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Kikuchi Nakagawa Introduces the Ichimonji SJX Watches
Patek Philippe Calatrava ref 96 Nov 24, 2020

Kikuchi Nakagawa Introduces the Ichimonji

Founded by a pair of Japanese watchmakers, Kikuchi Nakagawa got its start in 2018 with the launch of the Murakumo, a time-only wristwatch inspired by the Patek Philippe Calatrava ref. 96 of the 1930s. Now the duo once again look to Swiss watchmaking of the same period for the Ichimonji. Kikuchi Nakagawa’s newest watch sticks to the elegantly focused formula that defined the Murakumo – a black-polished steel case, along with hand-made hands, and a Vaucher movement. The emphasis is recreating the vintage aesthetic as well as honing the case finishing to the highest level. Initial thoughts The appeal of the Ichimonji is very much like that of its predecessor. It looks and feels like a vintage watch, but not quite, because it is clearly finished to a far higher level, a quality that is discernible in how the surfaces catch the light. Design wise the watch faithfully recreates the sensation of a vintage watch, but elevates it to another level of refinement thanks to a keen attention to detail. Take for instance the hour numerals for five and seven, which have been replaced with dots in order to avoid cutaway numerals. And the external finishing of the watch is similarly elevated. In fact, there is likely no other watch in this price segment with a similarly finished case. The case is polished by hand as a movement component would be, as are the hands. While the baton-shaped hands appear similar at a glance, but are actually three dimensional and hand finished to create br...

The full story behind the Electric Feels of the Linde Werdelin Oktopus Blue Sea, a late-night disco diver for the wrist Time+Tide
Linde Werdelin Nov 22, 2020

The full story behind the Electric Feels of the Linde Werdelin Oktopus Blue Sea, a late-night disco diver for the wrist

Despite my Nordic roots and name, it’s beginning to occur to me that I’m not cool enough for the new Linde Werdelin. The Swiss-Danish watchmaker is well known for their decidedly strong design language. Increasingly, they’re nearly as well known for their stoic refusal to be deterred from banking all on it. Today, it’s the … ContinuedThe post The full story behind the Electric Feels of the Linde Werdelin Oktopus Blue Sea, a late-night disco diver for the wrist appeared first on Time+Tide Watches.

Jaeger-LeCoultre Introduces the Master Ultra Thin Tourbillon Moon SJX Watches
Jaeger-LeCoultre Introduces Nov 20, 2020

Jaeger-LeCoultre Introduces the Master Ultra Thin Tourbillon Moon

Combining an unusual variety of complications that nevertheless go well aesthetically, the Master Ultra Thin Tourbillon Moon is the latest tourbillon wristwatch from Jaeger-LeCoultre, which has made something of a speciality in iterating its tourbillon movements with various additional complications. Powered by the newly-developed cal. 983, the new watch features a moon phase, pointer date, and tourbillon regulator. And its case is made of Le Grand rose gold, a fade-resistant gold alloy unveiled only earlier in the year. Initial thoughts The Master Ultra Thin Tourbillon Moon is a handsome watch executed in the typical Jaeger-LeCoultre style. The design is classical, with a handful of details that refine the look, including the applied hour markers and metal-deposition moon phase scale. And the movement is decorated well, though largely by mechanical methods, and the result is visually appealing. But it is a bit large at 41.5 mm in diameter, and also thick at 12.1 mm high – giving it dimensions similar to a sports chronograph. The cal. 983 in the Master Ultra Thin Tourbillon Moon And the retail price of US$88,500 is high. Jaeger-LeCoultre’s strength is haute horlogerie in the middle of the price segment – though it’s been drifting upwards – alongside brands like Ulysse Nardin and H. Moser & Cie. But both those brands recently launched tourbillons of comparable quality – the Blast and Endeavour Cylindrical Tourbillon respectively – that cost less. Master To...

