Christmas Calendar 7: Gift ideas

Christmas Calendar 7: Gift ideas: Chopard “For you” earrings

-The For You collection is a perfect embodiment of this fine jewellery expertise and brings a light and airy touch to the High Jewellery world. Cherry blossoms are at the center of this line inspired by springtime and introducing white gold jewellery sets featuring rings and earrings studded with diamonds or emeralds, the company says.

 

Merry Christmas Greeting Blog Graphic-10

Lifestyle

Christmas Calendar 5: Gift ideas

Christmas Calendar 5: Gift ideas: Tudor “Black Bay Bronze”

Tudor´s Black Bay Bronze model measures 33.8 millimetres, the widest diameter of all the company´s calibres. The watch´s rotor is “satin-brushed with sand-blasted details, and its bridges and plate have alternating polished sand-blasted surfaces and laser decorations.”

It displays the hours, minutes and seconds functions and it has 70-hour power reserve.

-As a tribute to the brand’s naval heritage, Tudor has identified the historic uses of its watches and reinterpreted them in its latest models. For example, the French Navy had Tudor watches delivered without bracelets and then fitted them with their own straps. One of them, kept in the brand’s archives, is made of elastic recovered from French rescue parachutes. This ultra-functional relic, recognisable by its gold-coloured thread, is the reference behind the slate-grey woven jacquard strap available for the Black Bay Bronze, the company tells about the history.

 

Merry Christmas Greeting Blog Graphic-7

Business Lifestyle

Moncler Ruffini: There are no concrete talks at the moment

The owner of the Italian fashion house Moncler´s Mr Remo Ruffini said today that the company is not having any concrete takeover talks. He was referring to the news that the French luxury house Kering (KER) would be in talks to buy Moncler.

– In relation to the rumors reported by certain media, Mr. Remo Ruffini – in his capacity as shareholder of Moncler – would like to clarify that from time to time he maintains contacts and interacts with investors and other sector participants, including the Kering group, in order to explore strategic potential opportunities to further promote the successful development of Moncler. At the moment, however, there is not any concrete hypothesis under consideration, the company release stated later today.

Moncler´s (MONC) shares were slightly down from the highs and were trading up 7,03% to 41,56 euros in Milan on Thursday. The shares hit up over 10 % during the day after the possible takeover news. The French luxury house Kering´s (KER) stock was trading up 0,41 % to 540,30 euros in Paris.

 

 

Business Finance Lifestyle

CEO Bogliolo: Tiffany will reach new heights in the LVMH deal

Tiffany´s CEO Alessandro Bogliolo thinks the merge with the French luxury group LVMH will help the company to reach new heights. He commented the merge deal in the company press release yesterday.

-Tiffany has been focused on executing on our key strategic priorities to drive sustainable long-term growth. This transaction, which occurs at a time of internal transformation for our legendary brand, will provide further support, resources and momentum for those priorities as we evolve towards becoming The Next Generation Luxury Jeweler. As part of the LVMH group, Tiffany will reach new heights, capitalizing on its remarkable internal expertise, unparalleled craftsmanship and strong cultural values, Mr Bogliolo said.

The takeover deal was well managed. According to Financial Times, the LVMH CEO Bernard Arnault visited the US in the opening ceremony of the Louis Vuitton leather production plant in Texas in October. The US President Donald Trump was also one of the firsts to know of the acquisition, although no names was mentioned to him, Mr Arnault told the FT reporter yesterday of that Texas-event.

And the business circles are small in the luxury business. For example the CEO of Tiffany, Mr Bogliolo is also a known-person to LVMH from his earlier carrier as a senior position at the Italian fashion house Bulgari, now part of the French luxury group.

The Tiffany takeover or LVMH´s Christmas present is the biggest deal for the company. According to Bloomberg Opinion the deal values the Tiffany about 16 times Ebitda, which is nice compared to the earlier deals in the industry. According to Bloomberg data, the LVMH purchase of Bulgari in 2011, the valuation was 23-24 times, as was the Swiss company´s Swatch purchase of Harry Winston in 2013.

So, what is going to happen next? Will the mergers and acquisitions trend in the luxury business continue? Sure. And all luxury companies are heading to Asia. It is also expected that LVMH will increase the Tiffayny´s presence in the Asian markets and find the best locations for the high-end consumers of Tiffany. All studies show that the biggest growth for luxury brands is coming from Asian consumers in the coming years.

As Mr Arnault told the Financial Times, LVMH is increasing the desirability of the Tiffany brand.

– My goal with Tiffany -as it is for Louis Vuitton or Dior – is that desirability for the brand should be higher in 10 years time than it is right now, he said in the FT interview.

The announced deal will increase the other major luxury brands interest to join the growth race. The French rival Kering, with brands like Gucci, Saint Laurent and Bottega Veneta and the Swiss Richemont, with brands like Cartier, IWC and Piaget, are in the line.

