Jean-Claude Biver, the chief executive of Hublot, has some significant things to say about the watch industry, all of which can be summarised as: show them the money.
Admittedly, he’s a watch guy, so he should think that, but he’s put his own money where his mouth is (besides being CEO of Hublot, he’s one of the top 10 watch collectors in the world).
Poor PPR comms team: they walked into our FT Business of Luxury conference this morning and were immediately accosted by gazillions of delegates (ok, that’s an exaggeration, but there were lots) as well as yours truly, wondering whether there was any truth to the rumours being mooted by La Tribune that PPR was getting ready to buy another luxury behemoth like Polo Ralph Lauren, Burberry, or Prada.
They are quick to note they aren’t anthropologists, but nevertheless, charge card giant American Express claims to have discovered an entirely new species of luxury consumer, and they have the data to back it up. Who is this mysterious new breed? Slackers!