Highlights: Winners at 2020 Grand Prix d’Horlogerie de Genève SJX Watches
Piaget  Altiplano Ultimate Concept Nov 13, 2020

Highlights: Winners at 2020 Grand Prix d’Horlogerie de Genève

Having just taken place in Geneva and broadcast live, the 2020 Grand Prix d’Horlogerie de Genève (GPHG) ceremony anointed most of the year’s best watches. Whittled down from a large selection to candidates that were evaluated by an all-Swiss jury instead of the usual cosmopolitan mix due to travel restrictions, eighteen watches (and one watchmaker) received prizes. A handful of them are worth a look as worthy winners – albeit winning by default in some of the less competitive categories – as well as a notable watch that did not win but should have. Awarded to the best watch of the contest, the Aiguille d’Or Grand Prix, went to the Piaget Altiplano Ultimate Concept. The thinnest mechanical watch on the market, the Altiplano Ultimate Concept (AUC) is the culmination of all the progress in ultra-thin watchmaking over the last several decades. At an unreal 2 mm high, the AUC pushes engineering to the cutting edge, albeit at an extremely high price. While there were other watches in the competition that could reasonably be candidates for the Aiguille d’Or, the AUC has earned it. The Piaget AUC Complications and revelations Another prestigious award is the Horological Revelation Prize, which is awarded at the discretion of the jury to watch made by a nascent brand. It went to the Petermann Bédat 1967, unquestionably one of the highlights of independent watchmaking this year. Well deserving of the prize, the 1967 is simply marvellous (we explain why here). Thoug...

Our Predictions In The Challenge Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Very Interesting Finalists With (Relatively) Affordable Pricing Quill & Pad
Nov 10, 2020

Our Predictions In The Challenge Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Very Interesting Finalists With (Relatively) Affordable Pricing

Watches entered into the Challenge category are offered for a retail price under 4,000 Swiss francs. This is perhaps the most popular category as it's for watches that more people can afford, and the competition is tough. Which explains why our panel of five has three different picks for the winner.

Our Predictions In The Petite Aiguille Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Comic Figures, Legibility Issues, Skeletonization, And An In-House Monopusher Quill & Pad
Nov 9, 2020

Our Predictions In The Petite Aiguille Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Comic Figures, Legibility Issues, Skeletonization, And An In-House Monopusher

The GPHG Petite Aiguille category is for watches with a retail price between 4,000 and 10,000 Swiss francs. This is a category that stands closer to the general public as it comprises watches that are far more affordable than the other categories except the Challenge category (under 4,000 Swiss francs).

Chopard Mille Miglia GTS Azzurro Power Control Deployant
Chopard Mille Miglia GTS Azzurro Nov 7, 2020

Chopard Mille Miglia GTS Azzurro Power Control

This spring, Chopard will proudly reprise its role as main sponsor and official timekeeper of Italy’s world famous Mille Miglia classic car rally, a position it has held continuously since 1988. Each year, Chopard Co-President Karl-Friedrich Scheufele has demonstrated his passion for automobiles by competing in the gruelling, 1,000-mile contest that runs from Brescia to Rome and back – and each year the Maison produces a new Mille Miglia watch collection to celebrate what is regularly described as 'the most beautiful race in the world'.

Business News: Richemont Six-Month Watch Sales Plunge 38% SJX Watches
Cartier Nov 7, 2020

Business News: Richemont Six-Month Watch Sales Plunge 38%

Richemont just reported its sales for the first half of the financial year – the six months to end September 2020 – and most of the numbers are in the red. The Swiss luxury group that owns Cartier and IWC saw sales fall 26% year on year, though the quarterly numbers show a gradual recovery. Sales were down by 47% in the first quarter but recovered enough to dip just 6% in the second quarter, owing to a gradual reopening of the economy. This no doubt inspired optimism amongst investors, who sent the group’s share price up almost 9% by the close of trading. Optimism notwithstanding, the declines extended to all performance metrics. Operating margin fell sharply to just 8.3%, almost half that for the same period in 2019. The falls in sales and margins collectively led to stark, 82% fall in operating profit. Net profit cratered, going from €869m in the first half of 2019 to just €159m. Beyond the negative numbers, the report was also notable for what it did not include. With rumours swirling about changes to Richemont management at the very top level – particularly about the tenure of chief executive Jerome Lambert – it was widely speculated the results announcement would include personnel changes, but nothing was forthcoming. Woe for watches and everywhere but Asia The global pandemic meant a global fall in sales, but with drops varying from region to region. As expected, Asia Pacific performed the best, with sales falling just 4%. Negative growth in the fir...

