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LVMH enlists Louis Vuitton in smartwatch fight against Apple
[ZURICH] Louis Vuitton plans to sell a smartwatch for travelers starting at US$2,450 as parent company LVMH enlists the 163-year-old French suitcase and fashion brand to broaden its fight against the Apple Watch.
The Tambour Horizon offers flight information and city guides for seven destinations, the company said in a statement. It's modeled after the mechanical Tambour line and is the first Android Wear smartwatch that functions in China.
Within two years, Apple has become the world's second-bestselling watch brand, outranked only by Rolex, disrupting sales of low-end watchmakers and convincing several luxury timepiece brands they need to offer an alternative or risk falling behind.
LVMH is the high-end watchmaker that has the biggest lead in the smartwatch segment, due to the success of its TAG Heuer connected timepieces. Recently Richemont dived into the market, offering a US$890 Montblanc smartwatch.
"We'll see more luxury brands break up the smartwatch duopoly between Apple and Samsung," said John Guy, an analyst at MainFirst Bank AG.
"It not only provides consumers with a luxury option, where the aesthetic is more in harmony with technology, but is also provides a springboard for younger consumers to move into traditional Swiss watches at a later stage."
The Tambour Horizon is 42 millimetres (1.7 inches) in diameter, making it smaller than its rivals. Like the competition, it also sends notifications of text messages, emails and phone calls.