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Watches

Watchmakers’ new battle: the silicon hairspring

Astrid Wendlandt

07/03/22

Most watch lovers know the engineering prowess and marketing power of Rolex, Patek Philippe and Swatch Group’s Omega and Longines. But few are aware that the watch powerhouses are using all their black arts to keep for themselves a technology that has become highly strategic for the industry. They are fighting for what is regarded as the Holy Grail of watch precision and reliability: silicon hairsprings. And the three companies want to prevent rival watch brands from having access to them.

Watches

Watch suppliers combine to survive

Astrid Wendlandt

06/26/22

GENEVA - Mergers and acquisitions in the luxury watches field may be few and far between, since business has never been better and shareholders are not in need of cash. However, consolidation has been gathering pace among watchmakers’ suppliers for the same reason that it has been accelerating among Italian fashion suppliers, Miss Tweed has found out. The Covid-19 pandemic spooked suppliers of fashion and luxury products just as it shook up Swiss providers of mechanical watch components, precision tools and machinery.

Weekly highlights

Week from 2022-06-27 to 2022-07-01

SAINT LAURENT CO-PRODUCES ALMODOVAR FILM

Saint Laurent is co-producing a 30-minute English-language movie by Spanish filmmaker Pedro Almodovar, becoming the latest luxury megabrand to turn itself into a film company. It follows a similar effort by Kering with House of Gucci. The Hollywood blockbuster sponsored by Kering was released last November, around the same time as Haute Couture, a feature-length film with French actress Nathalie Baye about and sponsored by Dior.

CHANEL COMPANY AND FAMILY OFFICE INVEST IN SILK

Chanel and Mousse Partners, the family office run by Charles Heilbronn, half-brother of Chanel owners Alain and Gerard Wertheimer, is stepping up investment in Evolved by Nature, a green chemistry company specializing in enhancing the properties of natural silk.

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Exposition en l'honneur d'Alber Elbaz au Palais Galliera

Miss Tweed's article selection

Watches

Watch out! The boom may not last

Astrid Wendlandt

06/19/22

Despite the war in Ukraine, the resurgence of Covid-19 cases in China and macro-economic concerns, the watch industry is enjoying an unprecedented boom. There are shortages of staff, components and machines as many brands and suppliers were not prepared for the current post-pandemic surge in sales.

Digital

Luxury jumps on the crypto bandwagon

Astrid Wendlandt

06/12/22

Cryptocurrencies are here to stay. There may have been spectacular drops in the value of the Bitcoin, Ether and other virtual currencies in recent months, but they are the future. That is the message Farfetch sent on Friday when it became the first major fashion and luxury marketplace to announce it would accept payments in digital cash.

Lanvin's misery shows no sign of abating

Exclusive Fashion

Exodus of staff at Lanvin. Why?

Astrid Wendlandt

06/05/22

Lanvin has lost dozens of key talent and staff in recent weeks. They are jumping ship from every department, from the couture workshop to finance, and joining rivals such as Hermès, Dior and Chanel, several informed sources told Miss Tweed.

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How luxury conquered the world. The inside story of its pioneers

Author and journalist Astrid Wendlandt conducted a four-year investigation into the secretive world of fashion and luxury involving hundreds of interviews with top executives and designers.

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This book is a compilation of Miss Tweed’s stories during its first year. The digital revolution, the closely guarded secrets of LVMH, Richemont and Kering and the future of watchmaking are among the many topics Miss Tweed covered between the summer of 2020 and the summer of 2021.

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