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Zenith

I definitely think JCB is on a roll and has just started...

 

re-aligning and streamlining the LVMH watch division. He put Hublot onto track and may have just finished doing so with TAG. Zenith is the next one to get his main attention. I asked Jean-Claude about the other LVMH brands which are in the watch business as well, but the firmly stated that he would only deal with the bona fide watch brands and nothing else.
Thus, I think the division in to watch houses and 'luxury brands which also produce watches' is pretty much up to Jean-Claude's liking.
A final word to TAG (as we are discussing the El Primero Favre-Jacot here...): I am not sure the alliance with Google and Intel on the smart watch is a good one. Like it or not, the luxury buyers are mainly rooted in the Apple iOS ecosystem, and the TAG smartwatch pairs badly with this. There are other reasons why I would be very cautious, but I leave this for a separate discussion (and yes, I am preparing larger article on this ;-)). But one word: I think Apple played the watch card better than the watch industry did with their smart watches... go figure!
And i fully agree with you that the shake-up and stir in LVMH's watch division has to settle some day. Its time to get work done and yield results.
Best,
Magnus

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