Sustainability: a drop in the ocean?
The One Ocean Summit in Brest aims to mobilise the international community to take tangible action to save the ocean. Yet another emergency for the stricken planet. Part one: taking stock.
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Luxury, biodiversity and the sixth mass extinction
At five points in the past 500 million years, life on Earth was almost completely wiped out. We are now on the brink of a sixth mass extinction, and we are the cause. Can humans right their wrongs? The luxury industry must lead by example.
LVMH adds Bulgari to its crown
The world's biggest luxury conglomerate is adding to its stable of watch and jewellery brands to reach critical mass in the sector. Its takeover of Bulgari will double its sales in the segment.
Bernard Arnault, the world's fourth richest person
Forbes has published its 2011 list of the world's richest people. Bernard Arnault, 61, Chief Executive of LVMH which recently added Bulgari to its portfolio, has climbed three places to fourth position, behind Mexican telecom mogul Carlos Slim (US$ 74 billion / € 52 billion), Bill Gates, founder of Microsoft (USD 56 billion / € 39.5 billion), and Omaha guru Warren Buffet (US$ 50 billion / € 35 billion). As LVMH shares surged +57% last year, Arnault added US$ 13.5 billion (€ 9,5 billion) to his fortune and now has a net worth of US$ 41 billion (€ 28,9 billion).
400 lots under the hammer at Christie's Geneva
The auction house will doubtless live up to its reputation for record watch sales this May 16th. The lots on the block include enamel pocket watches and a few "stars" from Rolex, Longines and, of course, Patek Philippe.
Christie's pulverises records for Fine Watches in 2010
With eight sales of timepieces totalling USD 91.2 million in Geneva, Hong Kong, New York and Dubai, 2010 was a record year for Christie's.
De Bethune in search of lost quality
Denis Flageollet and David Zanetta, who set up De Bethune in 2002, will tell you that watchmaking lost its soul in the twentieth century. Now their ambition is to "save the concept of the mechanical watch," as the recently-unveiled Tourbillon Regulator demonstrates.
