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AMERICA'S NO. 1 WATCH MAGAZINE Family Values: Patek Philippe’s Thierry and Philippe SternAugust 8, 2012 By Leave a Comment  Geneva’s Stern family has owned and operated Patek Philippe for 76 years. When it comes to making watches, they say, family matters. Click here to read WatchTime editor-in-chief Joe Thompson's up-close-and-personal profile of Philippe and Thierry Stern from our December 2008 issue. … [Read more...] 2011: The Year in Review Quiz, Part 1December 5, 2011 By Leave a Comment It's December, and you know what that means. It's time to look back. Have you been paying attention for the past 12 months? You knew there would be a quiz, right? Say goodbye to 2011 with this little test the focuses on some of the most (and least) important stories of the year. As always, the answers appear at the end. Good luck! … [Read more...] Marc Michel-Amadry Appointed Managing Director of Sotheby’s SwitzerlandSeptember 13, 2011 By 1 Comment Marc Michel-Amadry has been named as managing director of Sotheby’s Switzerland. Mr Michel-Amadry will divide his time between Sotheby’s Zurich and Geneva. Sotheby's said the re-establishment of a pan-Swiss management structure reflects the growing importance of the company's business in Switzerland and will enhance its ability to provide client services. … [Read more...] Michele Sofisti Appointed CEO of Sowind GroupAugust 18, 2011 By Leave a Comment PPR announced in Paris today the appointment of Michele Sofisti as CEO of Sowind Group, effective immediately. He will be seconded by Stefano Macaluso, Managing Director for Girard-Perregaux, and Massimo Macaluso, Managing Director for JeanRichard and the Manufacture, who remain in their current positions. Sofisti will also continue to serve as Chief Executive Officer Gucci Group Watches and … [Read more...] EU Probes Watch Manufacturers Over Parts Supply PoliciesAugust 10, 2011 By 1 Comment European Union (EU) antitrust regulators have announced that they will investigate claims that luxury watch manufacturers are refusing to supply spare parts to independent watchmakers and repairers, a breach of EU competition rules. The European Commission did not identify the companies involved in the probe, however Swatch Group has confirmed that it is one of the targets. … [Read more...] LVMH Reports Strong First Half ResultsJuly 30, 2011 By Leave a Comment LVMH Moët Hennessy Louis Vuitton recorded revenue of €10.3 billion in the first half of 2011, an increase of 13%. Profit for the first half rose to €2.223 million, an increase of 22% compared to the same period in 2010, which had itself shown strong growth. Organic revenue for watches and jewelry grew by 27% and profit from recurring operations increased by 73%. The Group saw sustained growth … [Read more...] TAG Heuer’s First U.S. Boutique: The Store, and the Story Behind ItJune 12, 2011 By 5 Comments TAG Heuer formally opened its first-ever USA boutique with a ribbon-cutting ceremony at Crystals at CityCenter in Las Vegas on June 2. Attendees included TAG Heuer worldwide CEO Jean-Christophe Babin and Philippe Pascal, president of the LVMH Watch & Jewelry Group. WatchTime spoke with both. We look at the store, and the strategy behind it. … [Read more...] LVMH Acquires Majority Stake in BulgariMarch 7, 2011 By 1 Comment In a deal that was finalized last night, France's LVMH will acquire the Bulgari family’s majority shareholding in Bulgari S.p.A. LVMH will issue 16.5 million shares in exchange for the 152.5 million Bulgari shares currently held by the Bulgari family, making them the second largest family shareholder of the LVMH Group. The deal is valued at €3.7 billion, or about $5.19 billion. … [Read more...] 2010: The Year In Review Quiz, Part IIJanuary 2, 2011 By Leave a Comment Once again we look at the biggest and smallest stories of the year. Were you paying attention? As always, the answers appear at the end. Good luck! … [Read more...] LVMH Acquires Stake in HermèsOctober 26, 2010 By 1 Comment LVMH, owner of TAG Heuer, Hublot and Zenith, has