New Models and Trends in Fine Watchmaking for 2013
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Press Release
Press release Zurich/Geneva, 17 April 2019 Global Powers of Luxury Goods: Swiss luxury companies are taking the digital path to accelerate growth • The sales of the world’s Top 100 luxury goods companies grew by 11% and generated aggregated revenues of USD 247 billion in fiscal year 2017 • Richemont, Swatch Group and Rolex remain in the top league of Deloitte’s Global Powers of Luxury Goods ranking • All Swiss companies in the Top 100 returned to growth in FY2017, but with only 8% increase, they lagged behind the whole market for the third time in a row • Luxury goods companies are making significant investments in digital marketing and the use of social media to engage their customers Despite the recent slowdown of economic growth in major markets including China, the Eurozone and the US, the luxury goods market looks positive. In FY2017, the world’s Top 100 luxury goods companies generated aggregated revenues of USD 247 billion, representing composite sales growth of 10.8%, according to Deloitte’s 2019 edition of Global Powers of Luxury Goods. For comparison, in FY2016 sales were USD 217 billion and annual sales growth was as low as 1.0%. Three-fourth of the companies (76%) reported growth in their luxury sales in FY2017, with nearly half of these recording double-digit year-on-year growth. Switzerland and Hong Kong prevail in the luxury watches sector Looking at product sectors, clothing and footwear dominated again in FY2017, with a total of 38 companies. The multiple luxury goods sector represented the largest sales share (30.8%), narrowly followed by jewellery and watches (29.6%). -
Chrono Times NAWCC Chapter 190 Newsletter
Chrono Times NAWCC Chapter 190 Newsletter Ventura and Santa Barbara Counties INSIDE THIS ISSUE November/December 2015 President’s Message 1, 5 Tales From The Bench PRESIDENT’S MESSAGE Ferdinand Geitner 2-4 By George Gaglini Meeting Location 2 This Month’s t has been my pleasure to serve as President of Chapter 190 for 2014 Mini Workshop 3 I and 2015. In these years I have seen our chapter continue to grow in Chapter Meeting membership (176 members as of last count) and vigorously pursue its Calendar 3 mission to preserve and encourage interest in and appreciation of the art The Santa Barbara Tower Clock—Breakdown and and science of timekeeping, timepieces and all things horological. Repair Ernie Jensen 6-10 In past mini-workshops and monthly meeting programs, Chapter 190’s Biography: enthusiasts learned how to anneal metal without using flame, and the best Mark Harmeling 11 way to pack precious and delicate clocks for safe shipment by commercial Introduction to Clock carriers. In a recent 2015 meeting program, members and guests discov- Collecting Repair and Maintenance ered the secrets behind “mystery clocks.” In yet another, we marveled at a David Perez 12 –14 series of ingenious homemade tools that help in clock repair and restora- Highlights of September’s tion. Every monthly meeting is packed with information and designed to Meeting 15 raise interest and provide answers to questions attendees may have in the Educational Workshops 16 ever-expanding world of horological knowledge. (Continued on page 5) Chapter Officers 17 Classifieds 18 TALES FROM THE BENCH By Ferdinand Geitner The Weakest Link beautiful triple fusee A English Bracket Clock, chiming on 8 bells came by my shop recently with what the customer thought was a broken spring. -
Jean-Claude Biver LVMH Group, President of the Watches Division TAG Heuer, CEO Hublot, Chairman of the Board Jean-Claude Biver I
