Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Grade 1 Replica Watches


Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

Today, we received the news that the CEOs of Jaeger-LeCoultre, Vacheron Constantin, Piaget, and fashion brand Alfred Dunhill (who used to make watches but, I believe, do not anymore) are leaving their respective brands in spring of this year. Philippe Leopold-Metzger of Piaget and Juan-Carlos Torres of Vacheron are retiring while Daniel Riedo of Jaeger-LeCoultre and Fabrizio Cardinali of Alfred Dunhill have “decided to leave” their positions.

Back in November 2016, the Richemont Group began the process of untangling and simplifying a bloated corporate structure by dissolving their CEO & CFO positions at Richemont HQ and appointed IWC CEO Georges Kern as head of watchmaking, marketing, and digital for all the Richemont brands and appointed Montblanc CEO Jerome Lambert as head of operations. The shakeup also came with a warning from Richemont Executive Chairman and controlling shareholder Johann Rupert that “Underperforming brands need to be fixed or sold.”

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

Chabi Nouri – new CEO of Piaget

Though Richemont had an inarguably bleak 2016, they ended the year with revenues up 6% from the end of 2015 due to a spike in jewelry sales. At SIHH 2017, we saw a significant focus on ladies’ watches and pieces that serve a dual function as jewelry and timepiece, as well as an ever-stronger focus on vintage re-releases amidst brands discontinuing many of their more modern collections. In fact, Cartier’s reintroduction of the Panthere de Cartier is billed as “Jewelry first, timepiece second.”

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

The reception of the new and important (for Piaget) Polo S has been mixed at best…

Going back to November, Johann Rupert said “I want to see less grey men, less grey Frenchmen, as a subcategory,” adding “We have too few women. We don’t have enough diversity.” Keeping this in mind, we see Piaget Theorie Der Kognitiven Entwicklung Replica is to be headed by Chabi Nouri who is their current Marketing Director (her corporate bio states her focus has been on jewelry and the brand’s heritage) and formerly worked as Cartier International Jewelry Group Manager. Her rise to the role of Piaget CEO is likely to send a signal to the markets that, along with the increased focus on ladies’ pieces like the Panthere de Cartier, the “too few women” concern is being addressed as well as the intention to seize on global jewelry sales at Richemont.

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

…we were surprised to see Vacheron call this the 1860 and yet use what appears to be a simplified movement from Greubel Forsey…

Vacheron Constantin will gain Louis Ferla as CEO, who is also the current Marketing Director at the brand, placing another younger marketing expert at the top rather than some other long-serving watch brand CEO who is likely steeped in the Swiss culture and out of touch with the needs of the brand as it comes to delivering the products buyers want. Previous to being at Vacheron Constantin, Ferla worked as Managing Director, Cartier Middle East and India and then as CEO of Cartier China. Considering Vacheron’s popularity in China, Richemont is probably hoping Ferla’s experience and time spent in the region will recalibrate and strengthen the brand’s position.

The brand new Piaget’s 6 Stages Of Cognitive Development Replica Polo S and Polo S Chronograph watches are significant for the brand since, initially, their designs are more attractive to younger audiences, and second, they’re considerably more affordable than Piaget’s more average ultra-thin and dressy watches. Therefore it is with these ideas in mind now I check out the newest Piaget Polo S Chronograph watch as well as the Polo S Chronograph in black ADLC using a rubber band, the non-chronograph variant of which we additionally covered.Before I discuss the Polo S Chronograph watch, it’s well worth doing a quick recap of this newest Piaget Polo S watches. But I think that is largely because most individuals are unaware of Piaget’s earlier Polo watch from the late ’70s. If you’re familiar with the classic Polo, you will immediately see that the new Polo S watches have more in common with the vintage Polo compared to Patek Philippe’s Nautilus and Aquanaut.That stated, I won’t deny that there are similarities between the Polo S and the two similar-looking Patek Philippe game watches, but, in the flesh, the Polo S includes a far more distinctive layout than what press photos would imply. Either way, both these models present a comparatively value-priced offering that is a notch above choices from Omega and Rolex and are aggressive with pieces such as the Nautilus, Overseas, Royal Oak, etc.The Piaget Polo S Pen comes at a 42mm stainless steel case and also measures 11.4mm thick. These are pretty typical dimensions for a contemporary luxury sports chronograph.

