The Business of Fashion: LVMH Moët Hennessy Louis Vuitton Announces Record 2016 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €37.6 billion in 2016, an increase of 5% over the previous year. Organic revenue growth was 6%.lvmh-moet-hennessy-louis-vuitton

In the fourth quarter, revenue increased by 9% compared to the same period of 2015. Organic growth was 8%. The American market remains on a good track as does Europe. Asia, excluding Japan, continued its good momentum.

Profit from recurring operations reached €7 billion in 2016, an increase of 6%, to which all business groups, apart from selective distribution, contributed. This result compares to 2015 which was itself a year of growth. Operating margin reached 18.7%. Group share of net profit was €3 981 million, representing growth of 11%.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved an excellent performance in 2016 within a context of geopolitical and economic instability. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment which remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2017, our leadership in the universe of high quality products.

Key highlights from 2016 include:

  • Record revenue and profit from recurring operations
  • Growth in the United States, Europe and Asia
  • Good performance of Wines & Spirits in all regions
  • The success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level
  • Progress at Fendi
  • The sale of Donna Karan and the acquisition of Rimowa, a leader in luggage of excellence
  • Good momentum at Parfums Christian Dior driven by successful product innovations
  • Market share gains at Bvlgari and TAG Heuer
  • Growth at Sephora which strengthened its position in all its markets and in digital
  • Free cash flow of €3 974 million, an increase of 8%
  • Gearing of 12% at end of December 2016

WINES & SPIRITS: GOOD YEAR WITH PROGRESS IN THE UNITED STATES AND REBOUND IN SHIPMENTS TO CHINA

The Wines & Spirits Business Group recorded an increase in organic revenue of 7 %. On a reported basis, revenue growth was 5 %. Profit from recurring operations increased by 10 %. With volumes up 3%, solid growth continues for champagne and prestige cuvees performed particularly well. Hennessy cognac enjoyed an excellent year with 10% volume growth. The American market is growing well and China saw better momentum after a tough 2015 due to destocking by distributors. Other spirits, Glenmorangie and Belvedere, continued their growth.

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.

FASHION & LEATHER GOODS: GOOD PERFORMANCE OF LOUIS VUITTON, OTHER BRANDS STRENGTHENED THEIR POSITIONS

The Fashion & Leather Goods Business Group recorded organic revenue growth of 4% in 2016. On a reported basis, revenue growth was 3 %. Profit from recurring operations increased by 10%. Louis Vuitton had a good year driven by the level of creativity across all its businesses. The continued success of its iconic product range and the strong demand for recent creations such as the new luggage designed by Marc Newson and the Louis Vuitton fragrances, all contributed to this growth. Fendi recorded robust growth crossing the symbolic revenue threshold of 1 billion euros during the year. Loro Piana continued to expand its distribution network and opened a flagship store in Paris. Céline, Loewe and Kenzo all continued to grow. Marc Jacobs continued to work on changes to its collection. Donna Karan was sold in December to the American G-III group. Rimowa, world leader in luggage of excellence, joined the LVMH group.

Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa.

PERFUMES & COSMETICS: CONTINUED SUCCESS OF INNOVATIONS; EXCELLENT PERFORMANCE IN MAKEUP

The Perfumes & Cosmetics Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 6%. Profit from recurring operations increased by 5%. The inauguration of the new atelier for the creation of fragrances, Les Fontaines Parfumées, at Grasse was a highlight of the year. Parfums Christian Dior grew market share in all regions, driven by the worldwide success of Sauvage and the vitality of its iconic perfumes J’adore and Miss Dior. The progress of makeup also contributed to the Maison’s excellent performance. Guerlain benefitted from the successful launch of its new makeup collection inspired by its fragrance La Petite Robe Noire. Benefit experienced strong growth driven by the success of its new collection for eyebrows. Make Up For Ever, Fresh and Kat Von D performed well.

LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh).

WATCHES & JEWELRY: MARKET SHARE GAINS FOR BVLGARI AND TAG HEUER

The Watches & Jewelry Business Group recorded organic revenue growth of 5%. On a reported basis, revenue growth was 5%. Profit from recurring operations increased by 6%. Bvlgari continued to gain market share with enhancements to its Serpenti, Diva and B.zero1 lines. Growth continued in China, Korea and in the Middle East. TAG Heuer grew despite a difficult market for watches, gained market share and benefitted from the success of its new collections and its connected watch. Hublot accelerated its development in Asia and recorded the best year in its history. Chaumet continued to move its product lines upmarket and inaugurated a new boutique concept in Hong Kong.