Rado Captain Cook Green Dial Review WatchAdvice
Rado Captain Cook Green Dial Nov 5, 2020

Rado Captain Cook Green Dial Review

Rado’s Captain Cook collection is by far one of the brands most iconic lines, a watch, as they say, designed to stand the test of time. Back when Rado released the first Captain Cook model, the Swiss Brand wasn’t known or associated with dive watches. Many of the watch brands back in the day attempted to delve into the different categories of watchmaking to expand their horizons, and Rado was no different. Typically being a dress watchmaker, Rado designed and released their first dive watch, the Captain Cook timepiece, in 1962. Captain Cook Green dial reference R32105313 The name Captain Cook was of course given to honour the explorer Captain Cook. The original 1962 Captain Cook was a serious dive watch, with a case built to survive approximately 220m of watch depth. Back in 2017, Rado re-released the 1962 Captain Cook model with a 1:1 recreation of the original, all with updated movement and materials. The design of the 2017 watch was kept the same as the original, as they retained the 37mm case sizing, red numeral on date wheel, shape of hour indices and hands, down to the spinning anchor at 12’clock position. The watch community loved this re-edition of what is a classic dive watch upon its release. With the watch becoming popular, Rado decided to make multiple iterations of the Captain Cook, with many different versions with different coloured dials being released.  Earlier this year, Rado released a new variation of the Captain Cook, with the new timepiece now ...

Oris Aquis Date Calibre 400 Review WatchAdvice
Oris Aquis Date Calibre 400 Oct 29, 2020

Oris Aquis Date Calibre 400 Review

Oris has been stepping up the game lately with their recent Calibre 400 movement release, and now a watch to house this incredible movement. The Swiss brand’s current collection is made up of high-performance fit-for-purpose mechanical watches. It was a tough choice however, to see which of their current timepieces would be worthy and fit to house the new groundbreaking Calibre 400 movement. First model that was chosen to implement the new calibre 400 is the Oris Aquis Date.  Watch advice recently had an in-depth look at the Calibre 400 movement from Oris and how this is groundbreaking for not only the brand but for the watch industry as a whole. For the price that the Calibre 400 movement is offered for and the amount of value you get back, Oris has redefined what a timepiece should provide for the everyday collector.   Oris chose to use a model from the Aquis range for the Calibre 400 movement due to characteristics of the Aquis timepieces. The Aquis around the globe is recognised as being an iconic contemporary divers watch. The timepieces are robust, reliable and come equipped with a variety of functions—the perfect candidate for the Calibre 400, a movement that share the same characteristics.  Case: The new Aquis Date Calibre 400 comes in a multi-piece stainless steel 43.5mm case. The case has been designed using sharp lines and chamfered edges, creating an overall refined look. The case has a water resistance of 300m (30 Bar), making it safe for swimming and ...

Chopard Introduces the Mille Miglia 2020 Race Edition SJX Watches
Chopard Introduces Oct 26, 2020

Chopard Introduces the Mille Miglia 2020 Race Edition

Watchmaker and jeweller Chopard has a long been associated with classic cars, owing to its co-president Karl-Friedrich Scheufele, who is a passionate collector of vintage automobiles. As a result, Chopard has been a sponsor of the Mille Miglia classic-car rally since 1988 – with Mr Scheufele himself taking part each year. Chopard has released a commemorative edition for each Mille Miglia since, this year’s Mille Miglia 2020 Race Edition is very much in the style of the classic Mille Miglia edition, but more restrained with a black diamond-like carbon (DLC) coated steel case – or dressed up with a rose-gold bezel. Racing champion Jacky Ickx with the new Mille Miglia chronograph Initial thoughts Though based on the standard Mille Miglia Classic Chronograph, the 2020 edition has been given an all-black treatment, which Chopard has also recently applied to its L.U.C ultra-thin dress watch. The DLC-coated case is matched with a dial in muted colours that’s also been sandblasted for a matte, grained finish, as have the hands, which results in a coherent, clean look. This year’s version feels more contemporary than many earlier editions of the Mille Miglia chronograph, many of which were dressed in bright, racing colours like green or red. And its dark case finish also makes it feel a little smaller, which is helpful for a relatively large watch. But while the watch looks good and is a limited edition, it’s priced a little steeply at US$6,700 in steel (and an extra...

Our Predictions In The Chronometry Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Our Panel Is United, But Not Unanimous Quill & Pad
Oct 18, 2020

Our Predictions In The Chronometry Category Of The 2020 Grand Prix d’Horlogerie de Genève (GPHG): Our Panel Is United, But Not Unanimous

In the GPHG Chronometry category, we find mechanical watches that contain at least one tourbillon, and/or a special escapement, and/or another development improving precision timekeeping. What we don't find, though, is much hard data regarding precision like timing test results or in most cases even a second hand. Precision watches without a second hand? Despite that, our panel predicts a clear winner.

