.88 billion (US$10.477 billion). That was nearly €400 million more than analysts had been expecting, with the result driven across all of the luxury group’s business units. Fashion and leather goods,…
Swiss watchmaker Tag Heuer has launched a flagship store on Tmall. The opening of Tag Heuer on Tmall takes to five the number of LVMH units to have a presence on the Alibaba-owned site. The launch is the latest sign of luxury goods makers, faced with slower…
Beauty products brand Innisfree is launching in Indonesia with brand curator Time International. Part of Korean global beauty company AmorePacific Group, Innisfree offers products made with natural ingredients from Jeju, a volcanic island off the southern…
Luxury brands need to use new technologies and offer experiences for their customers, the second Luxury Society keynote event in Shanghai has been told. UCO Cosmetics CEO Arthur Zhang told the event that the early-stage eCommerce model of simply providing a…
Tag Heuer sales have soared as the LVMH-owned luxury watch brand defies the downturn in the Swiss watch industry. And now the company is eying a greater presence in China, undeterred by the routing of the luxury retail market in Hong Kong. It has opened 60…
Revenue plunged by 21.5 per cent for jeweller Luk Fook Holdings (International) to reach HK$5.5 billion (US$709 million) for the six months to September 30. Its interim results also show a drop of 31.5 per cent in overall same-store sales for the period.…
Project X, a multi-brand boutique that caters to young creative minds, has launched at Plaza Indonesia in Jakarta. From Time International, Project X offers a new take on men’s and unisex casual fashion and lifestyle. Its curated retail concept introduces 22…
With sales slipping in the industry’s largest market, the annual Watches & Wonders exhibition in Hong Kong may be cut back to every two years. High-end watchmakers are looking at a shift in strategy in Hong Kong in the face of the most severe downturn the…
