With the brute strength of the French giant on the one hand and the high growth potential of the American jeweler on the other, LVMH's acquisition of Tiffany & Co. looks set to be a positive move for all concerned.
Jewellery is a booming, sought-after sector, as shown by LVMH’s recent bid for Tiffany & Co. FashionNetwork looks into the advantages and potential of an industry still little-known and underexploited by luxury groups.
It is hard to imagine a more venerable luxury brand than Cartier, which has a reputation for artisanal excellence second to none. Yet, the majority of its audience is that lodestone of modern marketing, millennials.
Kimaï, an ethical lab-grown diamonds and recycled gold jeweller, said on Tuesday that it has secured $1.2m in seed funding from a round led by London-based Talis Capital with Rebecca Minkoff also investing.
The Parisian jeweler has reopened its boutique in the Windy City after a six-month renovation, the latest in a string of refurbishments undertaken by the brand as it updates its physical retail strategy.