Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
LVMH Appoints Stéphane Bianchi Head of Watches
He replaces Jean-Claude Biver, who stepped down to become non-executive chairman of the watchmaking division.
Paris—LVMH has named Jean-Claude Biver’s replacement.
On Nov. 1, Stéphane Bianchi will become chairman and CEO of LVMH’s Horlogerie Division.
News broke last month that, amid health concerns, Biver was stepping back from his role as head of the watch division, and CEO of TAG Heuer, to become the division’s non-executive chairman. He took on his chairman and CEO roles in 2014 after joining LVMH in 2008.
Biver has worked in the industry for more than 40 years.
Bianchi, on the other hand, is new to watches.
He joins LVMH from the Yves Rocher Group, where he was CEO from 1998 to 2015. There, he managed the Yves Rocher cosmetics brand, as well as Petit Bateau. His most recent role was on the board of family business Maus Group, owner of companies such as Lacoste and Gant.
Next month, he will fill Biver’s shoes to become CEO of TAG Heuer and oversee Hublot and Zenith.
In a press release, LVMH CEO Bernard Arnault said: “I would like to applaud Jean-Claude Biver for the decisive leadership that he has shown in his role at the head of the watchmaking division.
“Since the integration of Hublot within LVMH, he has elevated our watchmaking division to a world- class technical level of the highest order and has significantly accelerated its commercial growth. I am delighted that the group will continue to benefit from Jean-Claude’s advice, and I am sure that his entrepreneurial spirit will bring many innovative new ideas to the world of watchmaking.”
Biver added, “After 45 years in the watch industry and at the dawn of my 70th year, I would like to focus more specifically on advising and sharing my experience. I am grateful to the LVMH Group for according me this honor. Stéphane and Frédéric have my full support for the future. Thank you to all those who accompanied me in my passion and my many successes which, without them, could never have been realized.”
LVMH also announced that Arnault’s son Frédéric has been appointed strategy and digital director of TAG Heuer.
The Latest
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Despite the rising prices, consumers continue to seek out the precious metal.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Sponsored by the Las Vegas Antique Jewelry and Watch Show
Tobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Stars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
The branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
The six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
The highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
The “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.