Results for Richemont Group

Breaking News: Mr Georges Kern resigns from his position at Richemont group

Georges Kern resigns from his position of Head of Watchmaking, Marketing and Digital of the Richemont Group. The resignation has immediate effect.

Musings on the Richemont Group Re-organization Press Release and commentary

Much has been written on the announcement by the Richemont Group's re-organization. We offer personal musings of a young management consulting practitioner.

Nicolas Bos Appointed CEO of Richemont Group

Introducing: Baume, A New Watch Brand Focused On Customization And Sustainability From The Richemont Group

The latest marque hopes to bring watchmaking to a different audience.

Jérôme Lambert Named CEO of Richemont Group

First Look - The 2026 Minerva Collection, now a Stand-Alone Brand, Unveiling the new Crownless

Since its acquisition by the Richemont Group in 2006, historic and highly revered brand Minerva has lived under the control of Montblanc, its watches bearing double-signed dials. 20 years later, under the direction of Laurent Lecamp, Global Managing Director for both Montblanc and Minerva, the venerable hidden gem of haute horology emancipates again and now becomes […]

Is The Baume & Mercier Clifton The Perfect Gentleman’s Watch? (Hands-On)

Though the aftershocks of news surrounding Baume & Mercier is still being felt, does their new Clifton keep the ball rolling? Let’s find out! What We Love: Elegant, slim case silhouette One of the comfiest bracelets I’ve ever worn Baumatic = Best value? What We Don’t: Fairly ordinary appearance, not for those wanting dramatic flair Bracelet finishing invites scratches and smudges Crown operation feels off Overall Rating: 8.75/10 Value for Money: 9/10 Wearability: 9/10 Design: 9/10 Build Quality: 8/10 Is the dress watch dead? Both Matt and I have attempted to answer this question on separate occasions. Matt argued that, in the contemporary space, the dress watch has fallen out of favour. I, on the other hand, believe dress watches remain prevalent and are thriving within the accessible segment of quartz timepieces. However, there are still a handful of brands that have committed themselves to collections defined by elegant aesthetics and attainable price points. One of these brands, Raymond Weil, is one we’ve discussed extensively, but they are far from the only player in this market. WATCH EDUCATION: An Introduction Into Baume & Mercier Founded in 1830, Baume & Mercier has maintained a notable presence within this relatively accessible tier of luxury watchmaking. A long-time subsidiary of the Richemont Group since 1988, the brand has used this period to develop watches that are balanced yet distinctive, both in design and mechanics. While the Riviera collection...

Introducing: New Audemars Piguet Royal Oak Openworked And Malachite-Dial Models

I vividly remember visiting the Salon International de la Haute Horlogerie (SIHH), the predecessor of Watches and Wonders, in Geneva in 2010. Alongside Richard Mille, Richemont Group brands, and a few others, Audemars Piguet showcased its latest creations. That year, the Royal Oak Openworked ref. 15305 stood out to me. It was based on the […] Visit Introducing: New Audemars Piguet Royal Oak Openworked And Malachite-Dial Models to read the full article.

The Journey of Thomas Schnelle

Thomas Schnelle’s journey began in northern Germany, where he pursued studies in toolmaking. After completing his technical college education, Schnelle found himself at a crossroads. While he contemplated studying design, a lack of confidence initially held him back. It was at this juncture that fate intervened, leading him to Chronoswiss, then owned and operated by Gerd-Rüdiger Lang in Munich.  Chronowiss and Lang could be a long story in itself since Lang had mentored and influenced a lot of the next generation of watchmakers and brands. In 1991, 21-year-old Schnelle approached Lang, and it paid off when Lang entrusted the young newcomer with a significant project – creating a series of 99 escapement models. Schnelle officially started his career in the watchmaking industry as a supplier to Chronoswiss, later becoming a freelancer for the Bavarian brand.  In 1995, Schnelle completed his watchmaking studies in Würzburg, and had the honor to be recognized as Germany’s best young watchmaker in competition. He continued to work as a freelancer for Chronoswiss until 2012, when Lang sold the company to the Ebstein family in Switzerland. Schnelle also repaired Cartier Tank watches for nearly 20 years for the Richemont group. He even took on side projects like milling air stream chambers for Infineon, and offering his technical design services.  In August 2024, I visited Schnelle at his home atelier in Munich, and his workshop was filled with photographs, technical de...

Industry News - Richemont Reports Stable Sales for the First Semester 2024, Results Down for Watches

Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 30 September 2024. The Group delivered an overall stable performance with flat sales at constant exchange rates and -1% at actual rates, at EUR 10.1 billion. At EUR 2.2 billion, profit is down 12% at constant rates and down 17% […]

Industry News - Richemont Reports Stable Sales For Q1 2024, Results Down for Watches

Following the announcement yesterday of decreasing sales for the Swatch Group, particularly impacted by the industry’s challenging situation in China and South East Asia, it is time today for one of its main competitors, Richemont Group, to announce its sales for the first quarter ended 30 June 2024. Contrary to expectations, global sales are to […]

Industry News - Louis Ferla Appointed CEO of Cartier, Replaces Cyrille Vigneron

Following the appointment a few weeks ago of Nicolas Bos as the new CEO of the Richemont Group (replacing Jérôme Lambert), the luxury conglomerate once again announces changes in managing positions, with a new CEO for its jewellery/watchmaking brand Cartier. Effective 1st September 2024, Louis Ferla (ex-Vacheron Constantin) will take over Cyrille Vigneron as Chief […]

Opinion: Maybe One Group Controlling All the Major Luxury Brands Would Be Bad?

