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Richemont

Geneva luxury holding group founded 1988 by Johann Rupert. Owns Cartier, IWC, JLC, A. Lange & Söhne, Vacheron, Panerai, Piaget. Largest haute-horlogerie portfolio in the industry.
Cambodia’s First Watchmaking School Opens in Phnom Penh SJX Watches
Dec 1, 2019

Cambodia’s First Watchmaking School Opens in Phnom Penh

One of Asia’s quickest growing economies, Cambodia remains a relatively small market for mechanical watches, but now boasts its own watchmaking school – led by a pair of former WOSTEP instructors – which will begin operations in mid 2020. Supported by a local real estate conglomerate, the Prince Horology Vocational Training Center will offer a full-time, two-year course in watchmaking. Totalling some 3,400 hours of training, the watchmaking course will be comprehensive and modelled on the education offered by Swiss watchmaking schools. Designed by a team that includes a former director of WOSTEP, Switzerland’s leading watchmaking school, the course includes watchmaking history and culture, toolmaking and maintenance, repair and servicing of both mechanical and quartz watches, as well as some parts production. Filled with brand new equipment, the school is ready for its first students Located in the Chrouy Changvar district of central Phnom Penh, the country’s capital, the Prince Horology Vocational Training Center recently opened its premises, which are fully equipped with brand new benches and tools, giving students the opportunity to learn both watch repair as well as movement part production and finishing. The school’s leadership team includes Jessica Thakur, formerly an instructor at Richemont’s American watchmaking school in Texas and then at WOSTEP, as well as Maarten Pieters, who was the director of WOSTEP from 2002 to 2018. Prior to that, Mr Pieters ...

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Business News: LVMH Buys Tiffany & Co. for US$16.2 Billion SJX Watches
Louis Vuitton Nov 25, 2019

Business News: LVMH Buys Tiffany & Co. for US$16.2 Billion

After several weeks of negotiations, LVMH has sealed the deal to buy Tiffany & Co. in a US$16.2 billion, all-cash deal. Despite several years of listless growth and a declining share price – though its current management was in a midst of engineering a turnaround – Tiffany & Co. is the biggest acquisition ever in the luxury goods industry. The French luxury conglomerate, which owns Louis Vuitton and Christian Dior, is paying US$135 a share, about 35% above the last traded price before news of the takeover broke. With the acquisition of the storied American jeweller, LVMH strengthens its presence in the “hard” luxury business of jewellery and watches, a segment traditionally dominated by its Swiss rival Richemont, the owner of Cartier, Van Cleef & Arpels, and most recently, Buccellati. The addition of Tiffany’s to its 75-strong stable of brands, which includes watchmakers like Hublot and TAG Heuer, will also help LVMH grow its presence in China and the United States, where the jeweller’s baubles are popular. And the deal also means Tiffany’s well regarded chief executive, Alessandro Bogliolo, returns to LVMH, where he was once the chief operating officer at Bulgari.  

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Montblanc Introduces the Heritage Small Second with a Minerva-Minerva Movement SJX Watches
Montblanc Introduces Nov 10, 2019

Montblanc Introduces the Heritage Small Second with a Minerva-Minerva Movement

During a chat with Montblanc watch division chief Davide Cerrato this weekend in Geneva – where the split-seconds chronograph he created for Only Watch sold for a 100,000 Swiss francs – he revealed the company had recently discovered a small number of finished Minerva MB M62.00 movements from the early 2000s. Already decorated and assembled, the hand-wound movements were then paired with a specially designed dial to create a discreet limited edition. The calibres were produced in 2003, during the brief period from 2000-2006 when Minerva was owned by Italian former billionaire Emilio Gnutti who was later convicted of insider trading. Mr Gnutti radically remade Minerva after he took over, elevating it from a producer of competent and honest watches into one focused on ultra high-end timepieces with exceptional movement finishing. But his endeavour was not financially viable and he sold Minerva to Richemont, which integrated the brand into Montblanc. The Minerva-Minerva movement The MB M62.00 in the new Heritage Small Second come from this period, so they have impeccable finishing. But unlike Minerva movements produced after the Montblanc takeover, these movements were wholly finished prior to the Richemont takeover so they are only marked “Minerva” and “Villeret”. Though the MB M62.00 are identical, both in style and finishing, to later movements marked “Montblanc”, aficionados will appreciate the nostalgic Minerva logo. The MB M62.00 movement is derived fr...

