Change in management at Parmigiani Fleurier SA

Fleurier, 2021: The Board of Directors of Parmigiani Fleurier SA hereby announces the appointment of Guido Terreni as CEO. He is to replace Davide Traxler, who has decided to pursue professional opportunities outside the Group after two and a half years at the helm of the Company.
These changes will take effect immediately.

Mr. Traxler will also resign with immediate effect from the boards of directors of Parmigiani’s distribution companies, where he will also be replaced by Mr. Terreni.

“In the person of Guido Terreni, we have been able to secure a strategist and recognized expert who oversaw the repositioning of Bulgari Horlogerie as one of the leading global watch brands in the high-end segment. I am certain that Guido Terreni will take Parmigiani Fleurier to new heights”, according to Fritz Schiesser, Chairperson of the Sandoz Family Foundation.

Mr. Terreni made the following statement on his appointment: “I am honored and enthusiastic about being able to contribute to enhancing Parmigiani Fleurier’s reputation. It is a solid brand, capable of expressing the Swiss watchmaking heritage at the highest level, which has recently been included by UNESCO in its List of the Intangible Cultural Heritage of humanity, whilst also attracting the interest of the most discerning connoisseurs”.

“When I joined Parmigiani in mid-2018, we focused on improving company profitability as well as optimizing the product range and structures. We have made major progress in this area. The next stage will be centered on long-term strategic brand realignment. This will also include the Company’s response to market changes brought about by COVID-19. This is the right time to place management of the Company in new hands”, according to Mr. Traxler. The Board of Directors would like to express its thanks to Davide Traxler for his efforts for the Company.

A native of Milan, Guido Terreni, aged 51, is of dual Swiss-Italian nationality and graduated in Economics at the Luigi Bocconi University in Milan. He has gained 25 years of professional experience both within an international company under family management and at major international groups. He started his career in 1995 at the Danone Group. In 2000 he moved to Switzerland, joining the Watchmaking Division at the Bulgari Group. He was appointed President of Bulgari Horlogerie in 2010, a position which he held for the following ten years. Driven by his vision for innovation, his sense of aesthetics and a strong desire to respect the integrity of traditional Swiss mechanical watchmaking, he has been able to assemble teams that have turned Bulgari into a fully-fledged premium watch brand. This result is confirmed by the 57 international watchmaking prizes and 6 world records in the area of ultra-thin movements.

VIVIAN STAUFFER
CEO HAMILTON INTERNATIONAL LTD.

Vivian Stauffer is the CEO of Hamilton, an iconic name in precision watchmaking since it was founded in Lancaster, Pennsylvania in 1892. Its watches earned their reputation by synchronizing the first railroads and went on to furnish the wrists of soldiers, aviators and Hollywood stars, making over 500 appearances on the big screen. Hamilton has been at the forefront of innovations in design, technology and craft, launching the world’s first electric timepiece in 1957 and first LED digital watch in 1970. A member of the Swatch Group, the global leader in watch manufacturing and distribution, Hamilton combines its American spirit with true Swiss precision.

A Swiss national, Vivian Stauffer obtained his master’s degree in Chemical Engineering at the Ecole Polytechnique Fédérale of Lausanne. An outdoor enthusiast, he is an experienced pilot and also enjoys free skiing, mountain biking and hiking. He began his career at Swatch, a brand of the Swatch Group, in 2002, where he spent five years as a member of their sport and sales team.

In 2007, he joined Hamilton as Regional & Travel Retail Sales Manager and acted as Brand Manager of Switzerland between 2010 and 2013. Also appointed as Head of Sales in 2011, he developed and implemented the international sales and distribution strategy for 24 subsidiaries and 40 distributors around the world. He opened the first Hamilton boutiques in Japan and Switzerland and spearheaded Hamilton’s growth in China as interim brand manager for a year and a half.

Hamilton CEO since 2020, he oversees the brand’s global strategy and development in over 75 countries.