Jean-Claude Biver LVMH Group, President of the Watches Division TAG Heuer, CEO Hublot, Chairman of the board Jean-Claude Biver is one of those rare men who have genuinely left their mark on Swiss watchmaking. Born in Luxembourg on September 20th 1949, his family moved to Switzerland when he was ten years old. He attended the Collège de Morges, obtained his maturité at the Lausanne Business School and completed his studies at the University of Lausanne. Having obtained his HEC (University of Lausanne Business School) diploma, he settled in Le Brassus. His time spent in the Joux Valley, the cradle of fine watchmaking, had a decisive impact on his life. He took up residence next to a farm, which in later years became the headquarters of Blancpain. He seized the unique opportunity of a year's "all-rounder" training offered to him by Audemars Piguet in 1975, after which he concentrated on sales and marketing. During that year, he was immersed in all aspects of the business, which enabled him to acquire a deep knowledge of the watchmaking art. This is how he developed his passion for watchmaking and watchmakers. In 1980, he left Audemars Piguet to join Omega as gold products manager. In this position, he learnt the rules and constraints inherent in working for a big international brand. In 1982, feeling nostalgic for the watchmaking culture of the Joux Valley, he and his friend Jacques Piguet bought the Blancpain name which had been dormant since 1961. Using the slogan "Since 1735 there has never been a quartz Blancpain, and there never will be", he quickly revived the company and increased the turnover to 50 million Swiss francs. -
Material Progressions: Richard Mille
Spotlight | 53 Material Progressions 5 Last year, QP writer Nick Foulkes used the term ‘garage brand’ to describe Richard Mille’s watches, and he wasn’t far off. He was using the term to describe the ‘upstart’ whose hi-tech creations have been on the market for just five years, yet have managed to attract attention and admiration from the public and industry insiders – admittedly with the help of Audemars Piguet’s justly famous Renaud & Papi studio. But this was just the start, as Theodore Diehl, Richard Mille’s Head of Communications and chief enthusiast tells QP. The transition to real brand status will be truly crystallised by 2006’s panoramic collection. Theodore Diehl One of the most noticeable features of Richard Mille’s RM005 FM’s colours are meant as a celebration of Felipe 2006 collection is the use of colour. This is surprising for Massa’s racing period at BMW Sauber and his new start anyone familiar with the Frenchman’s oeuvre, which with the Ferrari racing team in 2006. has – with the possible exception of last year’s RM007 haute joaillerie ladies’ model – thus far banked on the However, unlike the ultra-light RM009 FM, which was unmistakeable aesthetic of hi-tech, brushed-metal utility. brought out in 25 pieces, the RM005 FM will be created For the first time, colour makes an appearance in two in 300 pieces with micro-blasted titanium cases and 40 special editions of the automatic RM005. This model, pieces in platinum. The colours used in the platinum characterised by a variable-geometry rotor, carries the version are taken from his former team – blue/yellow ‘FM’ postscript first assigned to last year’s RM009 with a touch of green – and the titanium version takes its tourbillon, designed in honour of F1 driver and brand fan cue from the Brazilian flag of his homeland, with green The RM005 FM in platinum, named after Brazilian F1 driver Felipe Massa, whose initials first graced last year’s ultra-light RM009. -
The Deloitte Swiss Watch Industry Study 2020 an Accelerated Transformation the Deloitte Swiss Watch Industry Study 2020 | an Accelerated Transformation
The Deloitte Swiss Watch Industry Study 2020 An accelerated transformation The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation About the study This report is the seventh edition of the Deloitte study on the Swiss watch industry. It is based on an online survey and interviews conducted between mid-August and mid-September 2020 with 55 senior executives in the watch industry. The study is also based on an online survey of 5,800 consumers in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. The year 2020 marks 175 years of Deloitte making an impact that matters. Today Deloitte is a thriving global organisation, which has grown to more than 300,000 people proudly carrying forth a legacy of connection and collaboration. We’re not trusted because we’ve existed for 175 years. We’ve existed for 175 years because we’re trustworthy. That’s our legacy. That’s our future. 