Sandra‘s Closet

Yesterday, LVMH announced the appointment of Frédéric Arnault to the role of CEO of
TAG Heuer from 1 July onwards. Frédéric joins some of his siblings in taking on a senior role within LVMH. Four of founder Bernard Arnault’s five children now occupy senior positions within the group, at Louis Vuitton and luggage maker Rimowa among others.

Frédéric Arnault (25)

A former student of France’s École Polytechnique (X2014), Frédéric Arnault (25) started his professional career at Facebook before moving on to consulting firm McKinsey. At the start of 2017 he joined TAG Heuer to manage its smartwatch activities. Since being appointed Chief Strategy and Digital Officer in October 2018, he has led an ambitious transformation and digitalisation campaign within the Maison in close collaboration with Stéphane Bianchi, CEO of the Watchmaking Division and TAG Heuer.

Presented this week: a special edition of Tag Heuer’s third-generation luxury Connected Watch for is dedicated to passionate golfers.

Fréderic’s position as head of the company will see him play a role in supporting innovation and accelerating the development of TAG Heuer, as he has done with the successful launch of the latest Connected watch after piloting the entire design phase.

TAG Heuer Carrera Calibre Heuer 02T Ayrton Senna Special Edition 2019

A pioneer of the watchmaking industry since 1860, the Maison will continue to maximise the value of its iconic ranges Carrera, Monaco and Aquaracer, all the while cementing its avant-garde status inthe industry with its third generation of smartwatches.

Stéphane Bianchi (53)

Stéphane Bianchi (53) will assume the role of CEO of the Watches and Jewelry Division from 1 July onwards. The role was held by Jean-Claude Biver before. This will see him take the reins of jewelry Maisons Chaumet and FRED, in addition to TAG Heuer, Hublot and Zenith.

Jean-Marc Mansvelt, Managing Director of Chaumet, and Charles Leung, Managing Director of FRED will report to Stéphane Bianchi in his new role. Jean-Christophe Babin, CEO of Bulgari, will continue to report to Toni Belloni, LVMH Group Managing Director.

LoL, Sandra

Photos: © Tag Heuer

In Wednesday’s post about the departure of Rolex, Tudor, Patek Philippe, Chanel and Chopard from Baselworld, I rose the question if this will be the end of the famous watch and jewelry show. Here is the answer and some more breaking news as the Swiss watch manufactures belonging to the LVMH Group, the world leader in luxury, have chosen to leave Baselworld in order to join the other flagship brands of the Swiss watch industry in Geneva from 2021 onwards. This includes all brands from the LVMH Watchmaking Division, TAG Heuer, Hublot and Zenith, as well as the House of Bvlgari.

Within this context of clearly weakened representation of the Swiss watch industry and hence inevitably lower participation, it appears clear to the brands composing the Division and to the House of Bvlgari that they must also withdraw in order to preserve their image and their relations with their clients as well with the media.They will therefore not be taking part in the 2021 edition of Baselworld.

The four Maisons are examining various potential event formats corresponding to the need to present their strategic directions and new products to their commercial partners – as well as to the international press – next year. The LVMH Watchmaking Division on the one hand, and Bvlgari on the other, will decide on their plans in the coming weeks, according to their respective objectives.

Stéphane Bianchi

Stéphane Bianchi, CEO Watchmaking Division LVMH, said: «We are sorry to have to leave this over 100-year-old Baselworld event to which our Maisons have been consistently loyal. It is nonetheless clear that we must respond quickly and make other arrangements. We are facing an opportunity to reinvent the format and content of one of the key moments of our watchmaking year, which represented both a major commercial challenge and a lever of influence for our brands. With this in mind, we will do our utmost to be present alongside the other prestigious Maisons that will gather in Geneva in April 2021, and thereby meet the requirements of our partners and clients while offering them an unrivalled experience.»

Jean-Christophe Babin, CEO Bvlgari Grou., stated: «Grouping the entire Swiss watch industry in a single location, Geneva – the historical capital of watchmaking – and around a single date, is a major opportunity to at last revive a sector that all too many divisions and divergent interests have weakened compared to the rest of the luxury sector in which Bvlgari is active and that is making much faster progress. We are looking forward to going to Geneva in April 2021, even though we still need to define the terms of our participation, which we will specify in the coming weeks. We are also delighted not to have to make up for the lack of institutional watch shows, which in 2020 forced us to take tactical initiatives that were necessary in the short term but undesirable in the medium term.»

So, dear ladies and gentlemen, this is the answer, this is the end of Baselworld…

LoL, Sandra

Photos: Courtesy of the Brands

This is industry news that I don’t want you to miss. Stéphane Bianchi, President of the LVMH Watch Division, and Jean-Christophe Babin, President of the Bvlgari Group, are announcing the first LVMH Swiss Watch Manufactures Exhibition.

The event will take place at the Dubai Bvlgari Hotel in January 2020 and will include Bvlgari,
TAG Heuer, Hublot and Zenith. The four watch brands will introduce to the international medias and retail partners their watchmaking news 2020.

Dubai Bvlgari Hotel

«In between Geneva in January and Basel in March, we have had in the recent years two major product presentations in the first quarter. This early discovery of our strategies, news and novelties has allowed our media and retail partners to better plan the year ahead and as such we have decided on this set up for 2020 to balance the scheduling of the other events», declared Jean-Christophe Babin.

Watch news this month: TAG Heuer’s second of five limited-edition Monaco timepieces that mark the icon’s 50th anniversary. 

As previously announced, Bvlgari, TAG Heuer, Hublot and Zenith are also confirming in parallel their presence at Baselworld 2020, late April/early May.

«We remain very supportive and loyal to Baselworld and the Swiss watchmaking industry. However, it was not possible for us to go 13 months without a global presentation of our products and brands. This additional event further confirms the LVMH commitment to the strategic and profitable watch category», said Stéphane Bianchi.

Hublot – proud official timekeeper of the FIFA Women’s World Cup France 2019™.

Personally speaking, I find this idea very interesting. Let’s be frank, watch fairs are extremely expensive and not very flexible. In my post about SIHH 2019 from January, I told you already about several changes that are going to happen next year with many brands leaving Baselworld or the SIHH. Solutions were found though, with the Geneva- and the Basel-based shows uniting forces and coordinating their dates from 2020.

Zenith’s new Pilot Type 20 Adventure

Still, the situation isn’t ideal for everyone. I am curious to see LVMH’s own, private «Pre-Baselworld event» in Dubai, in January 2020. The location is an interesting choice as well… stay tuned!

LoL, Sandra

An example of Bvlgari’s new watch creations for 2019

Photos: Courtesy of the Brands