Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Kering Reports Sharp Rise in Jewelry Sales
The French company, which owns Boucheron and Ulysse Nardin, said jewelry did well while its watch brands struggled in 2015.
Paris--Sales for the jewelry brands owned by Kering rose sharply in 2015 while sales for its watch brands lagged, the Paris-based luxury good holding company reported.
Kering (formerly PPR) said jewelry sales were fueled by “very high business volumes” in the fourth quarter while its sales for its watch brands picked up quarter-to-quarter but, ultimately, were “held back by an unfavorable market environment” in 2015.
Kering owns Boucheron, Pomellato, Dodo and Qeelin, which is just moving into the U.S. market, along with the Ulysse Nardin, Girard-Perregaux and JeanRichard watch brands.
In 2015, the company hired two new CEOs for its watch and jewelry brands, tapping Hélène Poulit-Duquesne to head Boucheron and Sabina Belli for the Pomellato group, which includes both Pomellato and Dodo.
Watches and jewelry account for 10 percent of the group’s overall sales and are part of the segment of the business classified as “Luxury activities,” which also includes Gucci, Bottega Veneta and Yves Saint Laurent.
Revenues for this segment of Kering’s business increased 4 percent year-over-year (on a comparable basis) and helped to fuel a 5 percent (on a comparable basis) year-over-year increase in revenue and a 32 percent rise in net income for the group as a whole.
Commenting on the results, Kering Chairman and CEO François-Henri Pinault said, “Kering’s solid 2015 results reflect brisk sales and improve operating performances in the second half of the year. These results come amid a more complex economic and geopolitical environment, accentuating the shifts taking place in our sector.”
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.