Results for Richemont

Jérôme Lambert Named CEO of Richemont Group

Jérôme Lambert Appointed COO of Richemont, as the Group Posts Upward Sales Performance

Is The Piaget Polo Signature Date Exactly What The Brand Needed? (Hands-On)

Piaget’s released a new iteration of their Polo Signature Date, but does it truly embody the brand’s modern creative vision? Let’s find out! What We Love: Shapely, wearable case More distinct dial & identity The rubber strap – still comfortable! What We Don’t: Crown feels slightly small Dead zone when changing times Is it finally recognisable? Overall Rating: 9.25/10 Value for Money: 9/10 Wearability: 9.5/10 Design: 10/10 Build Quality: 8.5/10 For as much as I love watches for their design, technology, or daring in either field, recognition must be recognised as one of the most important elements of a watch brand’s arsenal. When a watch brand goes ‘mainstream’ within the enthusiast community, it brings with it a significant amount of power within the watch world. But it’s usually easier said than done; scant few brands have managed to capture the attention of both hardcore enthusiasts and luxury lovers at the same time. Piaget is a brand that has perennially clung to the fringes of that audience. In the past, they hadn’t been able to tap into the enthusiast crowd with the same level of magnitude as some of their peers in Richemont. While one can easily point the finger towards characteristics like ultra-luxury and exclusivity, it hasn’t stopped other brands of a similar calibre from breaking through. So if not that, then what? Perhaps it’s due to a lack of distinctive visual identity, which in recent years has begun to change. While fans of the ...

Industry News - LVMH Reports Accelerating Growth for the First Half of 2026, Incl. for the Watch Division

Recent financial statements by industry institutions and groups have been on the positive side, with what seems to be a comeback of growth, after a couple of rather difficult years for the watch industry. Indeed, Richemont reported sales up by 20% for its first quarter of 2026, the Swatch Group indicated sales up 8.5% in […]

Industry News - Swiss Watch Exports Increased by 11.2% in June 2026, According to the FHS

Earlier today, we reported the increase in sales indicated by the Swatch Group (+8.5% at constant rate), which follows almost identical signs reported by Richemont about a week ago (+8% for Specialist Watchmakers and +20% in total, with a growth mostly driven by Jewellery brands). Now, it’s time for the Federation of the Swiss Watch […]

Business News: Breitling's House Of Brands Joins Watches And Wonders For 2027 As Dates Unveiled

One of the largest watch group holdouts is heading to Watches and Wonders in 2027 as Breitling's House of Brands will join the world's premier luxury watch fair for the first time. Scheduled to take place April 5 to 11 in Geneva at Palexpo, with supplementary programs and exhibitions including the In The City events that debuted at the most recent edition, brands including Breitling, Gallet, Universal Genève and Italy's Damiani will exhibit alongside founding partners Rolex, Patek Philippe and Richemont brands, among others, according to a statement from the non-profit Watches and Wonders Foundation. The inclusion of the House of Brands group marks a significant addition for Watches and Wonders, underscoring its position as the most important annual gathering of Swiss and international luxury watchmakers, retailers, media, and the public each spring. The announcement follows news that Basel will return to the watch fair schedule with a new watch and jewelry show called Basilia that will follow during the same month, and leaves Swatch Group as the only major Swiss watchmaking conglomerate not participating in Watches and Wonders.  "The arrival of these new names represents an important milestone in the evolution of Watches and Wonders Geneva, and reflects the desire of major watchmaking Maisons to unite around a shared vision," Watches and Wonders organizers said in a prepared statement.  A record 65 brands participated in the event in 2026, including, for the first time...

Industry News - Citizen and Seiko Both Became EUR 1 Billion Watchmakers in 2025

While we often publish articles in our Industry News section, those are mostly focused on the financial results of Swiss and/or European brands and groups, by looking at major actors such as the Swatch Group, Richemont or LVMH, the exports of Swiss Watches, or estimated rankings by Vontobel and Morgan Stanley/LuxeConsult. What we have never […]

Business News: Breitling’s House Of Brands Unveils New Executive Leadership With Georges Kern As Group CEO

