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luxury

January 1, 2002

The business of haute horlogerie is specialised and dominated by a small number of firms. Karl-Friedrich Scheufele, Vice-President of Chopard, reveals how their family business has remained one of the leaders

When German jewellery- and watchmaker, Karl Scheufele, bought the small Chopard Swiss watchmaking firm in 1963, his intention was to develop a distinctive brand, while maintaining a tight control over the production process.

January 1, 2002

Italy is a world leader in fashion and design. However, increased global competition of the Italian fashion and design industry poses a potential threat to family dominance

The Italian fashion and design industry has overtaken France as a world leader, with an estimated 30% of the global market in luxury goods, estimated to be worth more than US$80 billion each year.

Italian fashion exports were valued at US$26 billion during 2000, an increase of nearly 15% over the previous year. Other significant export markets include Germany, France and the UK, with East European nations such as Romania emerging as new customers for the fashion giants of Rome and Milan.

January 1, 2002

Surprising realities about large family businesses in France

When the words 'family business' are mentioned, some people still think it refers to smaller companies – backward-looking firms with their roots in the past and doomed to disappear. Even though national surveys from many countries regularly suggest that four of every five business enterprises operate under family ownership and control, their predominance is perceived as exaggerated or in some way abstract. The prevalent model of 'business'– communicated by business schools and referred to in the media – is that of a large company, traded on the stock exchange, and with spread ownership.

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