BREGUET ANNOUNCES THE APPOINTMENT OF ITS NEW CEO

Breguet and its President Marc A. Hayek are delighted to announce the appointment of Lionel a Marca as its CEO.
Lionel a Marca joined the Swatch Group almost 30 years ago and has been working at the Maison since 2019. His commitment and impressive skills across all areas of watchmaking saw him appointed to the Executive Boards of Blancpain in 2004 and Harry Winston in 2014.
In 2019, he also joined the Extended Executive Board of the Swatch Group.
Now, Mr a Marca is placing all of his fine horology passion and experience at the service of Breguet. He will be taking over the operational management under the presidency of Marc A. Hayek, with whom he has worked closely for over 20 years. As Marc A. Hayek noted, “The appointment of Lionel a Marca, a watchmaker in the purest sense of the word at a Maison of Breguet’s prestige, marks a new chapter in its history. I know that he will put all of his energy into continuing the work started by my grandfather since the takeover in 1999, while also keeping the pioneering spirit of its founder alive.”

Garmin announces first quarter results

Company reports strong double-digit revenue and operating income growth

Schaffhausen, Switzerland / April 28, 2021/ Business Wire – Garmin® Ltd. (NASDAQ: GRMN), today announced results for the first quarter ended March 27, 2021.

Highlights for first quarter 2021 include:

  • Total revenue of $1.07 billion, a 25% increase over the prior year quarter led by double-digit growth in the fitness, outdoor, marine and auto segments
  • Gross margin improved to 59.8% compared to 59.2% in the prior year quarter
  • Operating margin improved to 23.3% compared to 20.7% in the prior year quarter
  • Operating income of $250 million, a 41% increase over the prior year quarter
  • GAAP EPS was $1.14 and pro forma EPS(1) was $1.18, representing 30% growth in pro forma EPS over the prior year quarter
  • Launched Lily™, our smallest and most fashionable smartwatch
  • Expanded our market reach to serve endurance athletes with the launch of EnduroTM
  • Entered the powersports market with an all-new assortment of products including the rugged Tread™ power sport navigator, the PowerSwitch digital switching system and the BC 40 wireless camera
  • Garmin Autoland named a 2020 finalist for the esteemed Robert J. Collier Trophy

 

Nicolas Baretzki, CEO of Montblanc, understanding the new world of luxury

Hamburg, Germany – Nicolas Baretzki, CEO of Montblanc has achieved strategy and product, order and innovation, adaptation and vision, as well as the congruence of valuing the past and legacy of his home. At the same time, he sees the horizon of innovation and creativity, craftsmanship and is evident at the top of technology.

The man who runs Montblanc through one of the most complicated years for the luxury and travel industry opened the doors of his house to chat with Watches World via videoconference.

Montblanc, collections of exceptional value

With a perfectly ordered collection, strategically inspired and developed through the weighty values and stories of its Minerva Manufacture, all collections take on an exceptional value in their different executions in materials, colors and scales. From a 24-hour watch to a highly complex steel and titanium bracelet, his watches today speak accurately of his great execution. Dressed in unprecedented blue for its range of patina or natural fiber straps, the style that continues to consolidate the House as one of the most widely used watchmakers in the world, with the section on doing what haute horlogerie allows its customers to do. more exclusive movements where we have even had the pleasure of seeing how they make a spiral or carve each of their pieces by hand.

Today in its watchmaking part Minerva and Le Locle are fully integrated. Its two manufactures speak the same watchmaking language, the strategy has paid off. In his other specialties we discovered his union in fountain pens with one of the great stories of our country with the Moctezuma pen, carried out through many years of research, developing the idea in conjunction with historians of the country and government agencies, in order to deliver a unique item. In the avant-garde scene, followed by its Summit connected watch, it now features one of the best hearing aids on the market. Both in finishes and materials as well as in sound, without a doubt, a great addition to that client for whom luxury is not only wearing and showing, but living and enjoying moments and experiences.

Facing new challenges

Thank you for receiving the video call at home, how do you spend this quarantine time?

NB: You know, tough times. But tough times also offer a good opportunity. Until recently, almost all countries were closed (at the time of the interview, Europe was beginning a gradual opening of the 2020 quarantine).

The challenge is taking care of your staff and maintaining communication with key customers. We work a lot through live broadcasts and videoconferences. Now, we are seeing Europe reopen, slowly but surely. Our hope is that the Americas, as a whole, will follow the same path. What happens in Mexico? Until when will the containment measures be maintained?

Facing new challenges

Thank you for receiving the video call at home, how do you spend this quarantine time?

NB: You know, tough times. But tough times also offer a good opportunity. Until recently, almost all countries were closed (at the time of the interview, Europe was beginning a gradual opening of the 2020 quarantine).

