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March 05 Joint Venture Richemont/Polo Ralph LaurenInfo corporate: Le groupe de luxe Richemont et Polo Ralph Lauren s'associent en joint venture pour le design et la commercialisation de montres de luxe...
(Ok je fais de la pub pour ma boîte mais bon....) Info relayée du site http://www.businessday.co.za
LISTED luxury goods group Richemont and Polo Ralph Lauren have formed a joint venture to design and create luxury watches and fine jewellery. The companies announced today the formation of The Polo Ralph Lauren Watch and Jewellery Company, to design, develop, manufacture and distribute the products through Ralph Lauren boutiques as well as through independent jewellery and luxury watch retailers in the world. The partners will each own 50% of the new entity and are committed to this joint venture on a long-term basis. This is Richemont’s first such joint venture with a luxury fashion designer and it is Polo Ralph Lauren’s first foray into the precious jewellery and luxury watch businesses. It is expected that the products will be launched in the fall of next year, it said.Ralph Lauren, chairman and CEO of Polo Ralph Lauren Corporation said: "This business is an important part of our global luxury accessories strategy. I am confident that our unique design sensibility and luxury brand building skills, combined with Richemont’s unique experience on a global basis, creates an opportune way for this partnership to succeed. I believe strongly in this partnership." Richemont CE Johann Rupert said, "...jointly, we aim to create a new luxury business, which I am confident will develop into a world leader." TrackbacksThe trackback URL for this entry is: http://moiesquimau.spaces.live.com/blog/cns!DAC8D40FB96534!2069.trak Weblogs that reference this entry
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