The LVMH Watch Week in Miami provides insights into the horological year ahead, with indications of caution and consolidation. Frédéric Arnault is appointed as the CEO of the LVMH watch division, leading to executive changes within the brands.
This year, Miami hosts LVMH Watch Week , the event that gives us the first hint of what to expect from the horological year ahead. To judge from the conversations I had with the bosses of the brands (Hublot, Bulgari, TAG Heuer, Zenith , Genta and Roth), 2024 looks like being a time of “consolidation” – which I take as executive speak for caution in the face of what is set to be a challenging year ahead.
All change at the top table Indeed, the biggest announcement comes not from the watchmaker’s bench but the boardroom table. Frédéric Arnault, LVMH scion and quondam CEO of TAG Heuer, has been upgraded to a new role: CEO of the LVMH watch division. This has initiated a game of executive musical chairs that has seen the energetic and dynamic Julien Tornare move across to head up TAG, creating a vacancy at Zenith, which has been filled by Benoit de Clerck, formerly of Panera
LVMH Watch Week Miami Horological Consolidation CEO Frédéric Arnault TAG Heuer Zenith Executive Changes
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