631 articles · 15 videos found · page 2 of 22
Revolution
In an anticipated announcement made by Chairwoman Jasmine Audemars on behalf of the Board of Directors, François-Henry Bennahmias was nominated Chief Executive Officer (CEO) of the Audemars Piguet Group. He was previously heading up Audemars Piguet (North America) in New Work since 1999 and was promoted General Manager ad interim end May 2012. The 48 year […]
Worn & Wound
When writing about brands, we often use the words “micro” or “independent” to describe any brand that is not a Swiss luxury powerhouse or part of a mega conglomerate. Think of Rolex, Richemont or the Swatch Group for example. Most micro and independents we write about are, more often than not, brands that are more about design and a certain lifestyle philosophy than engineering and manufacturing. 99% of brands I love are the former. This doesn’t mean, however, that the latter don’t exist. Instead, an independent brand can be qualified as being one which goes beyond design to create stuff. A lot of new and cutting-edge stuff. This brings us to Horage, the Swiss that has been covered in these pages extensively, and more recently, most recently when Ed Jelley reviewed the Lensman 2. What we know about Horage is this: they make their own movements, good ones at that, and unique looking watches. I recently attended an event hosted by Horage through which I discovered that the brand actually does much more. Not only does Horage make its own movements, but it’s also at the forefront of technology to make watch manufacturing more sustainable. Or, should I say, watch collecting more sustainable. Through the discovery of their newest model and caliber-which I will tell you about in a second-I realized that everything in life does indeed work in cycles. Think about this: Rolex started as what we now describe as being a microbrand. It bought parts from many places to...
Fratello
Yesterday, the watch industry news headline read: “Richemont sells Baume & Mercier to Damiani Group.” The brand that turned 195 last year will soon be in the hands of its Italian distributor. In addition to being the distributor of Baume & Mercier, the family-run group also owns jewelry brands Damiani, Salvini, Bliss, and Calderoni, as […] Visit Richemont Sells Baume & Mercier To The Italian Damiani Group to read the full article.
Monochrome
Credor, a high-end division of the Seiko Group, was founded in 1974 with a focus on refined, ultra-thin timepieces that emphasise artistic and artisanal techniques. Originally catering to the Japanese domestic market, Credor has begun to expand internationally only recently (mostly with the Locomotive, based on a Genta design) and will make its debut at […]
Fratello
After Swatch’s Speedmaster MoonSwatch and Scuba Fifty Fathoms collections, we were waiting for the next Swatch Group classic to undergo a Bioceramic metamorphosis. But now it looks like Citizen Group is entering the competition with its new Bulova Snorkel collection. The inspiration for these Hybrid Ceramic watches comes from the brand’s iconic Oceanographer Snorkel, nicknamed […] Visit Introducing: The Bulova Snorkel Collection With Hybrid Ceramic Cases And Tropical Colors to read the full article.
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Time+Tide
One of the watch industry's biggest conglomerates has played musical chairs this week, with a new group CEO appointed and brand CEOs moving around.The post Richemont’s CEO reshuffle signals a new future for the luxury group appeared first on Time+Tide Watches.
SJX Watches
Alongside its results for the year ended March 2024 – with revenue at an all-time high but marked by slowing growth – Richemont announced a major management revamp with Nicolas Bos promoted to chief executive officer of the group that owns brands like Cartier and Piaget. His predecessor (but not exactly), Jérôme Lambert, will be the group’s chief operating officer. Having led Van Cleef & Arpels (VC&A;) for just over a decade, Mr Bos skilfully grew the jeweller’s revenue more than sixfold during his tenure. At the same time, he managed to established a recognisable identity for VC&A;, one distinct from its bigger sibling, Cartier. He has spent practically his entire career at Richemont, having joined the group in 1992. Prior to taking the top job at VC&A;, he was its creative director, a role he retained even after becoming the jeweller’s chief executive. Effective June 1, the promotion of Mr Bos lends credence to talk of retirement for Cartier boss Cyrille Vigneron, who at 63 is nearing the group’s retirement age. Having led Cartier since 2015, Mr Vigneron has transformed it into a reliably profit generator that accounts for about half of the group’s revenue and a great deal of its profits. And next most profitable brand in Richemont is of course VC&A;. Jerome Lambert Some are more equal than others Mr Bos’ new job implies a demotion of sorts for Mr Lambert, who was appointed chief executive officer in 2018, after having led Jaeger-LeCoultre and then Montbla...