LVMH‘s Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

SELECTIVE RETAILING: GOOD PERFORMANCE AT SEPHORA, DFS IMPACTED BY A DIFFICULT TOURISM CONTEXT IN ASIA

The Selective Retailing Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 7%. Profit from recurring operations declined by 2%. Sephora gained market share across all regions and once again recorded double-digit growth in both revenue and profits. More than a hundred stores were opened in 2016 including notably a flagship store in the World Trade Center in New York and major renovations in Boston and Singapore. Its online offer accelerated with the launch in six new countries. DFS continued to face a difficult environment, notably in Hong Kong. The expansion into new destinations continued. The opening of the T Galleria in Angkor in Cambodia and one in Venice, Italy were the highlights of the year.

LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.

Key figures:

             
Euro millions    

2015

 

2016

 

% change

Revenue    

35 664

 

37 600

 

+ 5 %

Profit from recurring operations    

6 605

 

7 026

 

+ 6 %

Group share of net profit    

3 573

 

3 981

 

+ 11 %

Free cash flow*    

3 679

 

3 974

 

+ 8 %

Net financial debt    

4 235

 

3 265

 

– 23 %

Total equity    

25 799

 

27 903

 

+ 8 %

* Before available for sale financial assets and investments, transactions relating to equity and financing activities Continue reading

Glenmorangie Single Malt Scotch Whisky Releases Companta, The Fifth Annual Release From The Award Winning Private Edition Range

 Glenmorangie has launched Glenmorangie Companta, the newest release from Master Distiller, Dr. Bill Lumsden. The exclusive collection is comprised of unique and rare single malts, such as the critically acclaimed Glenmorangie Sonnalta PX and Ealanta, named 2011 and 2014 ‘World Whisky of the Year’ in Jim Murray’s Whisky Bible.

Glenmorangie Single Malt Scotch Whisky Proudly Releases Companta.  (PRNewsFoto/Glenmorangie)

Glenmorangie Single Malt Scotch Whisky Proudly Releases Companta. (PRNewsFoto/Glenmorangie)

The latest incarnation in the Private Edition‘s award-winning range of expressions, Companta once again reaffirms the Glenmorangie Whisky Creation Team‘s pioneering spirit and commitment to sharing some of the world’s most highly regarded single malts with a select audience of like-minded aficionados.

Companta exudes rich, ‘autumnal’ scents of red berries, and a hint of fragrant wood smoke with complementary notes of aromatic, nutty oak. The taste slowly reveals a spicy palate fragrant with cherries and stewed fruits, while notes of sugared plums, blood orange and rose-hip syrup emerge. Flavors of milk chocolate and brown sugar lead into a mouth-coating finish. Extra matured in French wine casks, Companta is bottled at a strength of 46%, and non chill-filtered for extra body and texture.

Glenmorangie‘s renowned Director of Whisky Creation and Distilling, Dr. Bill Lumsden, has achieved a refined balance between bold spice and rich, smooth sweetness with this new expression born of Grand Cru casks from Clos de Tart and decadently sweet fortified wine from Cotes du Rhone. Glenmorangie Companta (Scots Gaelic for friendship) celebrates the shared pursuit of perfection between Glenmorangie and renowned French wine makers. Dr. Bill Lumsden explains why Glenmorangie Companta is truly special:

As a true wine aficionado, some of my most memorable visits have been to France. The smaller vineyards work tirelessly to produce the very best wine, their dedication and attention to detail never ceases to amaze me.  In the same spirit as Glenmorangie, they stop at nothing in the pursuit of perfection. This shared philosophy inspired me to create the ultimate tribute to my longstanding love for French vineyards and the friends that I’ve had the pleasure to make throughout my travels.

Selecting parcels of Glenmorangie which had been matured in traditional American white oak ex-bourbon barrels, I transferred the spirit into casks having previously contained Grand Cru wine from Clos de Tart, one of the most celebrated vineyards in Burgundy.

To complement the bold, spicy character imparted from the Grand Cru casks, I selected a parcel of Glenmorangie which had been extra maturing in casks having previously contained a lusciously sweet fortified wine from Cotes du Rhone. It took some time, but with careful fine tuning we reached a harmonious assemblage which proved the perfect balance; neither too bold nor too tame!”

Glenmorangie Companta suggested retail price is $99 and is available globally beginning January 9(th) until stocks are exhausted.

