Business News: Watches & Wonders Becomes More Accessible
In a long anticipated move, the organisers of Watches & Wonders – now the world’s most important luxury-watch fair – have just revealed the 2023 exhibition will be open to the public on its final two days. The event takes place in Geneva from March 27 to April 2, 2023, so the public days will be on the first two days of April. Simultaneously, the organisers also debuted the Watches & Wonders Geneva Foundation (WWGF). According to the announcement, the decision to create the foundation was taken by Rolex, Richemont, and Patek Philippe. Both the public days and WWGF are evidence that the Geneva giants, Rolex and Patek Philippe, now have a lead role in the city’s major watch fair. Historically that position was occupied by Richemont, the luxury group that owns a stable of brands ranging from Cartier to IWC. New titles for Messrs Dufour and Perrin The WWGF will “organise… watch and jewellery exhibitions, in Geneva and beyond… and define the major strategic areas of this ambitious project.” Most notable is the fact the the WWGF will be chaired by Rolex chief executive Jean-Frederic Dufour, while its deputy chairman is Emmanuel Perrin, head of Richemont’s watch division. Though unstated, it is implied that the WWGF succeed the Fondation de la Haute Horlogerie (FHH), which was long the organiser of SIHH and also of this year’s W&W;. Though technically independent, the FHH was regarded by the industry as being dominated by Richemont. Anyone can now walk the ha...
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