acquired 17.1% of French fashion house Hermès for approximately $2 billion. Founded in 1837, Hermès is perhaps best known for scarves, ties and handbags, though the company also produces a range of fashion watches, as well as fine watches in its Pièces d'exception line. … [Read more...] LVMH Watch and Jewelry Sales Jump 29%October 18, 2010 By Leave a Comment Revenue for the Watches and Jewelry division of LVMH, the world’s largest luxury group, climbed to €687 million for the first nine months of 2010, an increase of 29% over the same period last year. Overall LVMH achieved revenue of €14.2 billion for the period, up 19% over 2009. The company noted that momentum continued to be very strong in Asia, Europe and America. … [Read more...] Rolex Romps 7 Million Chronometers in a DecadeOctober 11, 2010 By 1 Comment Watch enthusiasts know that when it comes to producing Swiss chronometers, there are the Big Three Brands – Rolex, Omega and Breitling – and then there’s all the rest. Just how big the Big Three are in chronometer production becomes startlingly clear when you analyze Swiss chronometer output by brand over the past decade. … [Read more...] Louis Vuitton Tambour Spin Time GMTJune 16, 2010 By Leave a Comment What is Spin Time? Does it determine whose top wins? Is it from particle physics? Perhaps in some neighborhoods, but not here. Spin Time is an innovate new collection from Louis Vuitton featuring watches with no hour hands. Instead, each of the 12 hour positions is occupied by a rotating cube. At any given hour, eleven of the cubes show a blank face (actually they display a subtle letter "V") … [Read more...] The Good, the Bad, and the Ugly: Watch Company Financial Results for 2009April 11, 2010 By Leave a Comment For the most part, the Great Recession of 2009 pretty much mugged corporate sales and profits. In the watch sector, for example, the Bulgari and Movado groups reported red ink for the year. But there were exceptions to the battered sales and profits syndrome. Fossil, for one, had its most profitable year ever. Here’s a survey of the full-year results of publicly traded firms who are watch … [Read more...] Hublot Manufacture Officially InauguratedNovember 6, 2009 By Leave a Comment Yesterday Hublot officially inaugurated is new manufacture and offices. Hublot CEO Jean-Claude Biver welcomed LVMH Group Chairman and CEO Bernard Arnault and Philippe Pascal, President of the LVMH Timepieces and Jewellery division. Various celebrities, friends of the brand, partners, as well as representatives from local authorities and the press attended the celebration. … [Read more...] Executive SweepOctober 12, 2009 By Leave a Comment September was a tough month for watch executives, and not just because of the continuing slump in sales. A small army of top executives – three worldwide CEOs, and five U.S. ones – resigned or were fired. … [Read more...] WATCHTIME BLOG Kobold Offers Made-in-Nepal Soarway Transglobe WatchOn its newly launched website, koboldwatch.com, Pittsburgh-based Kobold Watch Co. is offering the new Soarway Transglobe to existing Kobold clients for only $2,650 (offer expires … [Read More...] WATCHTIME MAGAZINECONNECT WITH WATCHTIME
WATCH TO WATCH Patek Philippe Ref. 5200 Gondolo 8 Days, Day & Date IndicationAmong Patek Philippe's new product releases at Baselworld 2013 was a timepiece aimed squarely at aficionados of classical, hand-wound watches: the Ref. 5200 Gondolo 8 Days, Day and Date Indication, which features the Gondolo … [Read More...] More Watches To WatchFACETIME PHOTOS Facetime June 15Welcome to another installment of Facetime! Thanks to Matthew Marcus, Jason Stanford, and Hamed Abbas for the great pictures! As … [Read More...] WATCH WALLPAPER Watch Wallpaper: A. Lange & Söhne Watches in Basic BlackLike many luxury watch brands, Germany's A. Lange & Söhne has embraced the all-black color scheme as a sleek, elegant look for several of its timepieces. Click here to find downloadable wallpaper … [Read More...] WATCHTIME MAGAZINECONNECT WITH WATCHTIME
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