Glenmorangie Global Master Brand Ambassador David Blackmore Named Scotch Whisky Ambassador of the Year 2014 For Third Consecutive Year

Glenmorangie, Scotland’s favorite single malt Scotch whisky, is proud to announce its Global Master Brand Ambassador David Blackmore has been named Icons of Whisky America, Scotch Whisky Ambassador of the Year 2014 by Whisky magazine. This marks the third year in a row Blackmore has been honored by the industry leading publication.

Glenmorangie Global Master Brand Ambassador David Blackmore Named 2014 Scotch Whisky Ambassador of the Year for Third Consecutive Year. (PRNewsFoto/Glenmorangie)

Glenmorangie Global Master Brand Ambassador David Blackmore Named 2014 Scotch Whisky Ambassador of the Year for Third Consecutive Year. (PRNewsFoto/Glenmorangie)

Blackmore’s incomparable dedication and enthusiasm for the fastest growing single malt Scotch whisky in the U.S. was greatly inspired by his work as part of the whisky creation team, with Master Distiller, Dr. Bill Lumsden. Not only is he an expert on the entire Glenmorangie range, but he is also a chief authority on Ardbeg, leading education programs for both brands throughout the USA.

In the past 12 months Blackmore has travelled to over fifty U.S. cities, thirty cities across Asia and five cities in Canada. He has presented to over 55,000 people and been heard by an additional 500,000 viewers through television

Glenmorangie Logo.  (PRNewsFoto/Glenmorangie)

Glenmorangie Logo. (PRNewsFoto/Glenmorangie)

and radio broadcasting.

David continues to prove time and again that his expertise in Scotch whisky, and particularly Glenmorangie, is unparalleled. Even though this is his third consecutive award, it is still just as thrilling to see someone so deserving be recognized for their relentless pursuit of excellence on behalf of our brand,” says Maxime Balay, Glenmorangie U.S. Brand Director.”It is with great pride that we can call David a member of the Glenmorangie family for the past eight years, and we look forward to many more to come.”

Blackmore’s most recent project was an international cross-industry initiative. David, joined by Dr. Bill Lumsden, worked on the program with three of Scotland’s top distillers, as well as representatives from the Scottish Government, DISCUS, SWA at Mt. Vernon, George Washington’s distillery.

The fastest growing single malt whisky in the U.S., Glenmorangie has received tremendous accolades from the International Wine and Spirits Competition, the San Francisco World Spirits Competition and the Wine Enthusiast’s Wine Star Awards. Most recently, Glenmorangie’s Private Edition Ealanta was named 2014 World Whisky of the Year by Jim Murray’s Whisky Bible, scoring 97.5 out of 100 points, and is described as having “One of the longest finishes of any Scotch this year…and borderline perfection.” In addition, over the last five years Glenmorangie has won more “Gold Best in Class” medals than any other single malt from the International Wine and Spirits Competition and was also named their 2012 Distiller of the Year. Visit www.glenmorangie.com for additional information.

Glenmorangie Named 2014 World Whisky of the Year

Jim Murray’s Whisky Bible pays homage to the “borderline perfection” of Private Edition Ealanta

Jim Murray's Whisky Bible pays homage to the "borderline perfection" of Private Edition Ealanta.  (PRNewsFoto/Glenmorangie)

Jim Murray’s Whisky Bible pays homage to the “borderline perfection” of Private Edition Ealanta. (PRNewsFoto/Glenmorangie)

Glenmorangie’s Ealanta has been named the World Whisky of the Year by Jim Murray, one of the world’s leading whisky experts. Glenmorangie’s Ealanta was released at the start of 2013 as the fourth annual release in the company’s award-winning Private Edition range and is a 19 Years Old Glenmorangie expression, fully matured in virgin American white oak casks with a provenance that stretches all the way to the Mark Twain National Forest in Missouri. The expression is yet another testament to the brands commitment to perfection; fitting seamlessly into their ‘Unnecessarily Well Made’ campaign. The greatly anticipated fifth release is set to arrive next year. (www.glenmorangie.com)

This year 4,500 whiskies were tasted, evaluated and rated by Murray, who was blown away by Ealanta’s innovative aroma and taste profile. Jim Murray’s Whisky Bible is published annually and is regarded as a benchmark for the category.

In his 2014 Whisky Bible, Murray pays tribute to the quality of the Private Edition Single Malt Scotch by GLENMORANGIE LOGOdescribing it as having “one of the longest finishes of any Scotch this year…and borderline perfection.” It scored 97.5 out of 100 points, the highest awarded this year.