INTRODUCING: The Chopard Alpine Eagle XL Chronograph Time+Tide
Chopard Alpine Eagle XL Chronograph Oct 17, 2020

INTRODUCING: The Chopard Alpine Eagle XL Chronograph

One of the more surprising watches of 2019 was Chopard’s Alpine Eagle. Based on the Swiss outfit’s St. Moritz wristwatch of the 1980s, here was an entirely new take on the luxury stainless steel sports watch with integrated bracelet. It was, and still is, an important timepiece for Chopard as it’s the watchmaker’s best attempt … ContinuedThe post INTRODUCING: The Chopard Alpine Eagle XL Chronograph appeared first on Time+Tide Watches.

MB&F; Introduces the LM Perpetual EVO SJX Watches
MB&F; Oct 13, 2020

MB&F; Introduces the LM Perpetual EVO

The most complicated MB&F; watch when it was launched in 2015, the LM Perpetual (or LM QP) was powered by an ingenious movement combining a “split” escapement and a novel perpetual calendar mechanism developed by Irish watchmaker Stephen McDonnell. Now MB&F; has reworked the watch to create its sportier and more robust successor, the LM Perpetual EVO. Featuring several tweaks to the case, dial, and movement that are cumulatively significant, the LM Perpetual EVO boasts increased water resistance along with an integrated rubber strap. The LM Perpetual EVO is a limited edition of 15 watches each in black, blue, and orange Initial thoughts Even though the Legacy Machine (LM) line was conceived as something inspired by the 19th century and Jules Verne, the LM Perpetual with its open-worked, intricate dial was always stylishly modern, though that was toned down by the white-lacquered sub-dials of the original model. The EVO, however, makes full use of the open-worked dial to become an uber-contemporary watch. Both the material and construction of the case are new: it’s now zirconium with a more complicated architecture, featuring recessed sides and angular lugs that integrate with the strap. And the sub-dials are black, creating a striking contrast against the base plate in black, blue, or orange. Most notably, the EVO brings to mind the Harry Winston Project Z1, which was the other major product developed by MB&F; founder Maximilian Büsser when he was chief executive of ...

Auction Watch: Philippe Dufour Simplicity Sells for Record US$662,000 SJX Watches
Oct 9, 2020

Auction Watch: Philippe Dufour Simplicity Sells for Record US$662,000

Sotheby’s fall watch auction in Hong Kong included a diverse selection of independent watchmaking, including two examples of the Philippe Dufour Simplicity, both with silver guilloche dials. The first to go on the block was a 37 mm specimen in white gold with a movement number of 68. It sold to a client represented by Joey Luk of Sotheby’s watch department for HK$3.528m including fees, which is a little over US$455,000. That was substantially above the US$250,000-300,000 range that the Simplicity had generally sold for, setting a new record for the model. The next lot was a 34 mm Simplicity in platinum, numbered “100”. And then the record was broken. After a few minutes of back and forth between an online bidder, as well as phone bidders represented by Ms Luk and John Chan, also of Sotheby’s watch department, Mr Chan’s bidder triumphed with a bid of HK$4.1m. Inclusive of fees, the total was HK$5.136m, or about US$662,000, well over double the most recent high for the Simplicity. Part of the reason behind the price is rarity, not only absolute but also relative to other Simplicities. Platinum is unquestionably the rarest metal version for the watch, and 34 mm examples is are regarded to be fewer than 37 mm. The record price for both watches bode well for the Simplicity 20th Anniversary “00/20” – fresh from maker and offered by Mr Dufour himself – that will be sold at Phillips’ November auction in Geneva.  