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The Rise and Fall of Asprey of London (and a Personalised F.P. Journe Wristwatch) SJX Watches
Louis Vuitton Oct 31, 2019

The Rise and Fall of Asprey of London (and a Personalised F.P. Journe Wristwatch)

An F.P. Journe Octa Calendrier caught my eye at Phillips’ upcoming Geneva auction, not because of the watch itself, but because of the name engraved on the movement: “John R. Asprey”. Now 82, John Rolls Asprey ran his family’s luxury emporium in its heyday, when it was a purveyor of watches, jewels, silverware, fine bookbinding and hunting accessories, with the Sultans of Brunei and Oman as its top clients. Unusually, Asprey was a prominent name in two diverse segments of watchmaking – what are now valuable vintage watches, think “Khanjar” Rolex watches, as well as modern-day independent watchmaking. How it came to be is the remarkable story of the rise and decline of a grand name in British luxury retail. A wondrous emporium Long before luxury brand names had coalesced into conglomerates like LVMH and Richemont, they were independent, family-owned enterprises that were small but globally known – at least by the right clientele. Amongst them were names that are still famous today, including Cartier, Louis Vuitton, and Tiffany & Co., but also one that is less well known now, Asprey of London. Founded in 1781 and having opened in 1847 at 167 New Bond Street – still its premises today, albeit leased – Asprey was once London’s leading luxury merchant. In some ways, it was the ultimate gift shop, where one could buy all manner of exotic and exquisite goods from all over the world, from books to watches to sceptres to crystal. Many of the elaborate objects ...

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Business News: LVMH Offers to Buy Tiffany & Co. SJX Watches
Patek Philippe watches Oct 27, 2019

Business News: LVMH Offers to Buy Tiffany & Co.

Luxury giant LVMH has made an offer to buy Tiffany & Co., America’s leading luxury jeweller (and the biggest retailer of Patek Philippe watches in the country), according to the Bloomberg. The French group made an all-cash offer of US$120 a share, a premium of about 22% over Tiffany’s last done share price and valuing the company at about US$14.4 billion. That would make Tiffany’s the biggest acquisition ever for LVMH, which has seen its shares hit record highs recently, bringing its value to over US$210 billion. Despite being the world’s largest luxury group – its brands include Louis Vuitton, Bulgari, Rimowa, Hublot and DFS – LVMH is relatively weak in high-end jewellery, especially compared to Swiss rival Richemont, which owns Cartier, Van Cleef & Arpels, and Piaget, and only just picked up Buccellati. Buying Tiffany would give LVMH a bigger presence in jewellery, as well as greater exposure to the United States, which is the jeweller’s biggest market, account for around a third of sales. LVMH only just opened a bag factory in Texas, the Louis Vuitton Rochambeau Ranch, in an event attended by Donald Trump and LVMH chief executive and controlling shareholder Bernard Arnault, who’s also the third-richest man in the world. Best known for its diamond engagement rings and blue boxes, Tiffany suffered from a weak spell in recent years, with its former chief executive Frederic Cumenal, an LVMH alumni, lasting barely two years. After he departed in 2017, to be...

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Throwback Sundays: Six Stealth Wealth watches that could fool a seasoned watch collector Deployant
Rolex Sep 15, 2019

Throwback Sundays: Six Stealth Wealth watches that could fool a seasoned watch collector

Most seasoned watch collectors will easily recognize the usual culprits, the Pateks, Rolexes, APs, Richemont/Swatch/LVMH brands from a distance. In order to make this list of watches that qualify as stealth wealth, we have chosen timepieces that are 'unexpectedly' expensive, yet not instantly recognizable. They look simple on the dial side, yet have hidden complications and/or 'insane' finishing.