Richemont Continues Restructure With CEO Shakeups At Jaeger-LeCoultre, Vacheron Constantin, Piaget, & Alfred Dunhill Watch Industry News

…and as successful these vintage inspired pieces from JLC may have been lately, we’d love to see more new (as in: modern) mid-range collections from the brand.

Naturally, the 900P movement proved to be a huge deal when it was released four years ago, as was the more recent 910P whose 4.3mm profile dethroned Bulgari’s Octo Finissimo Ultra-Thin Automatique since the planet’s weakest automatic watch. However, two millimeters? It’s also a sly nod to Piaget’s groundbreaking ultra-thin 9P hand-wound movement from 1957, which was also a record-setting two millimeters thick. But that was just for its movement, and the dimensions we’re referring to for the supreme Concept are for the watch thickness in its entirety — case and crystal.To get there, the Piaget engineers used a series of unconventional design options, starting with the supreme Concept’s 41mm case, which also functions as the base for the movement itself. This means the caseback of this watch is in fact, the movement’s own baseplate — PVD-coated to optimize contrast in a aesthetically pleasing kind of way. By doing this, the entire gear train can lay on the same razor-thin plane, to further save height. There are also three other major departures from traditional watch design, which are key to the supreme Concept’s record-breaking silhouette, starting with the regulating organ which has been radically re-designed to remove the balance wheel bridge. You’ll also notice the mainspring barrel in 6:00 has been stripped of its cover and drum, and the watch’s crown stem has been re-imagined as a more compact pinion system driven by a worm screw, which is able to wind and control the watch’s functions on the exact same airplane as their rotation axis, rather than being stacked or superimposed in a traditional gear train.

Jaeger-LeCoultre hasn’t announced a new CEO and it looks like Georges Kern is going to serve as interim CEO for the time being. As for Alfred Dunhill, Andrew Maag, who is head of Europe, Middle East, India and Africa at Burberry Group will be taking the CEO role.

Personally, I hope the Richemont Group is able to be flexible enough to capitalize on their various brands’ strengths in the current market while also addressing the needs of the watch-enthusiast community that have been patrons for years. Or maybe boutiques will become jewelry stores with a small watch section in the back, like the men’s section at a luxury department store. richemont.com

This particular blue version had a pair of lapis lazuli bits that were a bit more fascinating to me than the rock usually proves to be. With these few bigger, more concentrated yellow areas by the tourbillon and the varying depths of blue anyplace else this specific dial resembled a map for me, with little islands along with the currents of the seas on display. For this reason I really enjoyed this quite piece but in addition, it made me realize how when commissioning one of these from Piaget, you’re likely going to want to have the ability to pick from the dials available — the colors and patterns may fluctuate and what could be a miss in the eyes of one can prove to be a hit in the eyes of another.Now, looking at these images I recognize that these watches look considerably more womanly in images than they did live, especially if there is a focus on the straps and buckles rather than on the watch itself out of a more frontal view. But at 41mm wide rather than ultra-thin, these watches have ample volume and existence to leave them sufficiently manly when worn out in the wild. I wonder how they’d look on a gray or even a brown strap. They’d probably appear less “seasonal” and hence that a whole lot more masculine.Utterly inundated with the vintage nonsense recently, this watch is as refreshing as it is easily timeless. This watch, given its size and aesthetic balance will stay relevant and wearable much longer — technically infinitely — than those unimaginative recreations. I applaud Piaget X Vygotsky Resumo Replica for creatively pairing one of the movements and instances with the commissioning of a professional craftsman. The outcome is the sort of synergy that requires more creativity and intellect than all anniversary along with homage and jubilee releases of SIHH 2018 combined.

addwatch Author