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Brand News: Roberto Coin Adds Panama; Pandora Drops More Stores; Cartier Head Resigns; More November 11, 2015 (0 comments)
Roberto Coin To Be Distributed In Panama
Panama City, Panama—Italian designer jewelry brand Roberto Coin has signed an agreement with Carlos Sultan, president of Latin Jewelers Corp., a distributor of high-end jewelry and watches throughout South America, Central America and the Caribbean, to handle distribution of the brand in the region. He will work out of the futuristic Panama Diamond Exchange in the Santa Maria business district, destined to become the heart of the jewelry and diamond trade in Latin America.
"I have always loved Latin America and today I am happy to work here and bring beauty and joy with my jewels," said designer Roberto Coin, pictured left.
"The identity of the Roberto Coin brand is absolutely unique, for it blends the very finest elements of Italian design and craftsmanship together with the brilliance and flair of the man himself," added Sultan. "It is a privilege to be able to work with him, and to be the channel through which Roberto Coin jewelry is delivered to the fast-growing markets of Latin America."
Roberto Coin jewelry is a popular choice among celebrities for red carpet appearances. The designer also guarantees an ethical production chain for all the precious stones and gold used in his pieces, and has received several awards for his corporate social responsibility.
The brand has more than 1000 points of sale in 63 countries, of which Panama is the last big new entry. For more information, please contact: panama@robertocoin.com.
Pandora Axes More U.S. Retailers; Amps Up Its Focus on Company Stores
Copenhagen, Denmark—Another 116 retailers in North and South America—mostly in the United States—were cut from Danish bead brand Pandora’s distribution network. The announcement was made with the company’s third-quarter financial results and reported in National Jeweler.
To date this year, 346 retailers in the Americas have been cut from the brand’s distribution network. According to the NJ article, the cuts are in keeping with Pandora’s stated goal to trim smaller accounts and emphasize distribution through its own network of branded stores and those retailers that have a heavily branded “shop in shop” presence.
Mouawad Designs Multi-Million-Dollar Bra For Victoria’s Secret
New York, NY—The highlight of the annual Victoria’s Secret brand lingerie show is always its Fantasy Bra, a gem-encrusted creation clearly not meant to be a practical undergarment. This year’s edition was dubbed the Fireworks Fantasy Bra, and designed to look like an explosion of color and sparkle. Designed and created by Mouawad, the $2 million bra boasts 6,500 precious gems. It took more than 685 hours of labor to make, and features 14 different kinds of gems, such as red garnet, blue topaz, yellow sapphire, and pink quartz, all set in 18k gold.
Model Lily Aldridge was chosen to wear the bra on the runway. Photo: Michael Stewart
De Quercize Steps Down As Cartier Head
New York, NY—Stanislas de Quercize (below) has stepped down from his role as CEO of Cartier, a division of Compagnie Financière Richemont. He will be replaced by Cyrille Vigneron, currently president of LVMH in Japan.
According to Women’s Wear Daily, de Quercize stepped down voluntarily, citing personal reasons. He remains a Richemont Group executive, however, and will take over the role of chairman of Richemont France.