SJX Watches
Editorial: Observations and Takeaways at Watches & Wonders 2024
Watches & Wonders 2024 just closed its doors earlier this week, and as usual attendance was up. Visitors increased 14% over last year, reaching some 49,000. It certainly felt more crowded, though sentiment was muted. Glamour, however, was delivered by the visits of Gisele Bündchen and Kylian Mbappé at IWC and Hublot respectively. Interestingly, there seemed to be fewer notable independent watchmakers walking around the halls then before, perhaps reflecting their success (which means they needed to meet clients). Gisele Bündchen sporting the new Portugieser chronograph. Image – Watches & Wonders Destiny On the topic of people, the inevitable questions about who’s going where were circulating as usual. When will Cartier’s Cyrille Vignernon retire and who will replace him? Will there be management changes at the LVMH watch division with Frederic Arnault in charge? Insiders have some idea and the rest of us will have to wait. Questions were also asked about brands, specifically smaller players with mixed fortunes – whether they will be sold or simply shut down, like Rebellion was a few months ago. There is of course the perennial sale of Parmigiani, but that isn’t really news – the brand has been quietly on the market for years with no takers. Some brands might have been lucrative exits for their owners a year ago, but now the discussion about a dimmer fate reflects the palpably normalised watch business. Where the outlook is always bright. Image – Watches & W...
