Filed under: Timepieces / Watches
Well, the brands have fine products, but are about to lose 50 employees between them. Some one out there is bound to get pissed at Gerald and Daniel even though they have no part in this. We go back to Bulgari who is attempting to stay afloat by terminating the employment of 50 out of just 130 employees. Over 40 percent of the work force. There will likely be a consolidation of efforts and less redundancy of roles between Bulgari, Gerald Genta, and Daniel Roth. As the demand for luxury watches is currently low, this makes sense. Even though this is bad news for fans of the brands as well as the employees of the companies (especially those losing their jobs), Bulgari isn't in a significantly worse position than other luxury brands these days.
Via World Tempus (in French).
Ariel Adams publishes the luxury watch review site aBlogtoRead.com.