Tag - LVMH
Last week, Swiss luxury-watch marker TAG Heuer reportedly lost a key person in its sales division to Apple. In an interview with CNBC, LVMH's head of watch brands Jean-Claude Biver confirmed that the company recently lost an executive to the iPhone manufacturer. Sources confirmed that the executive was Vice President of Global Sales and Retail Patrick Pruniaux.
Apple, Google, and Samsung are among the wearable tech developers trying to court help from Swiss watchmakers, says the Financial Times. One of the core targets has been Swatch, the world's biggest watchmaker. "We have been in discussions – not ever initiated by us – with practically all players in smart wearables up until today," says Swatch CEO Nick Hayek. "However, we see no reason why we should enter into any partnership agreement."