The challenge is taking care of your staff and maintaining communication with key customers. We work a lot through live broadcasts and videoconferences. Now, we are seeing Europe reopen, slowly but surely. Our hope is that the Americas, as a whole, will follow the same path. What happens in Mexico? Until when will the containment measures be maintained?

How did Montblanc do in 2019?

NB: For Montblanc, 2019 was a very interesting year. We have been in a transition from distribution to being a virtual brand, connecting with customers. We have worked on many projects that are actually just starting now. A new approach to marketing automation, lots of product innovations, it was very intense. Until January of this year, it had been a very good period.

WW: After 2020, this quarantine, have you reconsidered any of the goals for this year and 2021?

NB: Without a doubt. One of the things we have learned is that we have to be very agile. When you think about quarantine, in a matter of 24 hours you have to completely modify the way you work, implement the work via home office. In a matter of days, you realize that you can be very efficient. There are some projects that we decided to postpone, because at the moment it does not make sense to carry out everything we had planned. If the market opens in July, then we will only have 9 months of this year.

I don’t want to force 12-month projects into a 9-month period. There will be no big events. We have the digital platform. We had a great event with the VIPs, which we organized through the live broadcasts. Between some good stories and some bottles of wine, we present some beautiful pieces, some high-end watches. We are also creating this community, we keep it alive, which I consider crucial. What gives meaning to everything is this feeling of family that we have at Montblanc.

In any case, the big launch still stands. The Montblanc 1858 Geosphere with a blue dial is a completely new collection. We have Moctezuma’s presentation, which perhaps makes even more sense to you in Mexico.

Geosphere Titanium

Nicolas Baretzki thinks ahead

Returning to quarantine, I think we work more while at home. We start earlier in the morning, we finish later. We don’t have breaks. It offers you the opportunity and the time to think about the future. Now we have to think about what should be adjusted, how can we restart, what the world will be like in 2021, 2022. It is a very exciting time.

WW: What would the changes in the luxury industry look like after what is happening in the world?

NB: I can’t say that after a couple of weeks I already know everything. But certain elements are emerging. First, I believe that the luxury industry is going to benefit from this situation. The maisons that are characterized by their craftsmanship, their heritage, that have this content and values, are going to benefit a lot. I think the world will have more sensitivity towards these types of maisons. They are going to focus more on these characteristics, instead of pure fashion. I think style is going to be very important, prevailing over pure fashion.

Certain habits will continue. There are people who say that we will continue with the home office forever, permanently. Also, we shop in completely different ways these days. I think this will continue to a certain degree. I believe that the digital experience and e-commerce will continue to flourish.

I see that people travel less, but continue to travel in particular from home to office and back. A new understanding of this world will generate new needs. I believe that the home office certainly has a place in the new luxury industry.

There are many things we can anticipate. Relationships, community are extremely important. And certain aspects are going to accelerate, such as online commerce, such as sustainability. But these aspects had already been present before. They are only going to be more marked in the near future.

The Minerva and Le Locle integration

WW: Let’s talk about the clocks. Are you satisfied with the integration between Minerva and Le Locle? We have seen this year’s collection, its logic is established.

NB: My answer has been the same for the last three years. More than satisfied, I think it was something crucial. Montblanc’s strategy has always been the same. If you go into a segment, you do it from a vertical, integrated perspective. We are not opportunists. The watchmaking side and the legitimacy of Montblanc definitely have their roots in Minerva. When we say “Minerva is Montblanc and Montblanc is Minerva”, they are not just words, it is a reality.

Second, each collection comes from Minerva, from her history. Minerva has had her presence for over 160 years, she lived through different eras, some more classic, more military, more vintage, more sophisticated. But without a doubt, she provides a lot of inspiration and we used her to create the story of each line.

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For me personally, Minerva is a great opportunity to play with the legacy, with the design, with specific dials, the style of the watches. Finally, Minerva is the culmination, it is an exceptional expression of a category of luxury watch collections.

