Jaquet Droz President Manuel Emch Resigns
Just as I anticipated, the stream of fallen luxury watch company heads continues. This time it is not from the Richemont Group, but from Swatch Group's boutique luxury brand Jaquet Droz. No one is particularly happy about this news, and I am sure Maunel Emch himself suffered for long enough before calling it quits.
Why the departure? Sources seems to indicate that new company for Swatch Group (acquired in 2000) president struggled with the heavy hand of conservative and old school thinkers who simply could not conceive the needs of the modern watch market landscape. Emch is 37, while the average age of a watch company executive is much older. The poor economy likely resulted in a slew of bitterness and resentment, not to mention oppressive and unnecessary micromanagement when it was undue. Emch is well regarded as the one who made the Jaquet Droz brand as interesting as it is, but I must disagree with the giant plastic glasses. He took some risks, but overall made the brand what it is today. Despite what looked like success for the brand, the pressure on Emch was apparently too much. We can add his name to list of recent watch company casualties. Who will be next?
Via Business Montres (in French).
Ariel Adams publishes the luxury watch review site aBlogtoRead.com.