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Results for Watches and Wonders Geneva

36,240 articles · 259 videos found · page 416 of 1217

What’s Love Got To Do With It? Everything, Says Breguet With These 5 Stunning Watches Quill & Pad
Breguet Feb 7, 2022

What’s Love Got To Do With It? Everything, Says Breguet With These 5 Stunning Watches

Women have played a significant role in Breguet’s history, acting as inspiration or catalyst for some of the company’s most memorable timepieces – a phenomenon that continues today. So in 2018, when Breguet launched a timepiece in honor of St. Valentine’s Day, it was the start of an annual ode to love that has become as highly anticipated for watch lovers as the holiday itself. Here are all five of these limited edition timepieces.

Business News: Kering Sells Ulysse Nardin and Girard-Perregaux to Management SJX Watches
Girard-Perregaux Jan 24, 2022

Business News: Kering Sells Ulysse Nardin and Girard-Perregaux to Management

After several years of trying to grow its sub-scale watch division, Kering has sold both of its watch brands in a management buyout led by chief executive Patrick Pruniaux. A former Apple executive who started his watch career at TAG Heuer, Mr Pruniaux first took charge of Ulysse Nardin in 2017 before also taking the top job at Girard-Perregaux a year later. He proceeded to merge both brands into a single factory in La Chaux-de-Fonds, a move that was subsequently followed by layoffs the next year. The slimmed-down brands will have the flexibility to do more, while also facing the challenge of being relatively small players facing off against stronger brands. The French luxury group never managed to replicate the earlier success of its watch brands, both of which were run by iconoclastic entrepreneurs – Rolf Schnyder at Ulysse Nardin and Luigi “Gino” Macaluso at Girard-Perregaux. Both their deaths led to their heirs selling the respective companies to Kering, the Macaluso family in 2011 and the Schnyder family in 2014. Patrick Pruniaux With brands like Gucci and Saint Laurent in its stable, Kering had 2020 revenues of over €13 billion, leaving its two-brand watch division diminutive in comparison. The group never found the right formula for its watch division, resulting in the gradual erosion of sales. At the time of their respective acquisitions, Girard-Perregaux has annual sales of about CHF180 million and Ulysse Nardin about €190 million according to recent es...