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Leading luxury group to acquire Swiss Hublot
24 Apr '08
3 min read
EXCEPTIONAL WATCHES AND CHRONOGRAPHS:
Hublot offers ranges of exceptional quality watches that are innovative, very differentiated and combining fusions of materials, precious metals, (gold, platinum,…) technological metals (titanium, tantalum…), ceramics, diamonds and natural rubber.
The renowned Big Bang collection includes models equipped with automatic movements whose prices range from €8,000 (steel and ceramic) to over €300,000, integrating precious metals and technical complexity.
A new Big Bang collection for women was launched at the last Basel watch fair with great success.
Finally, the traditional classic line has been recently redesigned using natural rubber, zircon, gold and ceramics.
Carlo Crocco, founder of Hublot, said : “I am happy that Hublot, an innovative brand since is creation, is joining the LVMH group, the world leader in luxury goods, whose creative passion is without any doubt a value that I have always shared.”
Jean-Claude Biver, the architect of the success of the Big Bang collection and the recent strong growth of Hublot, commented: “I am delighted that Hublot will be able to benefit from LVMH's support and strategic leadership in the luxury goods industry and so maximise its growth potential in the years to come.
I am happy to be pursuing this adventure and to be able to contribute to the development of LVMH's watchmaking division alongside Philippe Pascal.”
Philippe Pascal, Chief Executive Officer of LVMH's Watches & Jewelry business group, added: “Hublot is a strategic and very complementary acquisition.
Its high-end positioning, selective distribution, financial performance and growth potential make Hublot a 'rising star'.
Hublot will strengthen our Watches & Jewelry business group which, over the last three years, has been growing strongly.
We are very happy that Jean-Claude Biver will, along with the management team of Hublot, continue on this remarkable journey and contribute his considerable expertise to our development in this promising sector.”
Hublot offers ranges of exceptional quality watches that are innovative, very differentiated and combining fusions of materials, precious metals, (gold, platinum,…) technological metals (titanium, tantalum…), ceramics, diamonds and natural rubber.
The renowned Big Bang collection includes models equipped with automatic movements whose prices range from €8,000 (steel and ceramic) to over €300,000, integrating precious metals and technical complexity.
A new Big Bang collection for women was launched at the last Basel watch fair with great success.
Finally, the traditional classic line has been recently redesigned using natural rubber, zircon, gold and ceramics.
Carlo Crocco, founder of Hublot, said : “I am happy that Hublot, an innovative brand since is creation, is joining the LVMH group, the world leader in luxury goods, whose creative passion is without any doubt a value that I have always shared.”
Jean-Claude Biver, the architect of the success of the Big Bang collection and the recent strong growth of Hublot, commented: “I am delighted that Hublot will be able to benefit from LVMH's support and strategic leadership in the luxury goods industry and so maximise its growth potential in the years to come.
I am happy to be pursuing this adventure and to be able to contribute to the development of LVMH's watchmaking division alongside Philippe Pascal.”
Philippe Pascal, Chief Executive Officer of LVMH's Watches & Jewelry business group, added: “Hublot is a strategic and very complementary acquisition.
Its high-end positioning, selective distribution, financial performance and growth potential make Hublot a 'rising star'.
Hublot will strengthen our Watches & Jewelry business group which, over the last three years, has been growing strongly.
We are very happy that Jean-Claude Biver will, along with the management team of Hublot, continue on this remarkable journey and contribute his considerable expertise to our development in this promising sector.”
LVMH
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