Lvmh Group

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  TAG Heuer Pushing Brand In China, Says CEO

  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.

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  TAG Heuer Watch Sales Seen Rising Over 10% This Year: Report

  The head of luxury group LVMH's Swiss watch-making business expects sales of the TAG Heuer brand, which includes "smartwatches" that connect to the Internet, to rise by at least a tenth this year, he told Swiss newspaper Le Temps.

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  Swiss Makers Quietly Gear Up With Smartwatches of Their Own

  Luxury and fashion groups Richemont, LVMH, Swatch and Guess have been busy in the past year tinkering with smartwatches of their own.

• Hong Kong Protests, China Slowdown Takes Sparkle Off Luxury Market

  Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms.

• Overseas Funds Seek to Buy Stake in Aditya Birla Retail for $400-500 Million: Report

  L Capital, Temasek Holdings and International Finance Corp are in advanced talks to buy a 30 per cent stake in the retail arm of Aditya Birla Group for about $400-500 million (Rs 2400-3000 crore at 1 dollar = 60 rupees), two sources with direct knowledge of the matter told Reuters.

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  Apple Watch 'Too Feminine' Says LVMH's Head of Luxury Watches

  Jean-Claude Biver, who heads the French group's luxury-watch division, said Apple had made "some fundamental mistakes" designing the Apple Watch.

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  Google and LVMH Unite Against Fake Online Luxury Goods

  LVMH is a leading group in the growing global market for luxury products, but faces the mounting problem of copycat products sold at huge discounts.

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  Apple Poaches Another Luxury Executive as iWatch Nears

  Tag Heuer, part of luxury goods group LVMH, said on Friday its vice president for sales, Patrick Pruniaux, who had been with the brand for seven years, was leaving on Monday to join Apple. It did not say what his new job would be.

• In China, the Devil doesn't wear Prada

  The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt government officials flashing luxury labels way past their pay grades.

• LVMH fined 8 million euros over Hermes stake-building

  France's market watchdog AMF on Monday fined luxury-goods group LVMH 8 million euros for failing to properly disclose its stake-building in rival Hermes before 2010.

• France's richest man's bid to be Belgian suffers setback

  Belgian prosecutors have advised against giving citizenship to Bernard Arnault, France's richest man and chief executive of luxury group LVMH whom critics accuse of seeking to avoid French taxes.

• China, India consumer spending to triple by 2020 to $10 trillion: study

  Consumer spending in emerging market powerhouses China and India is expected to triple by 2020 to a combined $10 trillion a year, potentially helping to boost economic growth and corporate profits in the developed world, researchers said on Tuesday.

• Hermes complaint against LVMH over stake building

  French leather bag maker Hermes said on Tuesday it had filed a complaint on July 10 against LVMH, the world's biggest luxury group, over LVMH's building of a stake of over 20 per cent in its smaller peer.

• How world's small luxury firms are surviving downturn

  Smaller European brands hope Chinese customers, as well as the newly rich from Russia and central Asia, see the appeal of a tasteful shop in Paris.