Swarovski Launches First Wearable Device Series

Has become a new field for fashion brands to compete. The crystal brand Swarovski SWAROVSKI also follows the pace of technology to launch the first wearable device series, which includes watch strap, bracelet and necklace pendant products. At the same time, Swarovski SWAROVSKI's App is also synchronized.

Like most wearable devices, Swarovski SWAROVSKI wearable device products will track the wearer's path, movement and consumption.

The induction chip will be implanted in Swarovski SWAROVSKI.

Follow up.

In terms of price, $69 does not include tracking crystal bracelets at the lowest price range of the series. It includes $249 for tracking crystal pendants. In addition, the pendant sold without tracking crystal is priced at $149.

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As early as the beginning of December last year, there were reports that many companies competed for Jones Group Inc., Jones group's women's shoes brand Stuart Weitzman.

Sycamore Partners LP, a private Holdings Company, bought the Jones Group Inc. Jones group of US apparel manufacturers in December 2013 for $2 billion 200 million (including $1 billion debt). In August 2014, it hired Goldman Sachs Group Inc (NYSE:GS) Goldman Sachs and Group (Citigroup) Citigroup to sell the company's "Partners" to raise funds for the purchase of other clothing and footwear retailers such as the company.

If WSJ quotes are true, the $600 million price of Stuart Weitzman is much lower than the $1 billion valuation quoted by the former news agency, which is roughly equivalent to 6-7 billion dollars quoted by the financial times.

In addition to Coach Inc. (NYSE:COH), the Brown Shoe Company Inc. (NYSE:BWS) and at least one private Holdings Company are interested in acquiring Stuart Weitzman Holdings.

Stuart Weitzman Holdings LLC has about 45 stores in the US market, with 61 stores and 10 outlets in the international market, plus e-commerce and wholesale business, with an annual sales of about 300 million US dollars.

Stuart Weitzman Holdings LLC will make a conscious addition to the Coach Inc. (NYSE:COH), which is committed to pforming the leather brand into lifestyle brand, because shoes are exactly what the Coach Inc. (NYSE:COH) Cox group focuses on in the pformation process.