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October 25, 2008

Tag Heuer now into luxury hard drives

The October 2008 issue of Wallpaper has an article on the new Tag Heuer’s new luxury phone, Meridiist that reveals a little more about how Tag is currently positioning itself.

In the article, Jean-Christophe Babin, President and CEO of Tag Heuer is quoted to have said that ten years ago, they were “only known for sports watches. Now in ten years time, they’ll be the luxury technology design brand of the 21st century.”

It also reveals that Tag has also launched it’s own hard drives and usb sticks but have limited the launch to just the Japanese market. This, in addition to their limited edition concept car and the luxury phone.

related links

Meridiist Phone
Tag Heuer
Wallpaper

Filed under: Adnan @ 1:25 am , Comments (1)

October 21, 2008

Einstein’s Watch sets Record

The most frenzied bidding at a recent auction at Antiquorum that netted a total of $9.8 million collectively in sale was the for the “Einstein Watch,” a Longines wristwatch that belonged to the world-famous physicist Albert Einstein. The watch sold for $596,000, more than 2,000 percent its estimate, and a world record for both a time-only and a Longines wristwatch.

related links

NJN: Antiquorum auction nets nearly $9.9 million

Filed under: Adnan @ 4:59 am , Comments (0)

October 15, 2008

Jacob goes to jail

It wasn’t long ago when I spotted Jacob Arabov, better known as Jacob the Jeweler at Dubai airport getting on a plane after a recent real estate splurge, and now he’s going to jail for two and a half years. Jacob was convicted of lying to federal agents about owning jewelry seized from a major cocaine trafficker. At his sentencing, he told the judge that he felt ashamed that he broke the law of the country that had been so good to him and his family.

Arabov was also indicted in 2005 for allegedly helping the “Black Mafia Family” and its principals Demetrius and Terry Flenory launder $270 million in drug money. His plea agreement does not require him to testify against other defenders, but he did agree to forfeit $2 million to the government.

In an interview to City Magazine in 2004, he spoke of how he pushed himself to financial success:

“I went to Brazil, I went to Africa, I went to Russia to buy diamonds. Some go to Brazil [only] to the diamond office. I went to the worst places, where it’s dangerous. If you don’t put yourself through tests, you cannot really appreciate this life.”

related links


Jacob & Co
National Jeweler: Jacob the Jeweler sentenced to 30 months in jail
Jacob the Jeweler
Jacob’s New Store

Filed under: Adnan @ 6:07 am , Comments (0)

October 14, 2008

HK08: Michael Young + ODM Rumor


Designer Michael Young

What started out as a short collaboration for an event has now evolved into a full blown relationship. Michael Young who had previously designed the Zen SV27-1 for O.D.M to commemorate the ten year anniversary of the handover of Hong Kong to China is rumored to be designing some more for O.D.M. There is nothing to show yet but stay tuned.


Previous Collaboration: The Zen SV27-1

related links

The Zen SV27-1
Michael Young
O.D.M

Filed under: Adnan @ 11:00 am , Comments (0)

October 12, 2008

Raymond Weil sues Charlize Theron

While on the road to repositioning itself in the marketplace, Raymond Weil caught its $20 million dollar investment, Charlize Theron cheating on them on the red carpet. She was snapped wearing a Montblanc and a Dior at two seperate events and now the Swiss timekeeper has brought in the lawyers to prove she broke her contract by wearing another brand between the agreed period of October 2005 and December 2006.

A great way to gain exposure by signing a large celebrity and then getting your money back if you ask me.

(more…)

Filed under: Adnan @ 3:16 pm , Comments (1)

October 10, 2008

Breil and Kenneth Cole sitting on a tree…

Another company to take advantage of the current economic crisis in the United States is the Italian watch and jewelry company, Binda Group. Binda, who’s stable includes Breil, D&G among others has purchased Advance Watch Co. which is also known publicly as Geneva Watch Group and the license holder for Kenneth Cole, BCBG and others. This deal was made possible because GWG had sold itself to the US private equity fund Heritage Partners who decided it was time to let it go and should allow Binda to firmly establish itself in the American market.

Binda group was established in 1906 and has 3 main business units: watches, jewelry and leather. It produces and distributes its own brands, such as Breil Milano, Breil Tribe, Wyler Geneve and Details, and brands under license such as D&G Time and Jewels, Moschino CheapandChic Watches and Jewels, Ducati and Ducati Corse Watches. It also distributes the brands Seiko, Lorus, Paris Hilton watches in Italy and Glam Rock in Italy, USA and Canada. It is currently headed by the brothers Marcello and Simone Binda, the grandsons of the founders.

On the other hand, Geneva Watch Group has two business units – Status and Advance. Status produces and distributes licensed brands (Kenneth Cole New York, Kenneth Cole Reaction, Tommy Bahama, Betsey Johnson, BCBG Maxazria, Ted Baker London, Mexx and Speedo) and its own brand Freestyle. Advance instead serves major retailing chains in North America.

related links

Geneva Watch Group
Binda Group
Heritage Partners Inc

Filed under: Adnan @ 2:23 am , Comments (0)

October 5, 2008

The complete Ventura Bankruptcy story

Ventura V-Tek Sigma MGS

Earlier today, I posted news that Ventura had gone bankrupt and while it had been news for me, I later learned that it shut down last year in November and little had been written about it except for a few forum posts scattered over the web.

Ventura set itself up for the fall when Pierre Nobs, the self styled design entrepreneur behind the brand decided to forge deeper towards its goal of establishing a luxury digital brand by repositioning the company outside of the 1000-5000 Euro segment. In order to do this, they need capital and so they took on some outside investors. The company’s capital stock was upped from CHF500k to CHF900k, but when sales fell sharply the new investors bailed out and auctioned off the assets. (more…)

Filed under: Adnan @ 3:06 pm , Comments (8)

Confirmed: Ventura No More

Rumor has it that Swiss digital watchmaker, Ventura has gone down like the Zeppelin and filed for bankruptcy. Ventura was known for overpriced luxury digital watches and if there is any truth to the rumors, then I would love to see someone buy the company and make the watches a little more affordable since its price was its achilles heel.

Update: This news has been confirmed. I wonder if Ventura is going to become a collector’s item now. You can purchase one from the remaining stock from here.

related links

Ventura: World’s first Automatic Digital Watch

Ventura’s Creative Sparc

Ventura

Filed under: Adnan @ 12:11 am , Comments (1)

September 28, 2008

The Seiko Line-up


Seiko’s Velatura KDD Yacht

If you’ve been following Seiko for the past few years, you’re probably aware that they’ve decided to go a little high-end, but if you didn’t, the following is what their 2008 collection would look like if they were ever called in for a police line-up.

Velatura Driver Chrono


Velatura Automatic


The Spring Drive


Spring Drive Chrono


Sportura Women


Sportura Honda


Sportura Driver Chrono


The Space Walk


Arctura


Arctura


More Arcturas

 

related links

 

Seiko Watches

Filed under: Adnan @ 12:26 am , Comments (0)

September 24, 2008

Happy Chopard

The Happy Sport Mark by Chopard. Honestly, who comes up with these product names?

related links

Chopard

Filed under: Adnan @ 10:46 pm , Comments (6)

 
    
     
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