wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/dh_ndki7k/corecommunique.com/wp-includes/functions.php on line 6170basic domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/dh_ndki7k/corecommunique.com/wp-includes/functions.php on line 6170The post BASELWORLD 2015 – masterpieces frozen in Time and Space appeared first on Core Sector Communique.
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]]>The post Kering acquires the haute horlogerie brand Ulysse Nardin appeared first on Core Sector Communique.
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* An innovative watchmaking business built on outstanding tradition and manufacturing expertise
* One of the few Swiss watchmakers to have its own production capacity for critical watch components, particularly regulating systems
* A highly profitable company with solid prospects for growth
* Great synergies with the Kering ‘Luxury – Watches and Jewellery’ division
Paris (France) – Le Locle (Switzerland). Kering and Ulysse Nardin have signed an agreement for Kering to acquire 100% of the capital of Ulysse Nardin. The brand will join Kering’s ‘Luxury – Watches and Jewellery’ division, headed by Albert Bensoussan, and the management team will remain in place. The deal is subject to the consent of the competition authorities and should be finalised during the second half of 2014.
Founded by Mr Ulysse Nardin in 1846 with its roots in the nautical world, the eponymous watchmaking house was taken over and re-launched in 1983 by Rolf W. Schnyder who transformed it into a highly profitable business in a healthy financial position. The company
benefits from a very strong brand identity based on its historical expertise in marine chronometers and ultra-complication watches. Ulysse Nardin has long been one of the most innovative independent watchmakers. The brand was a pioneer in the use of cutting edge technologies and state-of-the-art materials like silicium, which today ensures that it has the in-house expertise, particularly in regulating systems, to produce its own components. Its coherent range of watches positioned in price segments that are growing and its efficient distribution network are also major assets.
This acquisition constitutes a structural development enabling Kering to strengthen its ‘Luxury – Watches and Jewellery’ division with a clearly positioned business that complements its other brands. Over and above the opportunity for Ulysse Nardin’s geographical expansion, especially in the Asia-Pacific region, it will enable the deployment of the numerous synergies linked to Ulysse Nardin’s technical and industrial expertise and its excellent distribution network – contributing to accelerate the growth of the whole division.
François-Henri Pinault, Kering’s Chairman and CEO, stated: “Ulysse Nardin benefits from a rich heritage, high profitability and solid growth prospects. Independent high-end watchmaking manufactures are rare. This is an opportunity that we had to seize, particularly because this structural acquisition will enable us to take advantage of numerous synergies with our existing brands. We have great ambitions for this company and we will help it continue its international expansion whilst staying faithful to its roots and its identity. In this regard, I am pleased that Mrs Schnyder accepted to remain a member of its board of directors. I have long admired Ulysse Nardin and I am delighted that this brand is joining our ‘Luxury – Watches and Jewellery’ division.”
Mrs Chai Schnyder, Chairman of Ulysse Nardin’s Board of Directors, stated: “Joining Kering is an opportunity for Ulysse Nardin. It will allow the brand to carry on with its international expansion and continue to innovate, while assuring the long-term future of its knowledge and expertise and the retention of its identity. I am delighted that Ulysse Nardin has found the best partner in Kering.”
Swiss Watch Manufacturer Ulysse Nardin, founded in 1846, has been dedicated to excellence for over 168 years in manufacturing mechanical watches. Among the most reliable ever made, Ulysse Nardin’s marine chronometers are still sought by collectors around the world. Ulysse Nardin continues to be in the forefront of watchmaking technology by pioneering new materials in manufacturing high precision movement components and most innovative timepieces equipped with in-house created and manufactured calibers.
About Kering
A world leader in apparel and accessories, Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Puma, Volcom, Cobra, Electric and Tretorn.
By ‘empowering imagination’ in the fullest sense, Kering encourages its brands to reach their potential, in the most sustainable manner.
Present in more than 120 countries, the Group generated revenues of €9.7 billion in 2013 and had more than 35,000 employees at year end. The Kering (previously PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).
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]]>The post NET-A-PORTER.COM Launches Google Glass For US Customers appeared first on Core Sector Communique.