02 The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation Contents 1. Key findings 04 2. Industry overview 05 2.1 COVID-19: Unexpected and unprecedented 05 2.2 Quartz watches: Continuing drop in exports and sales 07 2.3 China: Key for recovery and growth 09 3. Looking ahead 11 3.1 Beyond the pandemic 11 3.2 The Far East and high-end are vital for growth 12 4. Challenges remain 13 4.1 External risks: Protests and politics 13 4.2 Smartwatches: Industry missed the boat 14 5. Business strategies 18 5.1 Digitalising for a ’consumer first’ world 18 5.2 The pre-owned market heats up 23 5.3 Sustainability: The future is green 25 6. -
Collectable POCKET Watches 1750-1920
cOLLECTABLE POCKET watches 1750-1920 Ian Beilby Clocks Magazine Beginner’s Guide Series No 5 cOLLECTABLE POCKET watches 1750-1920 Ian Beilby Clocks Magazine Beginner’s Guide Series No 5 Published by Splat Publishing Ltd. 141b Lower Granton Road Edinburgh EH5 1EX United Kingdom www.clocksmagazine.com © 2017 Ian Beilby World copyright reserved ISBN: 978-0-9562732-4-6 The right of Ian Beilby to be identified as author of this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher. 2 4 6 8 10 9 7 5 3 1 Printed by CBF Cheltenham Business Forms Ltd, 67 Hatherley Road, Cheltenham GL51 6EG CONTENTS Introduction 7 Chapter 1. The eighteenth century verge watch 13 Chapter 2. The nineteenth century verge watch 22 Chapter 3. The English cylinder and rack lever watch 36 Chapter 4. The English lever watch 42 Chapter 5. The Swiss lever watch 54 Chapter 6. The American lever watch 62 Chapter 7. The Swiss cylinder ladies’ fob watch 72 Chapter 8. Advice on collecting and maintenance 77 Appendix 1. Glossary 82 Appendix 2. Further reading 86 CLOCKS MAGAZINE BEGINNER’S GUIDE SERIES No. 1. Clock Repair, A Beginner’s Guide No. 2. Beginner’s Guide to Pocket Watches No. 3. American Clocks, An Introduction No. 4. What’s it Worth, Price Guide to Clocks 2014 No. -
Richard Mille Named Official Time Richard Mille Named
Richard Mille named official timetime----keepingkeeping partner for Yas Marina Circuit and Yas Racing School Abu Dhabi ––– Yas Marina Circuit has named Richard Mille as its official time-keeping partner over the next three years. To celebrate the new association, Richard Mille has launched a limited-edition watch, the RM 011 Felipe Massa Flyback Chronograph Yas Marina Circuit unveiled at the circuit on Thursday 24 of March. The RM 011 has been first developed by Richard Mille in collaboration with Formula 1 driver Felipe Massa. It features a flyback chronograph, an annular calendar function, 60-minute countdown timer, oversized date 12- hour totalizer and a case design combining a titanium central case band with a white gold bezel and bottom case. For this special occasion, RM 011 Yas Marina Circuit has been now presented in an exclusive Yas Marina- coloured livery with a bright blue inner bezel and a white rubber strap. Only ten of the 18k white gold watches will be produced and they are available exclusively through Yas Marina Circuit. Richard Cregan, Chief Executive Officer of Yas Marina Circuit, commented: “This partnership with Richard Mille recognizes the brand ’s reputation for innovative technology and cutting-edge design. Accurate time-keeping is at the heart of motorsport and Yas Marina Circuit is globally renowned for the way design has defined our unique appearance, so the two companies are well matched. We look forward to a successful partnership over the next years.” Peter Harrison, CEO of Richard Mille EMEA said, ‟Richard Mille gained recognition by creating watches with a strong identity; he pioneered and revolutionized high-end watchmaking by applying concepts and materials from the world of motorsport and aerospace. -
Press Release 05.06.2021