'House of Brands,' the group of watchmakers including Breitling, Universal Genéve, and the soon-to-be-revived Gallet, announced executive changes that will see the flagship brand led by new leadership, with Georges Kern becoming the group's Chief Executive Officer. Jean-Marc Pontroué, a long-time Richemont executive and the former CEO of Panerai and Roger Dubuis, is the new Chief Executive Officer of Breitling, the group says in a statement. The changes take effect in May.  Georges Kern Georges Kern, who has led Breitling under new ownership since 2017, overseeing a more than doubling of annual sales to above CHF 800 million, according to analyst estimates, and one of the most dramatic turnarounds in modern watchmaking, becomes the new CEO of the House of Brands, overseeing the three marques and their leadership in a newly created role.At Universal Genève, which relaunched this month in the high-end segment in what's likely the most ambitious watch brand return and repositioning in decades, Grégory Bruttin remains Managing Director. Meanwhile, at Gallet, the approachable-priced brand known for its Flying Officer and Multichron models, to be revived in August this year, Erwan Rossignol, who is already leading the team preparing the relaunch, becomes Managing Director. The changes confirm the multi-brand ambitions of the private-equity-backed Grenchen, Switzerland-based company, and provide a structure similar to that of other groups with portfolios of several watch bra...

The Business of Watches Podcast: Norqain CEO Ben Küffer On The NHL Partnership And The Challenge Of Standing Out In A Crowded Market

Plus TanTan Wang joins to talk about Oris's new Bullseye Big Crown Pointer Date, the sale of Baume & Mercier by Richemont, and Omega's 300M diver for Milano Cortina.

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.

Industry News - Swatch Group Revenues Down In 2025

It’s the time of year when businesses announce their financial performance. Following Richemont and LVMH, Swatch Group has just released its 2025 results. In a challenging environment for the watch industry, the sales of Swatch Group – the Swiss powerhouse and owner of Omega, Longines, and Tissot – were CHF 6,280 million, down 1.3% at constant exchange rates […]

Business News: Used Watch Prices Post Broad Gains For First Time In Years As Secondary Market Strengthens: Morgan Stanley And WatchCharts

Prices rose for all major watch group brands as primary market prices climbed, but value retention remains weak for most Richemont, Swatch, and LVMH brands, according to the report.

A Deep Dive Into Minerva In The Montblanc Era

It’s October 9th, 2006, and this news flash appears on the Richemont website: “Richemont, the Swiss luxury goods group, is pleased to announce that it has acquired Fabrique d’Horlogerie Minerva SA in a private transaction from G. P. P. International SA, Luxembourg. The watch brand Minerva was established by Charles Robert in 1858 and is […] Visit A Deep Dive Into Minerva In The Montblanc Era to read the full article.

Business News: New Swiss Auctioneer Aims To Bring 'Artist's Resale Right' Concept To Independent Watchmaker Sales

Launched by former Phillips and Richemont executives, Marteau & Co. will compensate  independent watchmakers directly when their watches are sold on its auction platform.

Business News: Round-Up: Top U.S. Executive Changes At Audemars Piguet, Panerai, And A New Chair At Chrono24

Wright departs AP while Bonay steps down from Panerai post after nearly three decades with Richemont.

Watches & Wonders Announces 2026 Dates

Anchored by brands like Rolex, Patek Philippe, and Cartier, Watches & Wonders (W&W;) is the world’s biggest luxury watch fair  and it will take place at its traditional time of early spring, April 14-20, 2026, once again at Palexpo. As is now convention, the final three days, April 18-20, will be open to the public, who can access the fair by buying a ticket. The first four days will only be open to invited guests, namely members of the trade, primarily brand executives, retailers, media, as well as select clients. W&W; will also stage events outside Palexpo, the convention centre near the airport, with several events planned in downtown Geneva. In past years, these have included exhibitions, talks, and social gatherings. The exhibitors for 2026 have yet to be announced, but the establishment brands are a certainty, including the brands owned by Richemont like A. Lange & Söhne and Vacheron Constantin, and the LVMH marques like TAG Heuer and Hublot. There has been talk of brands joining (or returning to) the list of exhibitors – Bulgari was a newcomer in 2025 – but this will soon be known once W&W; publishes the exhibitors directory.  