Quill & Pad
What would a corporate acquisition of Richemont or Swatch Group look like? What players might be involved? How could this affect the watch-buying and collecting community? Chris Malburg sets out his opinion in this must-read article.
Revolution
Swatch Group watch brand Certina hosted a celebratory dinner at the London Aquarium in June, to showcase its partnership with the Florida-based Sea Turtle Conservancy.
Hodinkee
Watchmakers are suffering from weak demand and sales, particularly in China, but there are signs of surprising strength and potential stabilization.
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Revolution
Fratello
In 2023, right after Wimbledon, I wrote an article questioning whether there was life for Rolex in tennis after Roger Federer left the sport as an active player. During that year’s Wimbledon, the Swiss maestro received a unique welcome from the English audience. It showed people’s respect and gratitude for Federer as a tennis player […] Visit The Start Of A New Tennis Season Reveals Rolex’s Firm Grip On The Sport to read the full article.
Time+Tide
It really isn’t often that watches, even the super-luxury timepieces that stretch well into six or seven figures, put so much care into visual execution as the Louis Vuitton Tambour Carpe Diem. In this modern world where even the existence of such expensive items must be examined as a moral dilemma, this watch is one … ContinuedThe post The Louis Vuitton Tambour Carpe Diem is pure horological poetry appeared first on Time+Tide Watches.
Quill & Pad
One of Martin Green's favorite watches of 2021 is the Louis Vuitton Tambour Carpe Diem. At rest, the time is not visible on this watch. However, after pushing a snake-shaped button the entire dial comes to life as a rattlesnake begins to move and the skull begins to laugh at you. And finally you can see the time (but only if you need to).
SJX Watches
Unveiled during Watches & Wonders 2021, Louis Vuitton Tambour Carpe Diem Automaton made its debut alongside highly complicated watches from mainstream watchmakers – but it holds its own in mechanical complexity and metiers d’art decoration against the best of them. Initial thoughts Louis Vuitton’s mechanical watches are impressive, and often don’t get enough respect from watch enthusiasts because of the often ostentatious design. But I respect the quality of concept and execution, and like several of the watches (and own one of them). The flagship complication for 2021 is typical Louis Vuitton in terms of design, but creative in its mechanics and polished in its artisanal decoration. The Carpe Diem is essentially a modern day vanitas – a work of art symbolising the transience of material goods and fragility of life. At the same time, it encapsulates many of the favoured themes in modern-day watchmaking – complex movements, artisanal decoration, and over-the-top style. Although the Carpe Diem is massive and extreme, the craftsmanship evident on the dial is delicate and refined. The engraving on the skull is fine, and even more intricate on the snake, which is enamelled in exceptional detail. All of the metiers d’art on the dial is as good as that on watches from mainstream watchmakers. At the same time, the movement is technically competent and properly finished, given its La Fabrique du Temps provenance. But the watch is a lot of watch, in terms of size an...
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Quill & Pad
The Foradori family believes that It is its duty and privilege to wake up every morning and to be free to work according to the message that the earth conveys in that moment. And according to Ken Gargett, this approach tastes divine!
