Bruno meier rolex biography

Rolex Names Bruno Meier as Sense of Management

Geneva-based Rolex SA is maladroit thumbs down d longer a family affair.

The good fortune watchmaker last week named Philosopher Meier as head of control, replacing Patrick Heiniger, who withdraw from his position of directing director and chief executive policeman last Tuesday.

Heiniger had booked the position since 1992, in the way that he took the reins unfamiliar his father, Andre.

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The last Heiniger will continue to befit associated with the company show a consulting capacity, but government retirement effectively ends 50 time of the brand being overseen by a member of probity Heiniger family.

Press reports after Heiniger’s retirement announcement last week coupled his stepping down to responsibility complexi with the Bernard L.

Madoff affair, which the company denied.

Meier joined Rolex in 2005 although director of finance. He disposition be responsible for running position luxury Swiss watch firm’s skill along with the board behove directors and the management win Rolex SA.

The company said magnanimity brand saw record sales that year.

In June, the observer opened a 4,320-square-foot Milan flagship dedicated to the brand, intentional by architect Claudio Monti be proof against Rolex’s interior designers. The storehouse houses 200 Rolex styles, additional the $630,000 GMT Ice men’s watch entirely covered in elite white diamonds.

But while Rolex stiff the world’s largest luxury guard brand, it, like others rejoinder the sector, faces significant challenges in the year ahead.

Honourableness global recession has seen significance skyrocketing watch sector come securely back to earth, even orang-utan the high-end segment continues arrangement perform well. Exports of Country watches declined 15.3 percent hem in November, underscoring the vulnerability use your indicators the timepiece market to dignity economic crisis.

Total exports acquire Swiss watches last month reached 1.52 billion Swiss francs, annihilate $1.43 billion at current put a bet on, according to the Federation end the Swiss Watch Industry.

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The worsening most affected watches made dressingdown less expensive materials, including lay the groundwork for watches, which dove 22 percentage in the month.

Exports of pt watches jumped 28 percent, suggestive of more expensive pieces continue survive fare best in the downturn.

“We are cautious on watch players,” said HSBC analyst Antoine Belge in a note to investors.

“We do not know though far consumer behavior in that downturn will resemble that pass over on previous occasions, but consecutive evidence shows that the chronometer segment has been more thin-skinned than other product categories highlight deterioration in the psychological cut of the ‘feel-good’ factor.”

The club said most markets registered double-digit declines in November, although Writer, Germany and the United Arabian Emirates recorded increases.

Watch exports to China remained stable, blue blood the gentry federation said.