Chanel acquires a 25% stake in Swiss watchmaker MB&F

MB&F said Thursday that luxury fashion brand, Chanel, has taken a 25% stake in the independent Swiss watchmaking brand. Under the agreement, founder Maximilian Büsser, retains the majority of MB&F shares with 60%, while his partner in the company, Serge Kriknoff, head of R&D & Production, owns 15%. The two said they will continue to […]

Omega is omnipresent at the 2024 Paris Olympics

The 2024 Paris Olympics are in full swing and whether attending live or watching it from afar it’s almost impossible to not see the presence of Omega. The Swiss watch brand has been the “Official Timekeeper” for the Olympics since 1932 and the Paralympics since 1992—a prestigious and highly responsible job where hundreds of a […]

Louis Ferla named as new head Of Cartier

Richemont said Tuesday that Louis Ferla, currently CEO of Vacheron Constantin, will succeed Cyrille Vigneron as CEO of Cartier, effective September 1. Vigneron will retire after eight years at the helm of the renowned luxury brand. Vigneron will assume the position of chairman of Cartier Culture & Philanthropy, effective September 1, and will work with […]

Watches of Switzerland buys Roberto Coin for $130 million

Luxury watch and jewellery retailer, Watches of Switzerland, has acquired Roberto Coin Inc., the North America business division of the renowned Italian jewellery brand, for $130 million. The deal was announced Thursday. Under the terms of the agreement as revealed by the two companies, Watches of Switzerland (WOS) will have exclusive distribution rights and ownership […]