LVMH

SINGAPORE (Aug 20): Beyonce is a fan. So was Carrie Bradshaw on Sex and the City. Excitement for the return of Dior’s equestrian-inspired Saddle bag line — which dominated the “it bag” era of the early 2000s alongside Balenciaga’s “Lariat”

So, the Swatch Group announced over the weekend that it will pull out of the annual Baselworld watch fair. It is almost like Iron Man saying that he’s quitting The Avengers. It sure hurts if you're team Captain America.

LVMH wants to sell smartwatches to well-off fashionistas by introducing a techy timepiece under its Louis Vuitton suitcase brand that opens a higher end front in the luxury conglomerate’s fightback against Apple.

(July 27): LVMH’s first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter.