Archive for June, 2008

Free tickets to “Juwelen in het Amstel” for this weekend

June 16, 2008

Juwelen in het Amstel – Exclusive Event in Amstel Hotel Amsterdam

Invitation Juwelen in het Amstel by Ace Jewelers

This is the third time Ace Jewelers Group will be presenting the following watch brands: IWC, Omega, Breitling and Baume & Mercier, exclusively during the elegant event: ”Juwelen in het Amstel” in the luxurious Amstel Hotel in Amsterdam. During the weekend of Friday 20th of June until Sunday 22th of June, 2008, Ace Jewelers will also exclusively present the jewelry of the international brands: Noor Diamonds, Jean-Marc Garel, Marco Bicego, MeeVIDA, Baskania, Stockert Diamonds en Royal Asscher Diamonds.

As CEO of Ace Jewelers I am honoured to offer the WatchFreaks on this blog, ten entrance cards free of charge, valid for 2 persons. Please send an e-mail before Thursday June 19th, 2008 to: amstel@acejewelers.com and the first ten senders, will receive the entrance cards by mail.

Name of Event: “Juwelen in het Amstel” – Amstel Hotel Amsterdam
Entry Fee: EUR 45,– per person
Date and Time: Fri 20/Sat 21/Sun 22 June – whole day
Address Details: InterContinental Amstel Amsterdam, Prof. Tulpplein 1, 1018 GX Amsterdam, The Netherlands

Additional info: http://www.interevent.org/ja

Hope to see you there. If you have any questions, feel free to contact us.

Breaking News: Gucci buys stake in Sowind Group (GP & JR)

June 14, 2008

On April 25th we reported that another independent watchmaker was taken over by a big luxury group (LVMH bought Hublot). Today we report the purchase of 23% of the Sowind Group (Girrard Perregaux and Jean Richard) by Gucci Group (owned by PPR).

Please share your opinion about this fact. Is it a positive or negative move by an independent watch manufacturer? And will the other independent watch manufacturers be ‘tempted’ to sell their companies as a result of the huge sums of money offered by the big luxury firms?

Here follows the official press release by PPR:

“PPR and Girard-Perregaux sign a long-term strategic partnership.

 PPR announced the signature of a long-term strategic partnership with the Sowind Group, a Swiss holding company based in La Chaux de Fonds headed by Luigi Macaluso. The Sowind Group includes the Haute Horlogerie brands Girard-Perregaux and JeanRichard, a Research and Development Centre, as well as Sowind Manufacture, maker of high-end watch movements. Under the partnership, PPR will own a 23% interest in the Sowind Group, with the possibility of increasing its stake under the terms of a shareholders’ agreement. Mr. Macaluso will retain control of the company.

This strategic partnership represents the materialisation of a shared vision between the two partners regarding long-term growth prospects in the Haute Horlogerie segment. It will allow PPR and Girard-Perregaux to combine their know-how and knowledge base in terms of R&D, design, brand management, distribution networks and sourcing. Mr Macaluso will join the Gucci Group Management Committee and the Boucheron Board of Directors. François-Henri Pinault and Robert Polet will become Directors on the Sowind Board.
 
This long-term agreement offers Girard-Perregaux, one of the last independent, high-end Swiss watch “Manufactures”, and the JeanRichard brand the means to fully exploit their potential for growth and innovation by teaming up with one of the major players in the luxury goods industry. As for PPR, the agreement confirms the Gucci Group’s goal of building a strong presence in the Haute Horlogerie segment, one of the most promising luxury goods markets. The Gucci Group brands will thus benefit from outstanding watch-making expertise and will extend their sourcing for timepiece components.
 
François-Henri Pinault, Chairman and CEO of PPR, declared: “I am pleased that the bonds between our two groups are being strengthened, as we build a joint future in one of the most prestigious sectors of the luxury goods business. The PPR and Sowind groups share the same entrepreneurial values passed on through long family tradition. I have a great admiration for Girard-Perregaux, a brand founded in 1791 whose identity and worldwide influence is exceptional.”  
 
Luigi Macaluso, Chairman and CEO of the Sowind Group, stated: “I am extremely pleased to be able to work with a major group like PPR and, specifically, with the Gucci Group. This will be a truly rewarding experience. Our varied and complementary skills are based on common values of excellence. This agreement will mean new synergies and new long-term projects.”
 
Robert Polet, Gucci Group CEO, said: “This is a tremendous opportunity for our brands to be in contact with the greatest watch-making expertise of Sowind. We are convinced that this
agreement will create a number of important synergies for our watch brands and their further development.”
 
About PPR 
PPR develops a portfolio of high-growth global brands. Through its Consumer and Luxury brands, PPR generated sales of EUR 19.8 billion in 2007. The Group is present in 90 countries with approximately 93,000 employees. PPR shares are listed on Euronext Paris (# 121485, PRTP.PA, PPFP).
To explore the universe of PPR brands go to www.ppr.com: Fnac, Redcats Group (La Redoute, Vertbaudet, Somewhere, Cyrillus, Daxon, Ellos, The Sportsman’s Guide, The Golf Warehouse and brands of the plus-size division), Conforama, CFAO, Puma and the Luxury brands of Gucci Group (Gucci, Bottega Veneta, Yves Saint Laurent, YSL Beauté, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney).
 
Sowind Group, the pinnacle of Swiss watchmaking Art
The Sowind Group is a Swiss « Haute Horlogerie » company owned by Luigi Macaluso who has been heading it since 1992.
Based in La Chaux-de-Fonds, the Group incorporates the Girard-Perregaux and JeanRichard brands, a watch « Manufacture » that develops and produces a complete portfolio of high-end movements (more than 100 variations) and collections of mechanical watches.
The Research and Development Centre is the company’s cornerstone, with more than 80 patents and a strong percentage of the firm’s turnover being re-invested in it.
Girard-Perregaux’s roots date back to 1791 and the company history is rich in innovations bringing together design and technology, like the renown Tourbillon with three gold bridges created by Constant Girard in the 19th century.
 Girard-Perregaux is represented globally in 550 prestigious points of sale and several exclusive boutiques, like the one in Gstaad.
JeanRichard is a brand dedicated to Daniel JeanRichard (a pioneer of watchmaking in the Neuchatel region during the 17th century) and presents a daring and innovative interpretation of the codes of traditional Swiss watchmaking.
 
Key Figures:
§ 350 employees
§ An annual production of around 20 000 units
§ Watches with prices ranging from around 6 000 to 500 000 Euros
§ Two unique museums: the Girard-Perregaux museum in Villa Marguerite and the museum dedicated to watchmaking tools and machinery in the Villa JeanRichard.”
 

Follow

Get every new post delivered to your Inbox.

Join 27 other followers