Revolution
Deployant
The Hamilton Watch Company is one with an illustrious history. Founded in Lancaster, Pensylvania in the US in 1892, nearly 120 years ago, it stood right at the forefront of high precision watchmaking. They focussed in those days principally in the production of railroad watches. Pocket watches which often with two timezones though sometimes onlyRead More
Hodinkee
'House of Brands,' the group of watchmakers including Breitling, Universal Genéve, and the soon-to-be-revived Gallet, announced executive changes that will see the flagship brand led by new leadership, with Georges Kern becoming the group's Chief Executive Officer. Jean-Marc Pontroué, a long-time Richemont executive and the former CEO of Panerai and Roger Dubuis, is the new Chief Executive Officer of Breitling, the group says in a statement. The changes take effect in May. Georges Kern Georges Kern, who has led Breitling under new ownership since 2017, overseeing a more than doubling of annual sales to above CHF 800 million, according to analyst estimates, and one of the most dramatic turnarounds in modern watchmaking, becomes the new CEO of the House of Brands, overseeing the three marques and their leadership in a newly created role.At Universal Genève, which relaunched this month in the high-end segment in what's likely the most ambitious watch brand return and repositioning in decades, Grégory Bruttin remains Managing Director. Meanwhile, at Gallet, the approachable-priced brand known for its Flying Officer and Multichron models, to be revived in August this year, Erwan Rossignol, who is already leading the team preparing the relaunch, becomes Managing Director. The changes confirm the multi-brand ambitions of the private-equity-backed Grenchen, Switzerland-based company, and provide a structure similar to that of other groups with portfolios of several watch bra...
Monochrome
It’s the time of year when businesses announce their financial performance. Following Richemont and LVMH, Swatch Group has just released its 2025 results. In a challenging environment for the watch industry, the sales of Swatch Group – the Swiss powerhouse and owner of Omega, Longines, and Tissot – were CHF 6,280 million, down 1.3% at constant exchange rates […]
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Monochrome
Swiss-based conglomerate Richemont, owner of multiple jewellery and watch brands such as Cartier, IWC, Piaget, A. Lange & Söhne or Vacheron Constantin, to name a few, has agreed to sell Swiss watch brand Baume & Mercier, which it acquired in 1988, to the Italian, family-run Damiani Group, concluding a strategic review of the long-time Richemont […]
SJX Watches
Today Richemont confirmed the rumoured sale of its entry-level Baume et Mercier brand to the Damiani Group, a key distributor of the brand in Italy through its retail chain Rocca. While Baume et Mercier is understood to not be profitable, the acquisition should give Baume et Mercier the home-field advantage, as Italy is one of the most important markets for the brand today. According to the Baume et Mercier website, 325 stores in Italy carry the brand, compared to just 150 in France, 130 in the United States, and only 66 in Mainland China. A leaner Baume et Mercier focused on the Italian market, in the same vein as Eberhard & Co., is likely in the long-term, but in the meantime it must be untangled from Richemont. The deal is expected to close this summer, after which Richemont will provide “operational services” for the brand for at least 12 months. It is unclear whether the brand’s “Baumatic” movements with 5-day power reserves will survive the transition, as there are made by ValFleurier - Richemont’s counterpart to ETA. For more information, visit Richemont.com.
Monochrome
The luxury watch industry is impacted by the slowing global economy, changes in consumer behaviour and tariff wars. Despite this challenging environment, Geneva-based luxury goods group Richemont reports solid revenues for the start of the year, with a positive trend for the first quarter ended 30 June 2025. Over the period, the Group’s sales are […]
Monochrome
The slowing global economy and changes in consumer behaviour are hurting the luxury watch industry. Geneva-based luxury goods group Richemont reported a 4% increase in sales for their 2024/25 year, closing at the end of March at EUR 21,399 million. At EUR 3.8 billion, the profit for the year’s continuing operation is down 1%. This […]
Monochrome
It’s the time of year when businesses announce their financial performance. Following Richemont and LVMH, Swatch Group has just released its 2024 results. In a challenging environment for the watch industry, the sales of Swatch Group – the Swiss powerhouse and owner of Omega, Longines or Tissot – were CHF 6,735 million, down 12.2% at […]
Video
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