To return to your question, Le Locle and Minerva are a team today. If you remember, before it used to be two different entities, two different collections. Today, it is the only approach. We have the 1858 collection, and then you have this beautiful Chrono Monopusher, with the Minerva movement, this blue dial, etc. I truly believe that it is one of the most beautiful pieces that we have in our collections. Additionally, we have these exceptional pieces that are the result of internal development, such as the Geosphere, which is one of the most recognized. A central identity, part of this aggressive positioning, with few complications, which are more like pieces of Le Locle. One entry price segment from each collection, so I would imagine that many customers would enter Montblanc through this segment.The Minerva and Le Locle integration

WW: Let’s talk about the clocks. Are you satisfied with the integration between Minerva and Le Locle? We have seen this year’s collection, its logic is established.

NB: My answer has been the same for the last three years. More than satisfied, I think it was something crucial. Montblanc’s strategy has always been the same. If you go into a segment, you do it from a vertical, integrated perspective. We are not opportunists. The watchmaking side and the legitimacy of Montblanc definitely have their roots in Minerva. When we say “Minerva is Montblanc and Montblanc is Minerva”, they are not just words, it is a reality.

Second, each collection comes from Minerva, from her history. Minerva has had her presence for over 160 years, she lived through different eras, some more classic, more military, more vintage, more sophisticated. But it certainly provides a lot of inspiration and we used it to create the story for each line.

Panerai Luminor Marina, the silver knight of the sea

For me personally, Minerva is a great opportunity to play with the legacy, with the design, with specific dials, the style of the watches. Finally, Minerva is the culmination, it is an exceptional expression of a category of luxury watch collections.

To return to your question, Le Locle and Minerva are a team today. If you remember, before it used to be two different entities, two different collections. Today, it is the only approach. We have the 1858 collection, and then you have this beautiful Chrono Monopusher, with the Minerva movement, this blue dial, etc. I truly believe that it is one of the most beautiful pieces that we have in our collections. Additionally, we have these exceptional pieces that are the result of internal development, such as the Geosphere, which is one of the most recognized. A central identity, part of this aggressive positioning, with few complications, which are more like pieces of Le Locle. An entry price segment from each collection, so I would imagine that many customers would enter Montblanc through this segment.

1858 Monopusher Chronograph

So a unique identity is created that is the expression of Montblanc. Hope you never got a different answer to your question.

WW: This year is when Minerva is most integrated into the collection. Speaking of this year’s collection: we have seen blue, the forest, the ice blue mountains. Is there a next color or logic in the 1858 product line?

NB: Innovation is a big part of Montblanc. In everything we do, not just watches. Blue is obvious, it is going to stay as a permanent collection. The green collection was the limited edition, it was not a permanent collection. The idea was to work with different statements. First, we work on different materials. For example, it was very difficult to develop this watch band, something extremely difficult and important. This bracelet is amazing. When you see this piece in metal color, with satin titanium tint, it creates a completely different watch when you wear it. In my opinion, it was as important as integrating this blue color.

This year, our purpose is to create this sense of alignment. We are doing it because we believe that 1858, without a doubt, is going to become an iconic line.

WW: Is anything being worked on 1858 under the sea?

NB: I think you have to stay in your own territory. Every time you try to be opportunistic, you lose your customers. Montblanc is known for its innovation, its engineering, but we are also known for this segment that is more dedicated to mountaineering, exploration, not the element of water at all. If I can think of a diver’s watch tomorrow, that’s good, we can do it. But what is the logic with the brand? I believe we must stay where we are legitimate, where we are loyal to the brand. The classic, the sophisticated, the vintage, yes. Life abroad, Minerva’s military expression, no doubt. Everything that is part of measuring time, Chronograph, which comes from Minerva, of course. Every story begins with Minerva, so we have enough ideas in these 160 years that we can use, without trying to enter a territory that is not our scope.

Montblanc Heritage Monopusher Chrono

WW: Timewalker. The sponsorship with the Goodwood.

NB: We do not leave aside the Goodwood thing. We hope the Duke of Richmond will organize it. Obviously it will not happen in July, it is impossible. I think it was a great platform for Timewalker, in this racing car context, in the Minerva story. Last year Timewalker was a huge success. Without a doubt, it is a segment that belongs to Montblanc.

Montblanc’s strategy

At the same time, my key strategy is to reduce the number of collections, to concentrate them more. We have many products, we are very creative, but it is good to be able to identify what is good for the brand, how to use it. At the same time, it is very important to be able to focus on very specific collections, which your clients understand and can support. In a way, we are implementing it in Star Legacy. But at least we can be much clearer. We have enough collections, products that work. It also makes it easier for our customers.

