Samsonite first quarter 2017 sales rise 29,3%

Samsonite reports first quarter 2017 turnover of $ 733.5 million, up 29.3% (at constant exchange rates) over the same period of 2016. The business benefited from the acquisition of Tumi in August 2016. The acquisition of Tumi has led to an increase of sales of 46.4% (-0.9% excluding Tumi) in North America, + 26.4% performance in Europe (+ 13.4% excluding Tumi), while in Asia the group grew by 18% (+ 4.3% without Tumi). The new brand in the quarter registered $ 135.8 million in turnover (+ 14.6%).  The Italian market [...]

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The New Face of Luxury: Maintaining exclusivity in the world of social influence

For some time, the mass market appeal of social media seemed to be in contradiction to the privacy and exclusivity of the luxury industry, creating understandable caution among luxury brands. But with the influx of digital media platforms and the rise of social influencers, luxury brands have had to embrace (and brave) the new world of social influence. The New face of Luxury, a report produced in association with Fashion and Beauty Monitor, offers valuable insight on how the luxury industry can collaborate successfully with influencers. The report outlines interesting trends [...]

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Audemars Piguet CEO expresses optimism for future

In a struggling sector, Audemars Piguet is hiring one hundred staff and building an extension to its museum together with an adjacent hotel. “We’re one of the few watch brands to be doing well,” CEO François-Henry Bennahmias declared in a recent interview to Bilanz magazine. “Revenue for 2016 broke through the CHF 900 million mark while production remained stable at 40,000 units. Over the next five years, there will be no question of boosting production any more than we intend to increase prices. Growth is largely down to the fact we [...]

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Tiffany&Co sales decline in the first quarter to April 30

Tiffany net sales in the first quarter to April 30 amounted to $899.6 million in the period, which ended April 30. That missed the $914.4 million predicted by analysts. Same-store sales in all of its main markets were worse than analysts’ projections. In Americas, they dropped 4 percent, compared with an expected decline of 0.2 percent, while those in Asia fell 2 percent against a 1.4 percent gain. The company maintained its forecast for the year, calling for sales to grow by a low single-digit percentage. Earnings are expected to climb [...]

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Park Hyatt to open in Los Angeles in 2019

Oceanwide Plaza, the first North American development by prominent international developer Oceanwide Holdings, is set to become one of the most significant mixed-use developments in the history of downtown Los Angeles. Oceanwide Plaza will encompass a variety of lifestyle offerings including a new five-star Park Hyatt hotel, a collection of curated retailers and restaurants and a refined residential offering bringing a new level of sophistication to L.A.’s sports and entertainment district. Located directly adjacent to the Staples Center and L.A. Live, Oceanwide Plaza will comprise three residential and hotel towers along with [...]

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Guerlain opens new boutique in Brussels

Following the success of its first concept store in Paris in 2016, Maison Guerlain is now opening boutiques dedicated exclusively to fragrances in other countries. The new boutique on prestigious avenue Louise in Brussels offers an unprecedented personalization experience. More international openings will follow under the timeless signature “Guerlain Parfumeur depuis 1828”.  

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