Top Luxury Watch Brands: 60 To Know In 2026

How well do you know your luxury watch brands? The timepiece industry is populated by many dozens of companies - a handful of them still independent, many others now members of a larger luxury-goods conglomerate - each with its own unique origin story, historical highlights, and technical and aesthetic brand DNA. Here we've gathered what we consider the 60 watch brands that should be on the radar of watch enthusiasts and given you a brief rundown of what makes each one special. In the interest of being informative (and transparent), we've divided them into sections: brands owned by the two major Swiss luxury groups (Swatch and Richemont), brands within the French LVMH Group, Japanese Citizen Group, and the small Swiss concern Sowind; the largest, best-known independent companies, and the leading brands among the rest of the independents. We've even added a little tidbit of trivia for each brand. TOP LUXURY WATCH BRANDS: SWATCH GROUP BLANCPAIN Blancpain was founded in 1735 by Jehan-Jacques Blancpain, making it one of the oldest watch brands in existence - one of the few, in fact, that can say it’s been making watches longer than the United States has been a country. The maison offers a plethora of small and high complications  in its extensive and elegant Villeret collection, named for the Swiss village where it originated before moving to the Vallee de Joux in 1983, including a so-called “complete” calendar, a signature complication but these days Blancpain ...

Business News: Breitling Adds Gallet to Portfolio

One of the badly kept secrets in Swiss watchmaking has just come true: Breitling has acquired Gallet. Backed by Swiss private equity firm Partners Group, Breitling has been slowly building itself into a group of brands. The Gallet acquisition comes a little over a year after Breitling took over Universal Genève. According to Breitling chief executive Georges Kern speaking to Fratello Watches, Gallet will be positioned in the sub-CHF3,000 range, topping out at CHF5,000. This puts its squarely in the segment of established brands like Tudor and Longines, which enjoy unparalleled economies of scale, as well as online-only micro brands that lack the overhead of established brands. The rationale of acquiring Gallet is clear. As Mr Kern mentions in his Fratello interview, it gives Breitling a stronger position vis a vis third-party retailers since the brand can now offer products across the price spectrum, with Universal Genève at the very top. This is particularly relevant as many brands owned by luxury groups like Richemont continue to withdraw from third-party retailers. Another factor that is left unsaid in the interview is the enlarged group presumably improves the odds of an exit for Breitling’s private-equity backers. Partners Group bought a majority stake in Breitling at end 2022 from CVC Capital, another private equity firm that bought Breitling in 2017. According to news reports at the time, CVC divested part of its Breitling stake at over five times the 2017 valua...

Business News: Jean-Marc Pontroué Departs Panerai, Emmanuel Perrin Takes Over

Panerai chief executive Jean-Marc Pontroué has just revealed he’s stepping down in a post on his personal Instagram account. He took up the job almost exactly seven years ago, after six years as chief executive of Roger Dubuis and over a decade at Montblanc, where most notably he led the brand’s high-end watchmaking efforts (that were dialled back under subsequent managers). Mr Pontroué’s successor, effective April 1, will be Emmanuel Perrin, currently head of Specialist Watchmakers (SWM), essentially the watch division of Richemont, the Swiss luxury group that also owns Cartier and Van Cleef & Arpels. According to insiders, SWM will continue to exist, but at a regional level, rather than the group-level entity it is now. Emmanuel Perrin Mr Pontroué landed at Panerai with big shoes to fill: his predecessor, Angelo Bonati, led the brand for over two decades, taking it from essentially nothing to one of the hottest brands in the 2000s. Panerai’s impressive momentum had begun to slow towards the end of Mr Bonati’s tenure, and despite his best efforts Mr Pontroué never managed to recapture the magic. Amongst the initiatives launched by Mr Pontroué at Panerai was sustainability in watchmaking materials and packaging, as well as a renewed engagement with Paneristi, the community of dedicated Panerai fans – underlined by historically inspired new launches coming in 2024. The brand’s direction will now be determined by Mr Perrin. During his spell leading SWM, Mr...

