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.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
U.S. luxury brand Kate Spade has signed a licensing agreement with French perfume group Interparfums. Together, the businesses will create perfumes for the global market, commencing autumn/winter 2020/2021.
Last year, Kering was in divestment mode (Puma, Stella McCartney, Christopher Kane), but the luxury group said it is ready to go ahead with new acquisitions in 2019, without however identifying its targets.