It’s been a slow few months in the watch industry. Not at all uncommon in the summer, and we haven’t even hit the real sleepy months yet, when most of Europe goes on holiday and American watch media is confronted with the reality that we’re working a beat that doesn’t really exist for a short period of time. But there was real news last week: Bloomberg reported that LVMH CEO Bernard Arnault owns a (small) personal stake in the Richemont Group, his closest rival in the luxury goods space. Once the news broke, many began to speculate. Hey, it’s a slow summer – speculating is what keeps us awake. Could this be a sign that LVMH is positioning itself to buy the Richemont Group? Could that even happen? What’s the actual point of antitrust laws anyway?  Bernard Arnault There’s no actual indication, of course, that Arnault wants to purchase Richemont. The holdings, according to Bloomberg, are part of a larger portfolio of Arnault family investments that include many publicly traded companies. No comment as of yet from Richemont or LVMH, although as many outlets are reporting, LVMH has a history of buying an interest in their rivals.  We live in a world where insane wealth becomes more insane every year, so it’s not a huge mental leap to think that Bernard Arnault, who on any given day might be the world’s wealthiest man, could have eyes on getting even richer. Taking an ownership stake in Richemont would almost certainly do that. It likely already has – Ric...

Recap - The Best of Indie Watchmaking at Watches & Wonders 2024 and The Geneva Week

Watches & Wonders 2024 and The Geneva Watch Week are now far behind us… But it’s the perfect time to look back, with more relaxed minds, at the best watches we’ve seen around town. These fairs are primarily bringing the spotlight on large brands, such as Rolex, the Richemont Group or LVMH. But thankfully, it […]

Backgammon And Watch Strategy With Benjamin Comar, CEO Of Piaget

In 2021, Benjamin Comar assumed the role of CEO at Piaget amidst the challenging backdrop of the COVID-19 pandemic reaching its peak. However, Comar’s ascent to this position was not without merit. With an impressive 25-year tenure within the Richemont Group, his career trajectory speaks volumes. He embarked on his journey in 1992 at Cartier, […]

Industry News - Richemont Reports Sales up by 8% For Third Quarter, Jewellery Taking the Lead over Watches

Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the nine months ended 31 December 2023. The group, which includes brands such as Cartier, IWC, JLC and Vacheron, reports sales up by 8% at constant exchange rates and by 4% at actual exchange rates to EUR 5.6 billion for the last quarter […]

In Conversation with Georges Kern: The Success Story of Breitling

“Only success will prove that we are right.” – Georges Kern. Joining the Richemont Group in 2000, Mr. Kern was highly involved in major brands like A. Lange & Söhne, Jaeger-LeCoultre, and IWC Schaffhausen following their acquisition by the group. In 2002, Kern was chosen to be the CEO of IWC and became the youngest […]

Why you should pay more attention to the Baume & Mercier Riviera

How does one of the older brands around stay relevant throughout the years, you may find yourself asking. Since their inception in 1830, Baume & Mercier have done it all – Art Deco, unique shapes, chronographs, and, in the 1970s, the Riviera – an integrated-bracelet sports watch. Today, as part of the Richemont group, they’ve … ContinuedThe post Why you should pay more attention to the Baume & Mercier Riviera appeared first on Time+Tide Watches.

Baume Partners with Ski Brand ZAG

Baume, the Richemont Group’s newest brand and one that is committed to sustainability, is releasing its second limited edition, this time with the French ski brand ZAG.

BREAKING NEWS: Richemont Launches its Newest Watch Brand - Baume

The Richemont Group’s newest brand, Baume, launches today, aimed solidly at young watch consumers who care about more than luxury watchmaking.

BREAKING NEWS: Richemont announces resignation of Georges Kern, Head of Watchmaking, Marketing and Digital

In a short statement published on their website, Richemont has announced that Georges Kern has resigned, effective immediately. Kern, long time CEO of IWC was promoted to the prominent position of ‘Head of Watchmaking, Marketing and Digital’ for the entire Richemont group just four months ago. He has been seen by many as one of the … ContinuedThe post BREAKING NEWS: Richemont announces resignation of Georges Kern, Head of Watchmaking, Marketing and Digital appeared first on Time+Tide Watches.

Hello, Mr. Porter

In light of the latest shake up within the Richemont Group - Revolution’s editorial director ruminates on the future of watch retail and the companies that are set to take the game-changing step of fully embracing e-commerce.

The Richemont Shakeup

Just the facts, from the Richemont Group shakeup signaling an all out rally towards a stronger Digital front.

The Big Bang: Jean-Claude Biver To Head LVMH’s Watch Department

BANG! Just as Richemont’s yearly watch-party, the SIHH, was starting last week, LVMH announced the appointment of Jean-Claude Biver as head of LVMH’s watch department. The timing of this announcement was surely not chosen in vain, perhaps in a slight attempt to upstage the party of the Richemont group and the SIHH brands. This announcement […]

Industry News - Shakeups at Richemont - Jérôme Lambert Back as CEO of Jaeger-LeCoultre, Laurent Perves named CEO of Vacheron Constantin

Swiss luxury powerhouse Richemont has just announced yet another round of shifts in top management positions, with new direction for two of its most prestigious watchmaking brands, Vacheron Constantin and Jaeger-Lecoultre. Effective January 1st, 2025, the nominations of Jerôme Lambert and Laurent Perves follow the appointments announced earlier this year. Nicolas Bos was promoted from […]

François-Henry Bennahmias Nominated Audemars Piguet Group CEO

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 […]

A Look at the Latest from Horage in Spain

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...

Richemont Sells Baume & Mercier To The Italian Damiani Group

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.

Introducing - Credor Goldfeather Imari Nabeshima Porcelain Dial GCBY991

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 […]