Robert Greubel, Stephen Forsey Consolidate Control of Greubel Forsey

Greubel Forsey has just announced that ownership of the company has once again reverted to Robert Greubel and Stephen Forsey, confirming rumours that have been circulating since Michel Nydegger replaced Antonio Calce as chief executive. With Mr Calce’s departure, the brand was pivoted back to more traditional complicated watches, as exemplified by the recent Hand Made 2 and Nano Foudroyante EWT. The shares owned by Mr Calce, was acquired by either the two cofounders or the company itself. The statement issued by Greubel Forsey states “Mr. Calce no longer holding any shares in the company or being affiliated with it.” Mr Calce came on board in 2020, and redirected the brand towards high-end sports watches. Industry talk at the time was that he was not only pivoting the company’s products, but also engaged in a search for a buyer for the brand. With a majority stake, Mr Greubel continues as the board’s chairman. Though his exact role is unspecified, Mr Forsey will presumably take off where he left off, as both a brand ambassador and watch constructor. The return of the two founders as the company’s only shareholders is the latest twist in the story of the company. Besides Mr Calce, Richemont once owned a stake in the brand. The Swiss luxury group, which also owns Cartier and Lange, acquired 20% of the brand in 2006 but the hoped-for synergies or acquisition never came to pass. Richemont sold the stake back to Greubel Forsey in 2022 , just after Mr Calce came on b...

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 - Swatch Group Revenues and Profit Down in 2024

It’s the time of year when businesses announce their financial performance. Following Richemont and LVMH, Swatch Group has just released its 2024 results. In a challenging environment for the watch industry, the sales of Swatch Group – the Swiss powerhouse and owner of Omega, Longines or Tissot – were CHF 6,735 million, down 12.2% at […]

In-Depth Retrospective: A. Lange & Söhne Zeitwerk “Luminous”

I was there when the Zeitwerk “Luminous” was launched at SIHH in January 2010, just a few months after the launch of the original Zeitwerk in May 2009. To say that I was impressed with the Zeitwerk “Luminous” when I first saw it that year is an understatement. Already the original Zeitwerk was, and is, a landmark in contemporary watchmaking. A luminous version, well, what could be better? Even though the most complicated Lange debuted that year was the Tourbograph Honeygold “Homage to F. A. Lange” for the 165th anniversary (an odd milestone to celebrate but that’s another story), the glow-in-the-dark Zeitwerk was the star. Enough of a star that Johann Rupert, the controlling shareholder of Richemont, has been spotted wearing one on several occasions. I was already a longtime fan of the brand, but that Zeitwerk “Luminous” was astonishing. Even though it was, strictly speaking, merely a cosmetic variation, the Zeitwerk “Luminous” was cool – and that was a big deal for a brand like Lange. I wrote this about the watch at SIHH 2010: “[It] is absolutely unconventional… even avant-garde… During the day this has a dark, almost brooding look, but at night it glows tenaciously… This avant-garde PVD Lange is utterly cool (yes, “Lange” and “cool” in the same sentence). It is a tad gimmicky, but the lesson is this: gimmicks are forgiven if a watch is truly high quality and innovative.” I wasn’t the only one who thought that way, because thoug...

Business News: Jérôme Lambert Returns to Jaeger-LeCoultre as CEO

In an unexpected twist, Jérôme Lambert will return to the top job at Jaeger-LeCoultre (JLC), some 11 years after he left the same role. Mr Lambert’s first spell as chief executive of JLC, which lasted from 2002 to 2013, was a major success. During the 11 years, the brand developed into a contender in haute horlogerie while maintaining its affordable appeal in simpler watches. He then moved on to run Montblanc for almost four years until early 2017, before rising to a series of senior jobs in Richemont, the luxury group that owns JLC. In 2018 Mr Lambert was named chief executive of the group, but in June 2024 he was reassigned. Mr Lambert became chief operating officer, while Nicolas Bos succeeded him as chief executive. In some ways, Mr Lambert is a JLC lifer – he began his professional career in 1996 in the finance department of JLC. When he was tapped to lead JLC in 2002, he was one of the youngest chief executives in watchmaking.  The two chief executives who ran JLC after Mr Lambert never quite led the brand to the same heights, so many will be hoping his comeback also signals a return to earlier glory.  

Vacheron Constantin Introduces Certified Pre-Owned

Vacheron Constantin (VC) has just announced its Certified Pre-Owned (CPO) programme. Focused on recent VC timepieces, the CPO offerings will all be certified and serviced by the brand, and accompanied by a two-year warranty. The CPO programme will also allow clients to trade-in their VC timepieces for a new model. The CPO programme is making its debut with Watchfinder, the pre-owned watch merchant owned by VC’s parent company, the Swiss luxury group Richemont. In time to come, it will progressively be rolled out at VC boutiques, third-party retailers, and even auction houses. Each CPO watch will be accompanied by a two-year international warranty, a “Digital Passport”, and an VC guarantee letter. Watches sold through the CPO programme will be delivered in a VC pouch with a VC seal tag. Strictly speaking, CPO programme isn’t the first time VC is offering pre-owned watches. For several years, select boutiques have carried watches from Les Collectionneurs, vintage VC watches restored and certified by the manufacture. Practically all of the Les Collectionneurs watches are over 40 years old. On the other hand, the CPO programme is distinct as it covers more recent timepieces, including current models.  

