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Zenith

I'll try to better elaborate my pov

 

I'm not the man who can express judgements and I beg your pardon in advance if I'll write rubbish. It's not an easy period for swiss-based watch business and everyone, without exception, have to move very carefully.

You've correctly mentioned Jean-Claude Biver. An authentic big. But I wouldn't take for granted he can realize miracles, all alone. Nobody can realize them without adequate supports.

In my opinion, between the brands he directly controls, it's only Hublot that's running like a train. And I think it's interesting to underline that Hublot is having a remarkable technical growth and not only a commercial boom. Sure enough, for Hublot have been allocated important investments to enlarge the production capabilities towards a higher degree of independence.

About Zenith: you've already written...

About Tag Heuer... the alliance with Google and Intel has just barely started. But I'm not so happy with the Brand declassification, both because of its beautiful history and because in recent years they have showed a strong creative verve. It's a pity to waste all of those outputs. Please take note that Jean-Christophe Babin, the CEO responsible for that recent development, in 2013 leaved TAG Heuer for Bulgari. His successor, Stéphane Linder, in 2014 went to Gucci just after Patrick Pruniaux, Vice President Sale and Retail, went to Apple. In the meantime, an important company reorganization (to be understood as "layoffs") and JCB as president ad interim.

And finally: I think it wasn't a good move to exclude Bulgari from the range of LVMH's watch brands. It's a rough underestimation to define Bulgari as "a luxury Brand which also produce watches". They have indeed a big patrimony of haute horlogerie excellences.

Let's wait and see, I sincerely hope that all of this confusion will be reduced in clever decisions, smart products and happy customers!

Ciao,

Elio

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