LVMH

SPRINGFIELD, N.J. — Watch maker TAG Heuer has launched its first online shopping boutique.  Paying homage to the brand's eight avant-garde retail boutiques nationwide, the new online boutique will mimic TAG Heuer's "lifestyle lounge," which allows consumers to fully immerse themselves in the TAG Heuer brand from any location. 

Wal-Mart Asia CEO Scott Price is among the feature speakers participating in this year’s World Retail Congress event scheduled for March 19-21 in Singapore.

NEW YORK — The Jones Group has appointed Scott Bowman to the newly created role of group president global retail and international development, effective immediately. Bowman will oversee the international strategy and operations of retail and licensing for the company's portfolio of fashion brands.  He will report to Richard Dickson, president and CEO of branded businesses at The Jones Group.

Markham, Canada -- Donna Karan Co. is implementing a new merchandise, store and assortment planning software solution, QuickAssortment from Maple Lake, that will enable it to create assortments that align to the purchasing preferences of its customers in each location, as well as via its e-commerce stores.

QuickAnalytics is also being used to provide extensive reporting and
analytical capabilities.

PARIS — The president of Procter & Gamble's global hair care business is taking on a new role at Sephora.

Effective March 31, Christopher de Lapuente will end his 28-year career at P&G to become the global president and CEO for beauty retailer Sephora, which is owned by luxury group LVMH. All regions worldwide will report to him. For European operations, de Lapuente succeeds Jacques Levy.

In addition to his responsibilities as global president and CEO for Sephora, de Lapuente also will be a member of LVMH's executive committee.

Paris -- A report released Monday by Reuters said that French luxury group LVMH will acquire Italian luxury jeweler Bulgari for $5.2 billion.

The offer, according to the report, is a 60% premium to Bulgari’s average share price, and indicates that the bounce-back of the luxury market could occur at a faster rate than Wall Street anticipated.

Rival bidders included the Richemont group and PPR, according to Reuters.

New York City -- Tiffany & Co. has named Frederic Cumenal as executive VP, effective March 10.

Cumenal, 51, will be responsible for the company’s businesses in Asia, Japan, Europe and Emerging Markets, and will report to chairman and CEO Michael J. Kowalski. He joins Tiffany from the LVMH Group where most recently he was president and CEO of Moët & Chandon, S.A.