Watches, Stories, & Gear: A Horror Movie Experience at the Stanley Hotel, An Enormous Black Hole, and the Swiss Watch Industry Slows Down

“Watches, Stories, and Gear” is a roundup of our favorite content, watch or otherwise, from around the internet. Here, we support other creators, explore interesting content that inspires us, and put a spotlight on causes we believe in. Oh, and any gear we happen to be digging on this week. We love gear. Share your story ideas or interesting finds with us by emailing info@wornandwound.com. The Struggling Swiss Watch Industry  Reports continue to surface that point to prolonged troubles and a general downturn in the Swiss watch industry. Forbes reports that according to the Federation of the Swiss Watch Industry, exports were down in August by 125,000 units year over year, even while the total value of all exports increased by nearly 8%. A chief cause of the downturn, in addition to a slowing global economy, is likely overproduction of watches and other luxury goods. Johann Rupert, chairman of Richemont, called on watch manufacturers to reduce production across the board. It’s worth pointing out that these export numbers never tell the whole story – these are units sold to retailers, not end users, for the most part. But signs seem to be everywhere that the boom seen during the pandemic across the industry has waned significantly, and the industry as a whole may have returned to what once would have been described as normal.  A Black Hole with a Cosmic Wingspan  The sheer size of space is something that is hard for human beings to comprehend, and a story we saw t...

Business News: Bulgari and Six Independents Join Watches & Wonders 2025

Continuing the evolution and growth of Watches & Wonders Geneva (WWG), the event will see new additions next year, with Bulgari coming on board as a major exhibitor, along with a half dozen independent brands, including Christiaan van der Klaauw, Kross Studio, and HYT. Bulgari will then become the second major jewellery to show at the event, after Cartier, which historically dominated the Geneva fair when it was still known as Salon International de la Haute Horlogerie (SIHH). WWG was essentially a renamed SIHH after the demise of Baselworld, and Cartier retained its most-favoured status at the event even after the transition to WWG in 2020. As WWG has evolved, however, the balance of power has shifted, as reflected by the recent additions to the event’s governing board. While Cartier and its parent Richemont once had half the seats on the board, the pair now account for just two seats on the expanded, seven-member board, which now includes LVMH, the French luxury group that owns Bulgari. The last SIHH ever that took place in 2019 Indies and youth The addition of six more independent brands to WWG add to its diversity, with a majority of the exhibitors now being small and tiny independent brands. But as was the case with Baselworld before, the independent brands participating are a mixed bad of the good, the bad, and the ugly, which is one reason why some established independent brands are doing their own thing outside the fair – and which ironically was the reason SIH...

Business News: New CEOs for Hublot and TAG Heuer

Expected but not quite so soon, longtime Hublot chief executive Ricardo Guadalupe is retiring after two decades at its helm, first as managing director for eight years followed by another 12 years as chief executive, during which he oversaw the expansion of Hublot’s manufacture as well as collaborations like the Daniel Arsham pocket watch. Now 59 years old with some four decades in the watch industry, Mr Guadalupe will be replaced by Julien Tornare, who was only just named to the top job at TAG Heuer in January 2024 when Frederic Arnault was named chief executive of the LVMH Watches Division. In turn, Mr Tornare will be succeeded by Antoine Pin, who was most recently head of Bulgari’s watch business. Who succeeds Mr Pin has not yet been officially announced. All the new appointments take effect come September 1, 2024. From left: Julien Tornare, Frédéric Arnault, Ricardo Guadalupe, and Antoine Pin Mr Guadalupe is a watch industry lifer, having started in the business at Bulgari in the mid 1980s before moving to Blancpain and then Hublot. For about a year now, Hublot insiders have been saying Mr Guadalupe appeared ready for retirement, though the announcement still comes as unexpected. Slated to become the Honorary President of Hublot after he steps down, Mr Guadalupe’s retirement might be due in part to the marked slowdown in the watch industry, which no doubt contributed to the significant management overhaul at Richemont, where new faces were appointed to the chie...