×
81 100
Fashion Jobs
TAPESTRY
Full Time Sales Supervisor
Permanent · Wrentham
HOMEGOODS
Loss Prevention lp Detective
Permanent · Brentwood
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · New York
MARSHALLS
Loss Prevention Customer Service Associate Downtown Crossing Boston
Permanent · Boston
HOMEGOODS
Loss Prevention lp Detective
Permanent · Wentzville
HOMEGOODS
Loss Prevention lp Detective
Permanent · Kirkwood
MARSHALLS
654 Retail lp Detective - Encino
Permanent · Los Angeles
MARSHALLS
378 lp Detective
Permanent · Los Angeles
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · Philadelphia
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Billings
KOHLS
CRM Campaign Analyst *Remote*
Permanent · Menomonee Falls
H&M
sr. Manager, Strategic Tech Sourcing And Procurement
Permanent · New York
MACY'S
Asset Protection Detective, Livingston - Full Time
Permanent · Livingston
MACY'S
Asset Protection Detective, Westminster - Full Time
Permanent · Westminster
MACY'S
Asset Protection Security Guard, Newport Centre - Full Time
Permanent · Jersey City
MACY'S
Asset Protection Detective, Salinas Northridge - Full Time
Permanent · Salinas
MACY'S
Senior Project Manager
Permanent · Johns Creek
MACY'S
Asset Protection Detective, West Dade Miami Int'l - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Culver City Center - Full Time
Permanent · Culver City
FOSSIL
Americas Digital Marketing Manager
Permanent · Plano
ULTA BEAUTY, INC.
General Manager
Permanent · North Greenbush
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · North Greenbush
By
Reuters
Published
Jul 12, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Louis Vuitton buys Swiss watch-maker La Fabrique du Temps

By
Reuters
Published
Jul 12, 2011

Louis Vuitton, the luxury leather goods maker owned by industry giant LVMH, on Thursday said it had acquired for an undisclosed amount the Swiss watch manufacturer La Fabrique du Temps, its partner since 2007.

Louis Vuitton
Louis Vuitton "Repetition Minutes"

The deal comes after LVMH's rival PPR took control this week of watchmaker Sowind Group, of which it already owned 23 percent, giving it brands Girard-Perregaux and JeanRichard as well as a manufacturer of high-end watch movements.

Luxury groups such PPR and LVMH, as well as independent watchmakers such as Patek Philippe and Rolex, are stepping up their investments in watch production and parts providers to reduce their dependence on external suppliers.

The trend is also fed by Swatch Group , the industry's biggest provider of parts and movements, which has been repeatedly threatening to stop supplying rivals.

However, on Thursday, Louis Vuitton said La Fabrique du Temps would continue to supply other clients.

"The integration of La Fabrique du Temps reflects Louis Vuitton's desire to uphold the highest quality standards for its watches and further develop its know-how in the conception and perfection of movements," the brand said in a statement.

The Swiss watch industry, which contracted sharply in 2009, has been enjoying a strong rebound largely driven by Chinese buyers and tourists in western Europe. Swiss watch exports are up 20 percent since the beginning of the year.

Louis Vuitton, best known for its LV embossed leather handbags, diversified into apparel designed by Marc Jacobs in the 1990s and later into watches. Two years ago it entered the high-end jewellery market.

The brand sold its first watch in 2002 and stepped up the development of its watch operations in 2008.

That year, LVMH acquired Hublot, which has become since the fastest-growing luxury watch brand within the group.

(Reporting by Astrid Wendlandt; Editing by Leila Abboud and Jane Merriman)

© Thomson Reuters 2021 All rights reserved.