Dr. Bill Lumsden, The Glenmorangie Company’s Director of Distilling and Whisky Creation, said, “This is a wonderful award for us and testament to the ongoing success of our Private Edition range.  Jim Murray has been a leading judge of whisky for three decades so this is a major coup for us. It’s no secret in our industry that it’s the ‘wood that makes the whisky,’ and for many years my team and I have been carrying out detailed research in this area.”

Jim Murray’s Whisky Bible, celebrating its tenth anniversary this year, said, “Glenmorangie Ealanta pipped others to the post because it went out and did something different; not only did it blow one away with its deftness, beauty and elegance, but it gave an aroma and taste profile completely new to me in over 30 years of tasting whisky.”

Glenmorangie’s Ealanta is a limited release with a suggested retail selling price of $119 and is available at specialty retailers until stocks are exhausted.

Whisky Fans Chose Name Of New Single Malt Scotch Whisky In Second Phase Of Glenmorangie Cask Masters

GLENMORANGIE’S CASK MASTERS PROGRAM GIVES ENTHUSIASTS THE CHANCE TO HELP CREATE A NEW SINGLE MALT FROM SELECTING AND NAMING THE WHISKY, TO DESIGNING THE PACKAGING AND EVEN INFLUENCING THE LAUNCH EVENT

AFTER CONSUMERS CHOSE THE CASK DURING STAGE ONE, GLENMORANGIE WHISKY FANS HAVE SELECTED THE NAME Taghta (Tag-Ta), GAELIC FOR CHOSEN

Glenmorangie's Cask Masters program gives enthusiasts the chance to help create a new Single Malt from selecting and naming the whisky, to designing the packaging and even influencing the launch event.  (PRNewsFoto/Glenmorangie)

Glenmorangie’s Cask Masters program gives enthusiasts the chance to help create a new Single Malt from selecting and naming the whisky, to designing the packaging and even influencing the launch event. (PRNewsFoto/Glenmorangie)

Whisky fans worldwide, for the first time ever, have chosen the name of a new Glenmorangie Single Malt. This new Single Malt Scotch Whisky – which has spent a number of years extra-maturing in exclusive Manzanilla sherry casks –was selected by the public when three casks were put to a vote earlier this year. At each stage participants will also be able to win prestigious prizes including a VIP visit to the Glenmorangie Distillery and a trip to the country of origin of the oak cask in which the winning whisky has been matured.

Scotland’s favorite malt whisky producer received thousands of suggestions, which were whittled down to a shortlist of three and put to an online vote. The winner was Taghta (tag-ta), Gaelic* for Chosen. With this name, Glenmorangie

Glenmorangie Single Malt Scotch Whisky originates in the Scottish Highlands where, at the Glenmorangie Distillery, it is distilled in the tallest malt whisky stills in Scotland, expertly matured in the finest oak casks, and perfected by the 16 Men of Tain. The distillery was founded in 1843 and is renowned as a pioneer in the whisky industry, uniting tradition with innovation. Awarded the prestigious title of "Distiller of the Year" by the International Wine & Spirits Competition this year, Glenmorangie has also consistently won more "Gold Best in Class" medals than any other single malt over the past six years. (PRNewsFoto/Glenmorangie)

Glenmorangie Single Malt Scotch Whisky originates in the Scottish Highlands where, at the Glenmorangie Distillery, it is distilled in the tallest malt whisky stills in Scotland, expertly matured in the finest oak casks, and perfected by the 16 Men of Tain. The distillery was founded in 1843 and is renowned as a pioneer in the whisky industry, uniting tradition with innovation. Awarded the prestigious title of “Distiller of the Year” by the International Wine & Spirits Competition this year, Glenmorangie has also consistently won more “Gold Best in Class” medals than any other single malt over the past six years. (PRNewsFoto/Glenmorangie)

continues to maintain links with its Gaelic heritage in the many steps of the whisky creation process. Many of Glenmorangie’s finest whiskies boast Gaelic names while Glenmorangie itself famously means “Valley of Tranquility“, while within the exclusive Private Edition range of whiskies, they have selected names to reflect each expression, with Artein meaning ‘Stone,’ and Finealta meaning ‘Elegant.’ During the later stages of the Cask Masters program experts will also offer their guidance on the photography and launch suggestions received from whisky fans.

