Monday, 28 April 2008
Luxury giant Louis Vuitton Moet Hennesy’s latest acquisition pray is Swiss watch maker Hublot. Having existed for a mere 27 compared with other watcher makers which have been around for as many years as 150-300 years. Hublot have done an impressive job establishing themselves at one of the prominent and elite watch makers. The main product in their portfolio the Big Band featuring a rubber strap and a bold industrial design, has seen it’s sales shooting through the roof the latest years.
With increasing sales and a bright prospect, the timing of LVMH’s acquisition last wek couldn’t have been better. They had to act fast before the arch rival the Richmond Group would have barged into Hublot’s headquarter with bags of money. The Richmond Group have brands like Vacheron Constantin, Cartier, A. Lange & Söhne, Officine Panerai, Baume et Mercier, IWC, Piaget in their pockets Baume et Mercier making them the biggest luxury watch concern.