The Swiss watchmaker's second collaboration with the Godfather of Streetwear, Hiroshi Fujiwara, has produced a one-of-a-kind chrono, equipped with the Heuer 02 manufacture movement.
The two partners embarked on a very personal journey to create a unique masterpiece: a Rolls-Royce Wraith Black Badge inspired by Franck Muller’s famous Crazy Hours.
Not everyone is happy with the "Swissness" project. Far from it, as swissinfo.ch explains. Currently under discussion by the Swiss parliament, it lays down tougher Swiss Made criteria, stipulating that at least 60% of watches' cost price must be produced in Switzerland, versus the current 50%. Around a quarter of manufacturers of low to mid-range watches have formed a Swiss Made Community of Interests to oppose the proposed revision of the law.
While 2009 took some of the heat off the battle that rages around supplies of watch parts, this was no doubt just a break in the hostilities that are building up between the Swatch Group and its clients. Fighting talk from Nicolas G. Hayek, Chairman of Swatch, and Jean-Christophe Babin, CEO of TAG Heuer.
The year 2009 will go down as a year of crisis in the history of luxury goods companies, all of which experienced sales and margin declines. Leather goods producers (Hermès, LVMH), however, suffered to a lesser degree than watch and jewellery makers (Swatch Group, Richemont, Bulgari). Positive signs already emerged in 4Q09 and continued in 1Q10 (+16,6%) owing to the easier comparison base.
Counterfeiting has grown to unprecedented proportions. Global trade in counterfeit goods could go from $5.5 billion in 1982 to almost $600 billion in 2010, equivalent to 10% of world trade according to the former French budget minister Eric Woerth.
Vianney Halter, founder of Janvier Manufacture, came to this year's Baselworld with no new products but the same deep-seated conviction that watch "creators" should have their say, even if people don't like what they hear. Interview.
After numerous collaborations, Peter Speake-Marin has decided to work for himself. The result is the Marin 1, driven by the Calibre SM2. The first movement to be entirely designed and made by Speake-Marin, it will be the starting point for future complication models.