Business News: Richemont's Franco Cologni Ribs LVMH's Jean-Claude Biver For Hosting His Kick-Off Party At The Same Time As Theirs, On Their Old Boat

Business News: Richemont's Franco Cologni Ribs LVMH's Jean-Claude Biver For Hosting His Kick-Off Party At The Same Time As Theirs, On Their Old Boat

What many may not know is that Geneva watch week, which many have taken to calling the multi week of the year in January when all Richemont-possessed brands show their products to writers and retailers, is really not unreasonably old – it was begun in 1991 with only a couple brands displaying. Also, truly, the whole week started as an exertion put on by Richemont and some like-disapproving of produces to help its Salon International de la Haute Horlogerie (SIHH), and keeps on being such to this day. 

But when different watchmakers see a city loaded with columnists, retailers, and gatherers, would you expect them not to attempt to bait some of them away from the SIHH brands? Franck Muller puts on a little act. F.P. Journe holds a question and answer session or two. We’ll every so often see Breguet or Blancpain toss a hoedown one evening. Yet, the most evident exertion made by a competing gathering to take the consideration of those in Geneva toward the beginning of January comes from LVMH and its arrangement of Hublot, TAG Heuer, Zenith, and Bulgari.

…the truth stays that by facilitating his debut get-together on “his” boat on a similar date and simultaneously as the one for SIHH, Jean-Claude Biver shows a particular absence of respectability for a captain…

– Franco Cologni, Richemont Executive

In the past, the gathering would involve a story or two at a midtown lakeside lodging. This year, in any case, Mr. Biver chose to take up home on a boat moored in the lake simply before the Hotel Beau Rivage – the very boat that, as of not long ago, was leased by the 30 brands of the SIHH to have its visitors for after supper drinks each night of the reasonable This is a certain something, yet what’s more is that LVMH facilitated a “Commencement” festivity on this boat at exactly the same time that the SIHH brands facilitated its initial gathering. Also, it didn’t go unnoticed. Truth be told, Mr. Cologni composed an open letter to Mr. Biver on the FHH’s HH Journal blog.

Mr. Cologni’s letter is incredibly exquisite – complete with a Fellini reference – however his goal is clear. Richemont discovered this demonstration disagreeable. He states, “…the reality stays that by facilitating his debut get-together on ‘his’ boat on a similar date and simultaneously as the one for SIHH, Jean-Claude Biver exhibits a particular absence of legitimacy for a captain…”

The reason we figured you should peruse this letter is on the grounds that you so only sometimes see individual reactions from senior administration at these gatherings about senior administration at another. Peruse the full letter from Cologni here .