Tourneau Luxury Watch Stores Lose CEO
Tourneau is the largest chain of watch retailers in the world with their largest store in Las Vegas in the Caesar's Palace Forum Shops, and headquartered in New York City. Like all retail watch stores, Tourneau has been hit hard by the economic slump due to drastically decreased luxury watch demand. On the plus side, they finally started to sell (some) watches online via their website. Notable is the sale of Tag Heuer watches online. Whether or not related to rapidly changing business environment of watch sales that prior to 2000 (or so) was more or less the same for 100 years, Tourneau's CEO of 18 years Howard Levitt will step down at the end of 2009.
His term might end sooner, as he will stick around until the company finds a replacement which might come earlier than the end of the year. Tourneau really became a focal point of luxury watch brands having such a vast presence all over the world, and having so many different brands for sale (which differ by location). Levitt was of course instrumental in that fact. Not sure if he was also responsible for Tourneau's in-house brand of less expensive watches which sort of serve as a consolation item to people who step in to the store not able to afford most of the popular brand watches but still wanting something.
Ariel Adams publishes the luxury watch review site aBlogtoRead.com.