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RECOMMENDED READING: Do watches hold their value during a downturn? Time+Tide
Jul 26, 2019

RECOMMENDED READING: Do watches hold their value during a downturn?

Much has been written about the growth of the pre-owned watch market in recent years, but just how long has this been happening, and will watches hold their value during a recession? With consecutive seasons of watch auctions breaking all-time records, luxury conglomerate Richemont spending an estimated €200m to acquire second-hand dealer Watchfinder & Co … ContinuedThe post RECOMMENDED READING: Do watches hold their value during a downturn? appeared first on Time+Tide Watches.

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NEWS: Piaget open their first ever Australian Boutique Time+Tide
Montblanc Dec 8, 2018

NEWS: Piaget open their first ever Australian Boutique

Last week, Piaget opened their first ever Australian Boutique, and we were lucky enough to attend the opening. Piaget has joined several of their Richemont cohort, including Cartier, Montblanc and Panerai, at Melbourne’s iconic Chadstone Shopping Centre. The upscale apartment vibe provides a more relaxed approach to retail, with nice design touches, like informal seating options. … ContinuedThe post NEWS: Piaget open their first ever Australian Boutique appeared first on Time+Tide Watches.

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Ep. 81 Watchfam Crossover, Stolen Moscato, and TBWS World Travel..? Two Broke Watch Snobs
May 31, 2018

Ep. 81 Watchfam Crossover, Stolen Moscato, and TBWS World Travel..?

The show finally pivots and the guys agree that this entire TBWS thing is simply a support group for folks that are completely insane... about watches. This week, we finally reveal the details about our 5k follower giveaway as Kaz enjoys some succulent Passover moscato. Delish. There's even a new Richemont brand that makes its way into the discussion this week!

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VIDEO: 5 of the best independent watches from SIHH 2018 Time+Tide
Montblanc Mar 8, 2018

VIDEO: 5 of the best independent watches from SIHH 2018

If you know a little bit about how the world of watches works, you’ll likely know that it’s a space dominated by a few big groups (namely Richemont, Swatch and LVMH), each with their own stable of brands. SIHH is a show dominated by Richemont brands - big names like Cartier, IWC and Montblanc. But … ContinuedThe post VIDEO: 5 of the best independent watches from SIHH 2018 appeared first on Time+Tide Watches.

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WHO TO FOLLOW: @alpagota Time+Tide
Ressence Mar 31, 2017

WHO TO FOLLOW: @alpagota

When Gaëtan Gaye moved from Richemont’s Amsterdam office to Ressence in 2015, he doubled the size of the Antwerp-based team, which was quite the change in scale. What hasn’t changed, is his twin passions for watches and cars, as evidenced by his Instagram feed. NAME: Gaëtan Gaye OCCUPATION: International Brand Director for Ressence HANDLE: @alpagota FOLLOWERS: … ContinuedThe post WHO TO FOLLOW: @alpagota appeared first on Time+Tide Watches.

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“This is about as rare as it gets.” The Omega Speedmaster that wowed the Antiques Roadshow Time+Tide
Omega Speedmaster Mar 15, 2022

“This is about as rare as it gets.” The Omega Speedmaster that wowed the Antiques Roadshow

While the Antiques Roadshow always provides a reassuring form of comfort TV, it’s particularly satisfying when an unsuspecting punter hits the jackpot. That’s exactly what happened on a recent show when the Antiques Roadshow visited Ham House in Richmond, UK. A grey-haired guest on the show presented the show’s expert, Richard Price, with his brother’s … ContinuedThe post “This is about as rare as it gets.” The Omega Speedmaster that wowed the Antiques Roadshow appeared first on Time+Tide Watches.

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