]]>NEW YORK, June 23, 2014 /PRNewswire/ — NET-A-PORTER.COM, the world’s premier online luxury fashion and beauty retailer, launches Google Glass today available to shoppers in the US. NET-A-PORTER will be selling a limited number of DVF | Made for Glass optical and sunglass styles, to be sold as exclusive packages in five different color ways including black, green, plum, brown and white. Each DVF | Made for Glass bundle includes Glass, a frame and shade, a mono earbud, and case for $1,800.
“We are thrilled to offer Glass to our tech-savvy customers who are true leaders and innovators in style and lifestyle,” says Natalie Massenet, Founder and Chairman of The NET-A-PORTER Group. “We pride ourselves on leading the way in delivering the best in service, product, and technology and we are excited to bring Google Glass to our US customers, ahead of the Glass consumer release.”
The DVF | Made for Glass collection is now available on NET-A-PORTER.COM:
http://www.net-a-porter.com/Shop/Designers/DVF_Made_For_Glass
About NET-A-PORTER.COM
NET-A-PORTER.COM was launched in June 2000 and has since established itself as the world’s premier online luxury fashion destination. Presented in the style of a fashion magazine, NET-A-PORTER.COM features collections from over 350 of the world’s most coveted designers, including Saint Laurent, Isabel Marant, Alexander McQueen, Givenchy, Valentino, Gucci, Dolce & Gabbana andStella McCartney. In 2013, NET-A-PORTER.COM added beauty as a new category. With its acclaimed editorial format, express worldwide shipping to 170 countries (including same-day delivery to New York, London and Hong Kong), luxurious packaging and easy returns, NET-A-PORTER.COM offers an unparalleled shopping experience. www.net-a-porter.com
About GOOGLE GLASS
Glass is smart eyewear that enhances the here and now. It’s what you want, when you want it: glanceable and in the moment. Glass began as a project from the Google[x] team, a division of Google dedicated to moonshot projects that create technology to make people’s lives better.
Glass puts you in control of your technology by connecting you to what you love with a hands-free device that’s on when you need it and off when you don’t. Created by designers and software engineers, Glass is simple and beautifully designed.www.google.com/glass
SOURCE NET-A-PORTER.COM
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]]>The post BASELWORLD 2014 : the countdown has begun VI appeared first on Core Sector Communique.
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]]>The post Burberry commits to toxic-free fashion appeared first on Core Sector Communique.
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London, 28 January 2014 – British luxury brand Burberry today made a commitment to eliminate the use of hazardous chemicals from its supply chain by 1 January 2020 [1].The post Burberry commits to toxic-free fashion appeared first on Core Sector Communique.
]]>The post India’s Retail Luxury Quotient : Exploring the Luxury Clusters of India appeared first on Core Sector Communique.
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At present, India enjoys only 1%–2% of the global luxury market. Luxury retailers, both national and international, are in a spree to foray or expand their footprint in India. The increasing foreign travels of Indians have significantly increased the brand awareness of India. Along with this, the increasing upper-middle class in India are the country’s key drivers of luxury retail demand.
Louis Vuitton, Prada, Gucci and Jimmy Choo are no longer unknown brands to India. In the last decade, luxury retail has grown significantly and is growing at a rate of almost 20% 1. From luxury cars and apparels to furnishings, all are paving their way into the choices of Indian consumers.
The definition of luxury is very relative and changes from country to country and among different income groups. However, most households earning more than INR 1 million or above annually opt for luxury goods in India. With the significant growth of this income group, luxury retail in India is expected to witness steady growth in the coming years.
In India, preference for luxury goods is growing across all the metro cities, although they are mostly concentrated in Mumbai and Delhi. Luxury malls such as DLF Emporio in Delhi, Palladium in Mumbai and UB City in Bangalore are already operational.
Luxury retailers generally open their stores in luxury hotels with increased preference from consumers as they are expanding their brand presence by starting their stores in high-end malls and high streets and sometimes opening their flagship stores in high-end residential neighbourhoods. However, finding a space as per their standards and specifications is still a challenge in India.
In this paper, we attempted to map a few such clusters across the seven metro cities in India based on the various qualitative and quantitative factors catering to the preference for luxury retail. The factors adopted to select the clusters were penetration of luxury brands and preference for luxury. These factors were analysed on the basis of the parameters below:
When mapped, these parameters reveal clusters of luxury retail that can be classified into three categories. Based on their stage of development, the clusters are classified as established, existing, growing and emerging.
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