Glenmorangie’s Cask Masters (www.glenmorangie.com/caskmasters) is a unique whisky creation program which aims to get consumers involved in the whisky-making process. It was launched on March 1 st, 2013 and will run for 18 months with the new limited edition Glenmorangie whisky ready for release in fall 2014. The Cask Masters program is currently in stage three, where consumers can upload pictures and ideas to an online gallery to inspire the packaging of the new Limited Edition Taghta Single Malt Whisky.

Working with packaging expert Jon Davies from leading London design agency Butterfly Cannon, Glenmorangie will then create three designs which again will be put to a public vote. Prizes are given out at each stage and the winner of phase 3 will receive a 21.5″ iMac i5. Whisky fans can take part by logging on to www.glenmorangie.com/caskmasters

Cask Masters is being overseen by Glenmorangie’s Dr. Bill Lumsden, together with an expert in every field of the five-step process.

Dr. Bill Lumsden, Director of Distilling and Whisky Creation at the Glenmorangie Company said: “This name truly resonates and I don’t think we could have done any better if we’d chosen it ourselves! Glenmorangie has already taken inspiration from Gaelic for the names of some of its most famous creations and we are delighted that this unique whisky has such an intriguing name.”

Maxime Balay, Glenmorangie Brand Director, said: “We have always been at the forefront of innovation regarding our whisky creation so now we are simply leveraging crowd sourcing’s immense capabilities to make it more accessible for our consumers. Instead of keeping the whisky creation process behind closed doors, Cask Masters allows us to harness the enthusiasm and passion of our Glenmorangie aficionados and reward them with an insiders’ pass to the lengths we go to craft our whisky.”

Glenmorangie Single Malt Scotch Whisky originates in the Scottish Highlands where, at the Glenmorangie Distillery, it is distilled in the tallest malt whisky stills in Scotland, expertly matured in the finest oak casks, and perfected by the Men of Tain. The Distillery was founded in 1843 and is renowned as a pioneer in its field uniting tradition with innovation to create ‘unnecessarily well made whiskies.’

Glenmorangie, In Association with VisitScotland, celebrates a history of pioneering innovation on a unique journey through Scotland with Automobili Lamborghini S.p.A.

All Images Courtesy of Glenmorangie

Glenmorangie releases 50 rare bottles of The Glenmorangie 1963, with a toast to Lamborghini, born in 1963, on its 50th anniversary

Since 1843, Glenmorangie has been on a journey as an industry pioneer. Glenmorangie Single Malt Scotch Whisky originates in the Scottish Highlands where, at the Glenmorangie Distillery, it is distilled in the tallest malt whisky stills in Scotland, expertly matured in the finest oak casks, and perfected by the 16 Men of Tain. The distillery is renowned as a pioneer in the whisky industry, uniting tradition with innovation. Glenmorangie was awarded the prestigious title of “Distiller of the Year” by the International Wine & Spirits Competition and has consistently won more “Gold Best in Class” medals than any other single malt over the past six years at the IWSC. Wine Enthusiast also named Glenmorangie Distiller of the Year” in 2011.

lenmorangie celebrates a history of pioneering innovation on a unique journey through Scotland with Lamborghini at Muirfield on July 10, 2013 in Gullane, Scotland.

Glenmorangie celebrates a history of pioneering innovation on a unique journey through Scotland with Lamborghini at Muirfield on July 10, 2013 in Gullane, Scotland.

In 2013, Glenmorangie celebrates The Glenmorangie 1963 by re-releasing 50 bottles of this rare single malt scotch whisky. The Glenmorangie 1963 is not only a sublime sensory experience but the pioneer of extra maturation for the whisky industry. Distilled in 1963 and originally released in 1987, The Glenmorangie 1963 was the first-ever bottling of Glenmorangie to be released from a single year. In addition, it is the earliest known commercial bottling of a whisky that has been ‘wood finished’ – or matured in an oak cast – and subsequently transferred to another cask that had previously contained an exquisite wine or richly-flavored spirit, to provide an additional, subtle range of flavor to complement the signature character of the whisky. In May 1987, 6,000 bottles were released at prestigious retailers, such as Harrods, Selfridges and Fortnum & Mason and at legendary bars, such as London’ Claridges. Critics and connoisseurs greeted the release with applause. Today, the age and spirit of this revolutionary liquid remains intact. With the blessing of Dr Bill Lumsden, Glenmorangie’s celebrated Director of Distilling, Whisky Creation & Whisky Stocks, the whisky has been decanted into bottles reminiscent of the original shape. Each bottle is labeled with .925 silver and individually encased in at ‘Time Capsule’ leather-strapped box, numbered 1-50 for release in 2013.

