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Watch-business in South Africa The Swatch Group Ltd.: Acquisition of Swiss Precision, Johannesburg

(04/2009) The Swatch Group Ltd. has signed an acquisition contract concerning Swiss Precision (Pty) Ltd., of Johannesburg, South Africa, which is responsible for the distribution of watches in that country. The Swatch Group already held 10% of the company’s share capital. The company was formed in 2003 together with the Moss Family for the purpose of distributing watches produced by the Swatch Group. The acquisition will be effective upon approval by the responsible South African authorities.

Unacceptable behaviour Watch author Gerd-Lothar Reschke blocked on Watch-Wiki

(01/2009) Trouble on the renowned watch internet site Watch-Wiki. One of the participants, the famous watch author Gerd-Lothar Reschke a.k.a „Gerd-Lothar“ was banned from Watch-Wiki in January 2009, due to gross violation of the internal rules. Apparently Gerd-Lothar Reschke tried to use the homepage, which is frequented strongly by watch lovers, for his own benefit.

New press officer at NOMOS: Ute Fischer-Graf

(01/2009) NOMOS Glashütte is constantly growing and with it, the amount of work. Therefore, the PR department needed to be strengthened. Ute Fischer-Graf – the new press officer at NOMOS – is a thoroughbred journalist. She was born in Dresden, has deep roots in her Saxon homeland and she most recently worked at ProSieben in Munich.

Luxury watch manufacturers Ebel and Zenith dismiss employees

(01/2009) The economic crisis has an ever increasing impact on the watch industry. On 27 January 2008, the watch manufacturers Ebel and Zenith from western Switzerland have announced the dismissal of a total of approximately 50 employees. Zenith and Ebel´s reduction of staff is likely to be only the beginning of a whole series of dismissals in the watch industry.

Markets have collapsed Montres Villemont files for bankruptcy

(01/2009) The commercial crisis also takes its toll on timepiece industry. The watch manufacturer Villemont SA from Vernie in Switzerland is the first casualty. The company with 14 employees had to turn over their financial statements to the Geneva commercial court and declare bankruptcy. The main reason for the insolvency is that the company's most important markets in Asia and Eastern Europe have collapsed.

Express Growth: bruno banani

(01/2009) According to the current survey "Outfit 6" in the SPIEGEL, bruno banani is Germany´s fastest growing lifestyle brand. Thus, it already has become a real insider tip for watch enthusiasts and the watch industry. The coolness factor of bruno banani and the unconventional design attracts mainly young people and those who feel young at heart.

Asian Company Takes Over Milus International SA

(01/2009) Already in October 2008, Chow Tai Fook acquired Milus International SA. The manufacturer of watches was part of the Peace Mark Group since 2002. Last month, the former owner was placed under provisional liquidation. For the Chow Tai Fook Group based in Hong Kong (CTF Group) the acquisition of Milus is the unique opportunity to complement its portfolio of luxury products with a well-established and luxury watch brand.

Movado Group is mourning the passing of Gedalio Grinberg

(01/2009) Gedalio “Gerry” Grinberg died on January 4, 2009 at age 77. Grinberg was founder and chairman of the Board of the Movado group. He came to the United States in 1960 after Castro's takeover where he became the exclusive distributor for Piaget and Corum watches in America and founded the North American Watch Company, which today is known as Movado Group.

Katrin Roth joins Maurice Lacroix

(12/2008) Katrin Roth has joined the watch manufacturer Maurice Lacroix in Zurich as International PR & sponsorship manager. Among other duties, the 33-year-old has been assigned with the establishment of an international PR network in a total of 60 countries where the luxury brand is marketed.

Bruno Maier to be new CEO of Rolex

(12/2008) Bruno Maier, who was finance director of Rolex since 2006, takes over as CEO of the Swiss company. The company spokeswoman Dominique Tadion confirmed that to the newspaper Neue Zürcher Zeitung this weekend. Meier has been employed at Rolex since 2005. The 54-year-old previously ran the Swiss branch of Deutsche Bank in Geneva and was member of the board of directors of German stock exchange. Apparently, the board of directors of Rolex was of the opinion that they needed a good number-cruncher now to get a handle on the costs again.

The HUBLOT Boutique opens in Geneva

(12/2008) Today, in Geneva, the world capital of watchmaking, Hublot opened its first dedicated boutique in Switzerland. At the heart of the leading luxury brands area, Hublot will present its entire exclusive collection. After inaugurating its first world boutique in the rue St-Honoré in Paris in 2007, this year the brand celebrates Christmas on home ground!

A. LANGE & SÖHNE opens store in Tokyo

(10/2008) Since the market launch in 1995 the handcrafted timepieces of A. Lange & Söhne have enjoyed increasing popularity with Japan’s sophisticated watch aficionados and collectors. They are well aware of the level of craftsmanship, precision and – above all – passion for watchmaking that is reflected in the “A. Lange & Söhne” signature. However, it is a long way from Tokyo to the idyllic watchmaking town of Glashütte, not far from the gates Saxony’s baroque capital Dresden.

Exclusive watch brand from Saxony A. Lange & Söhne takes on the 500th employee

(07/2008) 19-year-old Nadine Görgl starts work today for Lange Uhren GmbH, making her the 500th employee to be taken on by the company. She also did her watchmaking apprenticeship in Glashütte and will be working in the final adjustment section of this traditional manufactory. She starts work for the exclusive watch brand from Saxony along with eleven other talented young watchmakers, of which seven are graduates of the company's in-house Watchmaking School.

(03/2008) While very few Manufactures can lay claim to a century and a half of horological passion, this venerable age is being celebrated at Vulcain to the sound of innovation, energy and fine workmanship. The limited editions released to mark the occasion are complemented by the emergence of resolutely sporting new collections. Setting the crowning touch to this important jubilee, Vulcain publishes a book providing a wealth of information and retracing its 150 years of history.

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