Vacheron Constantin enriches its Métiers d’Art The legend of the Chinese zodiac with the sign of the rat. Symbolizing a strong vitality and intelligence, it will take over from the pig at the Chinese New Year on January 20th 2020.
For the second time in India, a watch-making training programme was held by the Fondation de la Haute Horlogerie (FHH) in Bangalore and Delhi. A total of 52 watch retail staff from brands and retailers were trained by a Swiss Trainer Ms. Veronique Walthers, who flew in from Geneva especially for conducting the programme.
Parmigiani Fleurier has sent an atypical and loquacious watchmaker to the Russian capital. Born in Normandy, France, Maxime Rius has set up the Manufacture's workshop in the city, where he has sole responsibility for servicing and repairing the watches brought to him by his Russian and Kazak clientele. Meet the man.
- Revenue up 4% and improved recurring operating margin on a comparable basis.
- Solid sales growth for the Luxury activities: up 6% on a comparable basis.
- Positive trends in Sport & Lifestyle.
- Negative foreign currency impact.
- Excellent level of free cash flow from operations.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of EUR 14 billion in the first half of 2014, an increase of 3%. Organic revenue growth was 5% compared to the same period in 2013. The Group continued to grow in the United States and Asia. Europe demonstrated resilience despite a still challenging economic environment.
The first half-year was very favourable for the Swiss watch industry as a whole. Exports once again passed the 10 billion franc mark, with 10.532 billion. This high level corresponds to growth of 3.0% compared to the first half of 2013. The rate in this first part of the year is slowing however, with a result of +4.6% for the first quarter and +1.6% for the second.