PRESS RELEASE 05.06.2021 REPURCHASE OF OWN SHARES FOR ALLOCATION TO FREE SHARE GRANT PROGRAMS FOR THE BENEFIT OF EMPLOYEES Within the scope of its share repurchase program authorized by the April 22, 2021 shareholders' meeting (14th resolution), Kering has entrusted an investment service provider to acquire up to 200,000 ordinary Kering shares, representing close to 0.2% of its share capital as at April 15, 2021, no later than June 25, 2021 and subject to market conditions. These shares will be allocated to free share grant programs to some employees. The unit purchase price may not exceed the maximum set by the April 22, 2021 shareholders' meeting. As part of the previous repurchase announced on February 22, 2021 (with a deadline of April 16, 2021), Kering bought back 142,723 of its own shares. About Kering A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2020, Kering had over 38,000 employees and revenue of €13.1 billion. Contacts Press Emilie Gargatte +33 (0)1 45 64 61 20 [email protected] Marie de Montreynaud +33 (0)1 45 64 62 53 [email protected] Analysts/investors Claire Roblet +33 (0)1 45 64 61 49 [email protected] Laura Levy +33 (0)1 45 64 60 45 [email protected] www.kering.com Twitter: @KeringGroup LinkedIn: Kering Instagram: @kering_official YouTube: KeringGroup Press release 05.06.2021 1/1 . -
View Annual Report
2016 ANNUAL REPORT CONTENT MESSAGES FROM THE SUPERVISORY BOARD AND THE MANAGEMENT BOARD 02 1 4 Profile of the Group and its Businesses | Financial Report | Statutory Auditors’ Report Financial Communication, Tax Policy on the Consolidated Financial Statements | and Regulatory Environment | Risk Factors 05 Consolidated Financial Statements | 1. Profi le of the Group and its Businesses 07 Statutory Auditors’ Report on 2. Financial Communication, Tax policy and Regulatory Environment 43 the Financial Statements | Statutory 3. Risk Factors 47 Financial Statements 183 Selected key consolidated fi nancial data 184 I - 2016 Financial Report 185 II - Appendix to the Financial Report: Unaudited supplementary fi nancial data 208 2 III - Consolidated Financial Statements for the year ended December 31, 2016 210 Societal, Social and IV - 2016 Statutory Financial Statements 300 Environmental Information 51 1. Corporate Social Responsibility (CSR) Policy 52 2. Key Messages 58 3. Societal, Social and Environmental Indicators 64 4. Verifi cation of Non-Financial Data 101 5 Recent Events | Forecasts | Statutory Auditors’ Report on EBITA forecasts 343 1. Recent Events 344 2. Forecasts 344 3 3. Statutory Auditors’ Report on EBITA forecasts 345 Information about the Company | Corporate Governance | Reports 107 1. General Information about the Company 108 2. Additional Information about the Company 109 3. Corporate Governance 125 6 4. Report by the Chairman of Vivendi’s Supervisory Board Responsibility for Auditing the Financial Statements 347 on Corporate Governance, Internal Audits and Risk 1. Responsibility for Auditing the Financial Statements 348 Management – Fiscal year 2016 172 5. Statutory Auditors’ Report, Prepared in Accordance with Article L.225-235 of the French Commercial Code, on the Report Prepared by the Chairman of the Supervisory Board of Vivendi SA 181 ANNUAL REPORT 2016 ANNUAL REPORT 2016 The Annual Report in English is a translation of the French “Document de référence” provided for information purposes. -
WPHH 2019 Ushers in a New Era for Franck Muller
MEDIA NEWS 3 / 3 January 24th 2019 | Press Release For immediate distribution MEDIA CONTACT Groupe Franck Muller Watchland SA Marketing & Communication Department Marion Ferry 48-50 Route de Malagny 1294 Genthod - Switzerland Tél: + 41 22 959 88 88 Mail: [email protected] FRANCK MULLER Founded in 1992 by the talented watchmaker Franck Muller, in partnership with the fine watchmaking specialist Vartan Sirmakes, Franck Muller has become, in less than 30 years, an authentic benchmark in the field of luxury watchmaking, thanks to its exceptional expertise and its innovative design. The WPHH 2019 ushers in a new era for Franck Muller. brand has filed 50 patents to date and currently runs 48 exclusive boutiques Genthod, January 24th 2019 – An acknowledged Master in the art of Grandes around the world, along with 7 production Complications, Franck Muller welcomed more than 2,500 guests to its Geneva sites in Switzerland. estate, at the heart of the Watchland site, for the 29th edition of the WPHH. This eagerly