Aquastar Introduces the Deepstar Chronograph SJX Watches
Oct 9, 2020

Aquastar Introduces the Deepstar Chronograph

Originally founded in 1962 to capitalise on the popularity of leisure diving at the time, Aquastar specialised in making diving instruments and notched up several patents, such as a “no-decompression” bezel. But like the rest of the Swiss watch industry in the 1970s, the Aquastar suffered during the Quartz Crisis and faded away, although it never really died. Now it’s been resurrected and makes it debut with, unsurprisingly, a vintage remake with the Deepstar Chronograph. Initial thoughts The Deepstar is obviously a watch of the 1960s, with the angular, tonneau-shaped case and dial design giving away its origins. The retro-diver look is now back in vogue, which was no doubt a reason behind the revival of the brand. And the popularity of the design is for good reason. It is clean and attractive, and unusual compared to today’s dive watches (although vintage remakes are increasingly common). The vintage Deepstar All of the best elements of the vintage original are found on the remake, including the oversized, “big eye” minute register. And though it’s larger than the 37 mm original – a necessity due to the La Joux-Perret movement inside – the remake is 40.5 mm, smallish by today’s standards, which means it still retains the vintage feel. Aside from the true-to-original grey dial, the Deepstar is also offered in black and blue, with an “early-bird” price of US$2,790 (which rises to US$3,590 after the initial run of 300 pieces in each colour). The pre-...

INTRODUCING: The Omega Seamaster Diver 300M Chronograph Gold Titanium Tantalum redefines the luxury diver Time+Tide
Omega Seamaster Diver 300M Chronograph Sep 28, 2020

INTRODUCING: The Omega Seamaster Diver 300M Chronograph Gold Titanium Tantalum redefines the luxury diver

Omega’s lines between utility and luxury are ever-blurring, and increasingly confusing to people who like to categorise watches into strict genres and tropes. The truth is, the centuries-old Swiss powerhouse is constantly proving that you can have high-performance, high-specification and high-flex wristwatches without spending anywhere near as much as the competition. More to the point: … ContinuedThe post INTRODUCING: The Omega Seamaster Diver 300M Chronograph Gold Titanium Tantalum redefines the luxury diver appeared first on Time+Tide Watches.

Raketa Introduces the Big Zero Malevich SJX Watches
Raketa Sep 22, 2020

Raketa Introduces the Big Zero Malevich

Having been reenergised with some Swiss marketing savvy, Russian watchmaker Raketa has revived some of its Soviet-era classics and now debuts the striking Big Zero Malevich. The Big Zero Malevich reproduces one of the artist’s most famous works with tiny pieces of mineral stone, creating a stark, geometric mosaic on the dial. Created in partnership with the State Tretyakov Gallery, the Big Zero Malevich is a limited edition of 300 watches, with a portion of the proceeds from its sale going to the museum. Initial thoughts Art rarely translates well onto a watch dial, especially for an affordable price, but the Big Zero Malevich manages to pull it off. It appeals visually, but also in terms of materials – the dial is not just printed but instead a mineral stone mosaic. As an aside, shorter hands would have maximised the impact of the black square on the dial – the hands would blend into the square entirely – but that would have made legibility impossible. The only downside is the simple case and no-frills movement, but with a price tag of a little over US$1,400, the Big Zero Malevich is priced well. Abstract mosaic A watch brand owned by the Petrodvorets Watch Factory, which has its origins in 18th century Tsarist Russia, Raketa is now owned by English and French investors who recruited former Jaquet Droz chief executive Manuel Emch as a consultant. An industry veteran who’s an art collector himself, Mr Emch is no doubt responsible for the tie up with Tretyakov Ga...

Hamilton Introduces the Khaki Aviation Converter SJX Watches
Breitling s Navitimer but used Sep 17, 2020

Hamilton Introduces the Khaki Aviation Converter

Once an American watchmaker that was a global giant, Hamilton is today a Swiss brand best known for its value-proposition, vintage-inspired watches – and providing watches for several Hollywood films. Its speciality is exemplified by watches like the Khaki Field Mechanical, a robust, military-style watch that costs less than US$500. Hamilton has just unveiled a new collection of affordable pilot’s watches, the Khaki Aviation Converter. The line up is made up of three watches – time and date, GMT, and chronograph – all equipped with a slide-rule bezel for cockpit calculations and conversions. From left: the base model automatic, the GMT, and the chronograph in two variants Initial thoughts As with the most of the watches in the Khaki collection, the Converter is appealing in design and no doubt solidly, if simply, constructed. While it might not be the most original in design – the slide-rule bezel is synonymous with Breitling’s Navitimer but used by many brands – the Converter is strong value. Starting at US$995 for the automatic and rising to US$2,145 for chronograph, the collection is a good entry into watches featuring a slide-rule bezel. The bezel features double-row knurling for good grip The generic design aside, it is heartening to see that attention has been paid to the details. With the large, luminous hands and contrasting colours, legibility appears good. The movements are visible through the case back, something that can be captivating for a beg...