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Star Legacy.

WW: I would like to talk about two very important products, the Moctezuma pen and Montblanc creating hearing aids …

NB: We have seen many reviews, especially in the United States, in specialized magazines. I was very impressed when people said that they are one of the best hearing aids, that the sound is incredible, the technology is state of the art. As always in Montblanc, the latest technology is used, with this touch of Montblanc, with the approach of leather. You know, when we talk about the home office, I actually hope that a lot of people are going to use these headphones at home. It is actually an amazing product. I think it was beyond a commercial success.

From another perspective, it is very refreshing to have this new product that offers more legitimacy to our new high-tech segment, when we enter a new segment and immediately customers tell us how amazing the piece we have created is. It is not just a gadget, it is a luxury product, it is a product of internal creation and of a specific internal approach.

And in writing instruments …

Montblanc Moctezuma.

Moctezuma is a writing instrument from a very important collection “Patron of the Arts”. It is a very interesting project that we had started at least three years before launch. A very interesting design concept and methodology.

At the very beginning, the design team spends two weeks studying everything about the concept, seeking to understand which elements are important, and how we can translate the main points of the theme into an artistic design.

It is a long process, and highly technical, because you enter new developments, new materials, new techniques, which require very intensive work. Then comes the cultural part, with the opportunities to discover new things. If we do Moctezuma, then we return to Mexican culture, strong cultural and design themes.

Montblanc Patron of Art Moctezuma Limited Edition 8If we see this piece it is very impressive, I think it is more than a tribute to a fascinating culture of Latin America. I think it also has to do with how Moctezuma’s cultural achievements are brought to life. I must admit, it has been a challenge. The piece is very heavy.

The production process is very complex, but the way it was made is fantastic. It also gave us the opportunity to interact with the Mexican government, to make sure that we were respecting the culture, and that we were doing it correctly. This way we better connect with the Mexican community of collectors. I am very proud of this project.

WW: Where are you physically, now in quarantine?

NB: In Hamburg, Germany, near our headquarters, in fact, I go there 2-3 times a week to be in contact with some people who are still in the offices. Anyway, for now, you can’t travel in Germany. Otherwise, you would be quarantined when you return. So I’ve been here for the last two months.

WW: Thank you very much, for opening time in your agenda for all the printed and digital audience of Watches World, we hope to see you soon in Mexico.

NB: I hope the next time we meet will be in mid-September-October.

Special thanks: To Nicolas Baretzki from his home, together with his press team for organizing a memorable videoconference talk. A scene that marks an era and a strong step in the year 2020 in the world.

A scene that, although divided into pictures, was united in ideas and concepts, a talk that allowed the afternoon light to hit his face in Germany, like the morning light entering through the window in Mexico City, as symbols that there will always be how to meet, live, share and look forward. Thanks to him and Montblanc.

SOURCE :

Franck-Muller-CEO

Born in Switzerland on July 11th 1958, of an Italian mother and a Swiss father, Franck Muller was raised in a multicultural environment and inherited both creativity and discipline. From a very early age, he developed a growing interest for all mechanical devices.

Franck-Muller-CEO

After 4 years of remarkable studies at the Geneva School of Watch Making, it did not take long before his reputation was made: gifted with exception technical talent, auction houses and collectors from all over the world sent him their treasures for restoration.

After a few years in the field, he started creating unique timepieces under his own name. Franck Muller aimed at changing the situation (influx of quartz watches in the market) decided to devote his work to the creation of unique timepieces, wristwatches in particular, that offer the same level of technical achievement presented in pocket watches.

In 1983, after months of research and dedication, Franck Muller presented his first wristwatches. They all had a complicated movement that had been created solely by himself. He realized that there was a demand in the market for collectors in search of unique timepieces.

In order to meet that demand, every year since then, he has succeeded in unveiling a World Premiere, assembling complications that have never been created before. Franck Muller recognized very early on that the Tourbillon was an important scientific invention. It was created over 200 years ago in an attempt to achieve greater accuracy for timepieces. Franck created, for the first time ever, a Tourbillon visible from the front. Contrary to all other brands Tourbillons in which it could only be seen from the back. His revolutionary new design and subsequent Grand Complications became the cornerstone for Franck Muller being recognized as the “Master of Complications”.

