Jaeger-LeCoultre Archives - Inside Retail Asia
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion.
Richemont Asia-Pacific sales soared 23 per cent in the five months to the end of August, with China and Hong Kong performing particularly well.
Jaeger-LeCoultre Philippines has reopened its flagship store in Ayala Center’s Greenbelt 5 in Makati.
Richemont results released Friday in Europe showed group sales down 4 per cent, with watches down 15 per cent.
Japanese lifestyle brand Muji Canada is expected to expand to Vancouver next year.
Richemont Asia stores are set to be culled as the company reports sagging sales everywhere in the region except Mainland China.
In a first for the market, a TimeVallee Watch Boutique has opened inside Japan Duty Free Ginza, in the Mitsukoshi Ginza Store in Tokyo.
Taubman Asia, managing the Macau Studio City retail component, has named the tenants already signed up.
Korea’s Hyundai Department Store will reveal a 490 million won (US$453,500) Swiss luxury watch this month.
Chinese watch retailer and wholesaler Hengdeli Holdings is to expand into the mid market as it mainland China business grows.
Luxury retail group Richemont says third quarter sales were down 12 per cent in Asia Pacific, on a constant currency basis. The company says worldwide sales in the quarter to December 31 were flat, with growth in Europe, the Middle East and the Americas offset by a significant decline in Asia Pacific. Swiss based Richemont is the world’s second largest luxury brand company and parent of the Dunhill, Cartier, Jaeger-LeCoultre, Montblanc, and Van Cleef & Arpels brands, along with onlin…
Luxury travel retailer DFS Group has opened its sixth annual DFS Masters of Time collection in Macau. This year’s collection of 400 fine watches – and for the first time, jewelry items – from 40 of the world’s most prestigious brands is on display at T Galleria by DFS, the anchor of The Shoppes at Four Seasons. The collection will remain for public sale and viewing until February 28. Harold Brooks, president, global merchandising with DFS Group said the collection has been caref…