The new Seiko Prospex “Save the Ocean” SRPE33K has a scratched blue ocean dial you have to see to believe… Time+Tide
Seiko Prospex “Save Sep 16, 2020

The new Seiko Prospex “Save the Ocean” SRPE33K has a scratched blue ocean dial you have to see to believe…

An automatic dive watch that brings value to both your wrist and environmental efforts, the Seiko Prospex Save the Ocean SRPE33K is the latest special edition made in honour of protecting the ocean. Across the board, Seiko is known for providing high horological value at lower price points than its Swiss peers and the “Save … ContinuedThe post The new Seiko Prospex “Save the Ocean” SRPE33K has a scratched blue ocean dial you have to see to believe… appeared first on Time+Tide Watches.

INTRODUCING: The Bulgari High-End Watch 2020 Novelties show the “jeweller of time” in absolutely top form Time+Tide
Bulgari High-End Watch 2020 Novelties Sep 15, 2020

INTRODUCING: The Bulgari High-End Watch 2020 Novelties show the “jeweller of time” in absolutely top form

It cannot be refuted how much Switzerland has influenced horology and the luxury watch industry at large. As a result, designs across brands can seem familiar when they all draw from the same well of inspiration and technique. Bulgari, however, continues to stand out from the pack, blending its Swiss watchmaking know-how with its Italian … ContinuedThe post INTRODUCING: The Bulgari High-End Watch 2020 Novelties show the “jeweller of time” in absolutely top form appeared first on Time+Tide Watches.

Frederique Constant Introduces the Highlife Perpetual Calendar SJX Watches
Frederique Constant Introduces Sep 10, 2020

Frederique Constant Introduces the Highlife Perpetual Calendar

Long focused on affordable mechanical watches, Frederique Constant continued with its specialty after its acquisition by Japanese watchmaking giant Citizen. Now the Swiss brand has just revived its bestseller from two decades ago, the Highlife collection, which has been redesigned extensively. It’s a new watch in all but name – the revamped Highlife harks back to the integrated-strap of the original, but it is a design very much catered to today’s taste. The Highlife Perpetual Calendar Manufacture The new Highlife collection debuts with three models that share the same tonneau-shaped case and integrated bracelet with quick-release pins. The most interesting watch of the trio is the Highlife Perpetual Calendar Manufacture, which is affordable despite its in-house movement and styling that’s reminiscent of more expensive watches. The other two models in the line up are simple automatics: one is time-only with an “Open Heart” dial revealing the balance wheel, and the other is a COSC-certified three-hander with date. Highlife Automatic COSC The Highlife Heart Beat Initial thoughts The Highlife manages to translate the look of high-end luxury-sports watches into an affordable watch by keeping a few design elements and simplifying everything. It is unavoidably derivative in style, but competently designed. So the 41 mm case is a simple affair with simple lines and surfaces, but dressed up with a polished, domed bezel. However, it avoids looking too plain even with t...

Breaking News: LVMH Abandons Tiffany Takeover SJX Watches
Louis Vuitton Dior Sep 9, 2020

Breaking News: LVMH Abandons Tiffany Takeover

Announced shortly before COVID-19 made the news, the US$16 billion deal to take over Tiffany & Co. has been scrapped by LVMH. The French luxury conglomerate, which counts Louis Vuitton, Dior, and Hublot amongst its brands, cited the looming tariffs on French goods announced by the United States. That led to instructions from the French government to delay the deal until January 2021, according to LVMH. Another reason cited by the French group was Tiffany’s request for extension of the closing date for the deal, from November to December. In response, Tiffany filed a lawsuit in the United States, seeking to force LVMH to complete the deal. Regardless of the motives behind the withdrawal, it appears to be a shrewd move by LVMH, which is controlled by Bernard Arnault, the richest man in France and widely regarded to be a hard-nosed dealmaker. In the 10 months since the deal has been announced, the world has changed drastically. The state of the the industry makes it likely that LVMH will be able to find cheaper avenues to cement its position as the world’s biggest luxury group. Tiffany shares fell almost 10% in pre-market trading on the news, while LVMH declined about 0.9% during the trading day in Paris.