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November 1, 2008

A Watch for every Wrist

Jean-Christophe Babin

Jean-Christophe Babin

Jean-Christophe Babin, the CEO of Tag Heuer seems to be modeling himself after Nicholas Hayek aka Mr. Swatch by imitating his signature habit of wearing more than one watch on his wrist.

related links

Tag Heuer

Filed under: Adnan @ 6:28 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)

September 26, 2008

Hayek and the future of the wristwatch industry

nickhayek01sm.jpgSwatch group’s bossman, Nicholas Hayek thinks that Fossil group and other fashion or mid range watches don’t have much of a future. In a recent interview with an Indian newspaper, the wristwatch baron shared his view about which three segments of the wristwatch industry would survive the onslaught of cellphone and the ipod – First, Technology watches that measure everything from your pulse to your location, Second – $1-30 USD cheap watches for the sole purpose of telling time and the high end “Art form” watches which, according to him, are masterpieces where each component is quote unquote handcrafted by the Supreme Masters of Horology and can be compared to such works as those by Picasso or the Monet.

related links

The Hindu: Watches of the Future

Filed under: Adnan @ 12:37 pm , Comments (2)



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