Gucci brand watch business integrated under Gucci leadership
30 Jun '06
2 min read
Luxury goods group Gucci Group NV announced that the Gucci brand watch business managed by Gucci Group Watches Division (GGW) will be integrated under the leadership of the Gucci brand and its CEO Mark Lee.
The integration of the Gucci watch business into the Gucci brand will allow the organization to combine Swiss specific watch expertise in all aspects of this business with the overall brand management skills under a unified strategy. This will promote the successful development of the watch business, with its unique differentiating factors, within the Gucci brand.
Gucci pioneered the fashion watch category in the mid-1970s being a leader ever since. This organizational shift will allow the brand to continue to logically build and strengthen over time this high-potential category, which will maintain its core in Switzerland.
Following these changes, Jacques-Philippe Auriol, CEO of GGW, has decided to leave the company when his contract expires. He will remain in his role until then to help ensure a smooth transition as the integration moves ahead.
Robert Polet, President and CEO of Gucci Group said, "The changes will ensure that all of our luxury timepieces businesses will continue their success and achieve their full potential for development led directly by each brand.”
Gucci Group NV is one of the world's leading multi-brand luxury goods companies. Through the brands Gucci, Yves Saint Laurent, Bottega Veneta, Alexander McQueen, Balenciaga, Bédat & Co, Boucheron, Roger & Gallet, Sergio Rossi, Stella McCartney and YSL Beauté, the Group designs, produces and distributes high-quality personal luxury goods, including ready-to-wear, handbags, luggage, small leather goods, shoes, timepieces, jewellery, ties and scarves, eyewear, perfumes, cosmetics and skincare products.
The Group directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty-free boutiques and leading department and specialty stores. Gucci Group is owned by PPR, a global player in retail and luxury goods.
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