Born in 1972 in Geneva (Switzerland), Julien Tornare, CEO of Zenith, is one of the youngest CEOs of the luxury watch industry. With a Bachelor’s degree in Economics from the University of Geneva (1996), completed with a Masters course in International Business at the London Metropolitan University, he began his professional career in the watch industry with Raymond Weil as Sales Manager responsible for European markets, for a period of two years.

Julien Tornare, CEO of Zenith

Subsequently, Julien Tornare spent 17 years at Vacheron Constantin, first as Director of the Swiss market, then as Director of the U.S market and finally as Managing Director for Asia-Pacific. During this same period, he also attended the Foundation for Business Leadership (Finance, Strategy, Marketing, Supply Chain) course at the IMD Business School in Lausanne (Switzerland).

Since 2017, Julien Tornare has been CEO of Zentih, a brand that he has brought back into the forefront of the watchmaking scene by rejuvenating its products, its communication as well as its image. Zenith has thus regained its role as a forerunner of groundbreaking innovation. The DEFY Inventor watch, whose ultra-flat monolithic oscillator replaces the dozens of components of a standard regulator, is a perfect example of this. Despite the brand’s history dates back to the 19th century and it belongs to the LVMH group, Julien Tornare has injected his entrepreneurial spirit into Zenith, allowing the brand to revisit its unique patrimony of innovation while shaping the future of Swiss watchmaking. The sky has no limits for the brand with the starry symbol.

Jaeger-LeCoultre or “La Grande Maison” has, just like some of its sister brands inside the Richemont Group, seen some changes at its head recently. A new CEO, Catherine Rénier (previously at Cartier and Van Cleef & Arpels), often means a new strategy. Rather discreet until now, we thought the SIHH 2019 was the right time to talk to her about what’s new for 2019, what’s to come in the coming years and what Mrs Rénier’s background in the jewellery industry could bring to a very horological manufacture. 

What is the predominant theme at Jaeger-LeCoultre this year and your overall strategy for 2019?

The theme for this year’s salon revolves around the art of precision: the precision of technical innovation, as illustrated by the New Master Grande Tradition Gyrotourbillon Westminster Perpétuel, and also the precision behind the gesture, which we can appreciate in our Métiers Rares. Clearly high watchmaking, which has always been a signature of Jaeger-LeCoultre, is part of our overall strategy and demonstrates our drive to innovate and break new ground in watchmaking.

We’ve also worked on improving the performance of the calibres of our new Master Ultra-Thin watches. A new collection of three limited editions with moon phases, perpetual calendar and tourbillon functions, all decorated with beautiful blue enamel dials made by Manufacture’s Rare Handcrafts (Métiers Rares) division, reveal a marriage of high precision pieces with hand-crafted dials.

Can you tell us more about the Gyrotourbillon and its importance in the 2019 novelties?

The new Master Grande Tradition Gyrotourbillon Westminster Perpétuel took five years in the making. As you know, we introduced the Gyrotourbillon complication in 2004. The specificity of this new model, the fifth generation is the association of three complications: the Gyrotourbillon, the perpetual calendar and the minute repeater. What we have achieved with this model is that each of these complications goes a step further in precision and performance than any of its predecessors. The Gyrotourbillon, for instance, is driven by a constant force mechanism. It delivers a constant flow of energy throughout the 52-hour power reserve of the watch. A jumping minutes hand offers greater precision. The minute repeater has Westminster chimes with four trebuchet hammers on four gongs and a complex melody composed of four notes. To avoid interruptions between the strikes, the watch features a silence-reduction function. And, for the first time at Jaeger-LeCoultre, the perpetual calendar can be set forwards or backwards.

Another achievement of the Gyrotourbillon has to do with the dimensions of the timepiece. The diameter of 43mm is similar to other Gyrotourbillons of the past, but the thickness of this piece is very impressive. If you think that there are 92 components alone in the Gyrotoubillon and more than 1,000 in the movement – all hand-finished – you can understand why the case height of 14.08mm is so impressive. This makes it exceptionally wearable and comfortable. The watch comes in a limited edition of 18 pieces with a white dial and 18 pieces with a blue guilloché enamel dial.