The stock markets have also seen the increase of interest and for example nearly all the major luxury companies were trading up on Tuesday in the Tiffany aftermatch.

LVMH was trading up 0,77 % at 407 euros, Tiffany slightly up 0,01 % to 133 dollars, Kering (KER) up 0,40 % at 546 euros and the UK Burberry (BRBY) up 0,24 % to 2093 pounds. Only the Swiss Richemont (CFR) was trading down, 0,57 % at 76 Swiss francs.

Picture: Luxury watches from LVMH Group: Hublot Big Bang, Tag Heuer, Bulgari

Business Finance Lifestyle

Ralph Lauren family sold shares worth 7,9 million dollars

The US design and fashion house Ralph Lauren´s (RL) owners, the Ralph Lauren Family, has sold over 71.000 company A common stocks with the price difference of 111,31 – 112,49 dollars on Thursday 14th. The stocks were worth of 7,9 million dollars.

The information is based on the SEC filing. Today the company shares are trading at 110,43 dollars, down 2,58 % in New York.

Business Finance Travel

Macron says Notre Dame will be rebuild in five years 

The French President Emmanuel Macron said today that the Paris cathedral Notre Dame will be rebuild within five years. He was speaking to the nation about the situation on Tuesday evening. On Monday vast part of the church was destroyed by a fire.

During the day there have been several annoucements about donations to the reconstruction of the cathedral. The sum is now more than 700 million euros. The first big donations were published by the leading luxury brands.

– Yes, we will build the cathedral of Notre Dame even more beautiful than it was. But this must be done in five years. We can do that, he said.

The fire lasted about 12 hours and according to Bloomberg, some of the major treasures were removed to City Hall, like the Crown of Thorns and Louis IX tunic and some others to Louvre. According to the Culture Minister Franck Riester it seems that the rose windows were not damaged. The cathedral is a 850 years old Gothic style Unesco heritage site.

The Paris stock markets closed up today, the CAC 40 up 0,36 % to 5528 points. The German DAX index closed also up, 0,67% to 12101 points. And London FTSE closed up 0,46% to 4092 points.

Business Design

The story of Danish Obaku – timeless watches

 

 

The modern and chic design is the trademark of the Danish Obaku timespieces. Obaku, which takes its heritage from the Asian Zen philosophy, is combining total balance in body and mind. This harmony is part of the design with minimalism and simplicity. The Obaku watches integrate Nordic and Asian cultures.

– All Obaku watches are timeless and will stand the test of time. The designs strives to offer affordable luxury using both luxurious materials and unique designs with attention to the details, and representing the sheer beauty of a great design.  It values the truth and calmness, the company says.

The founder of the company,  Danish-born Mr Johannes Arvin, has been taking part in the BaselWorld for a long time, nearly from the beginning.

– I started importing watches to Denmark in 1976 and moved to Hong Kong in 1982, where I already have opened the company Creon Enterprises Ltd in 1980.  The company changed to Comtech Watches Co. Ltd. In 1994 and we have been designing, developing and manufacturing for a great number of watch brands ever since. After losing the production of Skagen watches in 2007, our biggest customer, we decided to start our own designer brand, Obaku, based on the best experiences from the past 30 years, he says to ComteamPUB+.

He met a Chinese woman Catherine Y.L Chan and soon they noticed that they share same passion for watches, traditions and design. The Nordic and Chinese design and culture integrated.

Mr Arvin has seen the ups and downs in the luxury watch industry, but he believes that the BaselWorld will continue.

-It is quite clear to me that BaselWorld will continue. This is an extreamly important event for the industry and its stakeholders. This is rare event with exceptional products and people, he reminds.

Now the Obaku has grown to international brand with representative offices in 70 countries and it is operating internationally. Comtech Watches Co. Ltd. and Obaku Ltd. are selling more than 2 million watches per year. The design of the watches is done in Denmark, but the production is mainly in Asia with its head office based in Hong Kong.

One of the designers is the Danish Christian Mikkelsen, gradutated from the Danish School of Architecture in Aarhus.

-When I design a watch, I think of it as much more than a time keeper. For me a great watch should be a joy to look at, to touch and to wear. It should bring an emotion that speaks to people and brings out an expression of their personality, he says.

One of the new BaselWorld watches is also Kvadrat, which is a square watch with steel, gold or rose.

– Obaku already has a square watch in its collection, but we could not resist creating an entirely new series to see what can be done with this exciting yet traditional shape, he says.

The Kvadrat is a modern and slim watch, thickness is only 4,9 mm, fitted with a sapphire crystal, and according to Obaku this watch may enter the history books as one of the slimmest sqaure watches ever in its price category. The retail price is 169 euros.

 

Hygge- part of Danish life

Hygge is also part of the Danish life and also part of Obaku. It is about your feelings and emotions to warm and focusing in the smallest details in life. Details counts and this is also part of Obaku´s philosophy. It is also about the candles, fire place, family and friends.

Design Lifestyle