Rolex SA and Rolex Bienne, two companies that have been associated for decades in the production and supply of Rolex movements, have decided in the interest of all of the group’s firms, and to ensure their continued existence, to proceed with an economic merger. The operation will take place through the acquisition of a minority shareholding by Rolex SA in Rolex Bienne Holding. Rolex SA will be represented on the Rolex Bienne Holding and Rolex Bienne boards by two directors. [...]
On 6 May this year in New York, Lucerne watch manufacturer Carl F. Bucherer celebrated its official entry into the American market. The company’s launch evening took place in Manhatten’s Gotham Hall and was attended by guests from the world of the economy and show business.
The company’s activities in North America are the responsibility of Carl F. Bucherer North America Inc, a joint venture formed for this purpose by Bucherer Montres SA and an American watchmaking partner. With its headquarters [...]
Last December, watch designer Rodolphe Cattin officially launched the Rodolphe brand in the United States. On this occasion, a large number of Hollywood celebrities were present at Rodeo Drive, the mythical Beverly Hills address, including the star of the TV show The Simple Life, Nicole Richie, daughter of Lionel (in our photo with the evening’s host). Guests were able to admire the new creations of the Jura based firm at a very glamorous private reception at the jewellers Westime. The [...]
The world leader in luxury products, Moët Hennessy Louis Vuitton (LVMH), reported sales worth 2,849 million euros in the first quarter of 2004, 2% up on the same period last year (2,801 million). Organic growth, at constant exchange rates, reached 10%.
While practically all of the group’s business areas contributed to this excellent result, watches and jewellery were well out in front with sales 17% higher at 113 millions euros (organic growth: 30%). Next came wines and spirits with sales up [...]