How does your background at Cartier and Van Cleef & Arpels influence your approach to women’s watches at Jaeger-LeCoultre?

Of course, I am quite familiar with jewellery watches but this has always been a trait of Jaeger-LeCoultre. I have not brought anything to the Maison in this regard. With the 101 creations and the 101 movement invented in 1929, jewellery watches and gem-setting have been an in-house speciality for decades. All the jewellery setting on the new Rendez-Vous is done by our artisans at the Manufacture.

How important are women’s watches at JLC?

We are a Maison of overall balance. We are balanced between men and women, between sports and elegance. Women and men’s watches have always lived side by side from day one. Since the beginning, there were always products for men and women. The Reverso has always offered models for both sexes and this will continue. The new 36mm Dazzling Rendez-Vous is prong-set with diamonds on the exterior part of the watch. This setting allows the light to reach the diamond and really shine. It’s a very wearable watch size and comes in white or pink gold, I really like the warm pink gold version.

Last year you introduced the Polaris collection? What are your plans for this collection?

To continue! It’s been a great success and has surpassed our expectations on many fronts. Following good sales figures in US and Europe and a strong interest from Asia, we’ll be doing some limited series although we plan to introduce permanent references to the collection. The Polaris will remain our elegant sports offer. What has worked fantastically well in the Polaris line is the chronograph and the metal bracelet. It’s not easy to do a nice bracelet.

Do you plan to introduce new product lines?

We have very strong pillars at Jaeger-LeCoultre. There are some things to be readjusted here and there, but I feel we have all the necessary bases and assets to move forward. The one watch I would love to talk about in the future would be the Duomètre…

E-commerce and digital are becoming more and more important at Richemont. How do you envision the future?

We’ve always been a precursor in e-commerce and have had e-commerce distribution in China for quite a few years. We’re introducing additional services on the website like the strap configurator…everything that can assist the client for a better journey in his purchase. This will definitely continue with the new acquisitions in the group. An important development is to build this customer journey in terms of direct services to the client. We want to be sure we can educate a client on how to take care of his watch, how to set and manage complications and will proactively communicate with our clients sending reminders for checkups on their watch, so the client feels that the brand is by his or her side…

More at www.jaeger-lecoultre.com.

Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group.

Born to an industrial family in Roubaix, France on March 5, 1949, Mr. Arnault attended the Roubaix lycée and the Faidherbe lycée in Lille. He then went on to study at the Ecole Polytechnique.

He began his professional career that year as an engineer with the Ferret-Savinel construction company and successively was promoted to various executive management positions before becoming Chairman in 1978.

Bernard Arnault

CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Mr. Arnault remained there until 1984, when he undertook the reorganization of the Financière Agache holding company. He returned the group to profitability as he embarked upon a strategy of developing the world’s leading luxury products company. In the process, he reinvigorated Christian Dior as the cornerstone of the new organization.

In 1989, Mr. Arnault became the majority shareholder of LVMH Moët Hennessy – Louis Vuitton, creating the world’s leading luxury products group. Mr. Arnault has been Chairman and CEO of the company since that date.

Mr. Arnault is also President of the Board of Directors of Groupe Arnault S.E. (his family holding company).

Mr. Arnault is married and has five children.

Georges Kern, CEO de Breitling

Kern was most recently Head of Watchmaking, Marketing and Digital Presence at Richemont. Between 2002 and 2016, he was CEO of IWC, repositioning the brand to become one of the most successful Swiss watchmaking houses. He began his career in the consumer goods industry at Kraft General Foods; His foray into the watch industry was in 1992 when he joined TAG Heuer, where he worked until 2000. That same year he joined Richemont to become CEO of IWC Schaffhausen in 2002, a position he held until 2016. Before being appointed Breitling’s new CEO, Georges Kern served as Head of Watchmaking, Marketing and Digital Presence at Richemont.

Théodore Schneider, who sold a majority stake to CVC Capital Partners and moved into the presidency of Breitling, commented: “We at Breitling are very pleased to welcome Georges Kern. His extensive experience and knowledge of the luxury watch industry coupled with their creativity, they will further accelerate Breitling’s current growth momentum. ” Jean-Paul Girardin will remain with Breitling as Vice President.

Georges Kern is originally from Düsseldorf, Germany. He studied Political Science and Business Administration in Strasbourg and St. Gallen, respectively.