expected week provided the brand with an opportunity to present facebook-f @FranckMullerWatches its two new buildings serving to accommodate all its watchmaking artisans in a twitter @FranckMuller single location, as well as unveiling its new timepieces, including the innovative instagram franckmuller_geneve youtube FMwatchland and atypical Remember collection. link franckmuller.com In the heart of Genthod, the unique Watchland site overlooking Lake Geneva and Mont-Blanc welcomed more than 2,500 guests for the 29th WPHH (World Presentation of Haute Horlogerie), from January 14th to 18th. The watchmaking elite met there to discover the two freshly completed buildings on the very spot where Franck Muller been established for nearly 30 years. -
The Mih Watch
1ST PUBLISHED IN REVOLUTION PRESS PTE LTD ALL RIGHTS RESERVED BY REVOLUTION PRESS THE ULTIMATE the STEALTH WATCH MIH WATCH ultimate boys toyz The world’s most affordable annual calendar is designed by Ludwig Oechslin, one of the greatest minds in modern watchmaking. FLOUTING THE RULES THE MIH WATCH THIS ANNUAL CALENDAR WITH MONOPUSHER CHRONOGRAPH FUNCTIONS WAS CREATED BY THREE TRUE MASTERS OF INTRIGUE: LUDWIG OECHSLIN, PAUL GERBER AND CHRISTIAN GAFNER. STRIP AD 1ST PUBLISHED IN REVOLUTION PRESS PTE LTD ALL RIGHTS RESERVED BY REVOLUTION PRESS 165 IS IT AN ACT OF SUBVERSION, a revolutionary statement or just one incredibly cool watch? To some extent the MIH annual calendar chronograph is best described as all three. For starters, the MIH watch is in a 44mm-diameter titanium To keep the dial clean, the monopusher case that exudes a real Bauhaus-inspired design austerity chronograph’s minute counter has been transplanted to the watch back by Paul Gerber. thanks to industrial designer Christian Gafner, who’s also done projects for Swiss Army sunglasses. In terms of complication, the watch is an annual calendar, meaning it will automatically compensate for the alternating 30 and 31 day-cycle of the months. You will only have to change the date once per year at the end of February. Here is where it gets interesting... the calendar mechanism that drives this mighty complication is comprised of only NINE pieces. Moreover, the information for this mechanism has been placed in the public domain — it has not been copyrighted or patented. At a mere five thousand Swiss francs, this watch is also most likely the world’s most affordable annual calendar and is currently sold only in two places: the Embassy (the famous Swiss retailer) and the Musee International d’Horlogerie (MIH). -
Hublot and the Great Eight
HUBLOT AND THE GREAT EIGHT Hublot announces the limited edition Hublot Big Bang Unico Red Carbon Alex Ovechkin, made to honour the Russian ice hockey superstar, the greatest ice hockey player of his generation To stay up-to-date, follow: @Hublot #Hublot Big Bang Unico Red Carbon Alex Ovechkin Hublot and Hublot Friend of the Brand Alexander Ovechkin have teamed up to create the Hublot Big Bang Unico Red Carbon Alex Ovechkin, a limited edition watch made in honour of ‘The Great Eight’, as the Russian ice hockey superstar is affectionately known. The new watch has a lightweight carbon fibre case fused with bright red inserts and comes on a red velcro strap. The red accents consist of micro-glass fibres in the form of “Non Woven Fabric” (NWF), which is used to strengthen the composite material from which the case is made. During the preparation of the composite, this NWF and carbon fibre are fused with a resin-tinted adhesive. This high-tech, high-performance material combination was chosen to reflect both Alexander’s hockey equipment and his own extraordinary resilience and longevity. Now 35, “Ovi”, as he is called by his fans, was drafted in 2004. There are no two ways about it; Ovi is one of the greatest ice hockey players of all time. On February 22, 2020, in a game against the New Jersey Devils in Newark, NJ, the captain of the HUBLOT: www.hublot.com Email: [email protected] & [email protected] Presslounge platform: presslounge.hublot.com/connection/ Washington Capitals ice hockey team, Alexander Ovechkin, scored his 700th career goal.