Glenmorangie celebrates a history of pioneering innovation on a unique journey through Scotland with Lamborghini at Muirfield on July 10, 2013 in Gullane, Scotland.

Glenmorangie celebrates a history of pioneering innovation on a unique journey through Scotland with Lamborghini at Muirfield on July 10, 2013 in Gullane, Scotland.

Born in 1963, 2013 also marks Lamborghini’s 50th anniversary as the manufacturer of some of the world’s most sought after supercars, ‘100 years of innovation in half the time’. Lamborghini has pioneered technology and Italian craftsmanship that has become the benchmark for high performance and luxurious super sports cars everywhere. Established in 1963, Automobili Lamborghini S.p.A. is headquartered in Sant’Agata Bolognese in northeastern Italy. With the introduction of the Aventador LP 700-4 Roadster in 2013 Lamborghini has established a new landmark in the history of luxury super sports cars. With more than 120 dealers worldwide, Automobili Lamborghini has created an uninterrupted series of super sports cars, dynamic and elegant, including the 350 GT, Miura, Espada, Countach, Diablo, Murciélago, Reventón Coupé, Reventón Roadster, Gallardo LP 560-4 Coupé and Spyder, Gallardo LP 570-4 Superleggera, the open version LP 570-4 Spyder Performante and Aventador LP 700-4. Continue reading

Walpole British Luxury and Vacheron Constantin host the first ‘CRAFTED: MAKERS OF THE EXCEPTIONAL’ Showcase

Date: 4th – 6th April 2013

Time: 10am – 6pm

Location: Somerset House West Wing

Admission: Free for the public

London, England– In celebration of outstanding British craftsmanship, Walpole British Luxury and Vacheron Constantin will host the first ‘CRAFTED: MAKERS OF THE EXCEPTIONAL’ Showcase for the public at Somerset House West Wing. From the stitching on a calf-skin leather handbag to the intricate metalwork on a statement mirror, expert craftsmanship is at the heart of all luxury goods. The showcase offers a unique insight into the excellence of fine craft by elevating the time honored expertise, intimate knowledge and captivating interactions between art, design and skill of the hand. From Thursday 4th to Saturday 6th April, a collection of 20 of Britain’s most talented and pioneering artisans will demonstrate their passion, dedication and expertise, bringing to life the creative process, from exquisite and rare raw material to desirable and valuable finished work. Admission is free and there is no need to reserve tickets. For more information about the event please visit www.craftedshowcase.co.uk.

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Guests attend the Crafted Makers of the Exceptional Showcase launch>> at Somerset House on April 3, 2013 in London, England. (Eamonn M. McCormack/Getty Images)

Guests attend the Crafted Makers of the Exceptional Showcase launch>> at Somerset House on April 3, 2013 in London, England. (Eamonn M. McCormack/Getty Images)

Since 1990, Walpole British Luxury has been dedicated to supporting the British Luxury industry. Founded by flagship British Walpole_IDENTITYcompanies including Chewton Glen, DAKS, Financial Times and William Grant & Sons, Walpole furthers the interests of the British luxury industry. Named after great British statesman, patron of the arts and promoter of overseas trade, Sir Robert Walpole, the organisation provides a strong voice for the finest British brands in today’s competitive global luxury market.

At Walpole British Luxury we understand that luxury without exceptionally talented makers or outstanding materials is an empty promise, hence our commitment to the preservation and development to the craftsmanship skills’ said Julia Carrick, Chief Executive of Walpole British Luxury.

General view of the Crafted Makers of the Exceptional Showcase launch>> at Somerset House on April 3, 2013 in London, England.

General view of the Crafted Makers of the Exceptional Showcase launch at Somerset House on April 3, 2013 in London, England.

Walpole promotes, develops and represents the British luxury industry in partnership with its members – over 180 of Britain’s most prestigious companies drawn from the fashion, retail, jewelry, food, drink, leisure, automotive and media sectors, including Alfred Dunhill,  Alexander McQueen, Boodles, Burberry, Clive Christian, Chivas Brothers, Ettinger, The Gleneagles Hotel, Glenmorangie, Goodwood, Jimmy Choo, James Cropper Specialty Papers, Somerset House, Purdey, Savoir Beds, Silver Cross, Bremont, Thomas Pink, Vertu, Waterford, Wedgwood and Royal Doulton – Walpole represents the A to Z of internationally renowned and respected names, each bringing its own area of expertise and style to this most British of associations. Continue reading