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maker La Fabrique du Temps * Financial details not disclosed * Deal comes after PPR acquired control of Swiss watch group (Adds details) PARIS, July 7 (Reuters) - Louis Vuitton, the luxury leathergoods maker owned by industry giant LVMH , on Thursdaysaid it had acquired for an undisclosed amount the Swiss watchmanufacturer La Fabrique du Temps, its partner since 2007. The deal comes after LVMH's rival PPR took controlthis week of watchmaker Sowind Group, of which it already owned23 percent, giving it brands Girard-Perregaux and JeanRichard aswell as a manufacturer of high-end watch movements. Luxury groups such PPR and LVMH, as well as independentwatchmakers such as Patek Philippe and Rolex, are stepping uptheir investments in watch production and parts providers toreduce their dependence on external suppliers. The trend is also fed by Swatch Group , theindustry's biggest provider of parts and movements, which hasbeen repeatedly threatening to stop supplying rivals. However, on Thursday, Louis Vuitton said La Fabrique duTemps would continue to supply other clients. "The integration of La Fabrique du Temps reflects LouisVuitton's desire to uphold the highest quality standards for itswatches and further develop its know-how in the conception andperfection of movements," the brand said in a statement. The Swiss watch industry, which contracted sharply in 2009,has been enjoying a strong rebound largely driven by Chinesebuyers and tourists in western Europe. Swiss watch exports areup 20 percent since the beginning of the year. Louis Vuitton, best known for its LV embossed leatherhandbags, diversified into apparel designed by Marc Jacobs inthe 1990s and later into watches. Two years ago it entered thehigh-end jewellery market. The brand sold its first watch in 2002 and stepped up thedevelopment of its watch operations in 2008. That year, LVMH acquired Hublot, which has become since thefastest-growing luxury watch brand within the group. (Reporting by Astrid Wendlandt; Editing by Leila Abboud andJane Merriman)

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Tapestries are considered to be one of the oldest art form that was popular with the kings and the nobles as well. The beautiful wall tapestries continue to be popular in the modern era as well wherein they can be a part of your home dcor and can add a rich look to the dcor. These antique and luxury art forms can be used to ornate the walls of your living rooms, dining room, bedroom, lobbies, galleries and may be used in your office also. The wall tapestry is available in different designs and sizes and you may easily choose one according to the theme of the roomFor instance, if you need a wall tapestry for your living room then you can use royal tapestries that would add elegance to the room.