Richemont Moves to Disband Specialist Watchmakers Maisons Division

Richemont is reportedly disbanding its Specialist Watchmakers Maisons (SWM) division, which manages several high-profile watch brands. This move, aimed at decentralizing decision-making and enhancing relationships with retail partners, could significantly affect the luxury watch market. Emmanuel Perrin, head of SWM, is set to lead Panerai, signaling a shift towards more brand-specific strategies and market adaptability.

#Richemont, #LuxuryWatches, #WatchIndustry, #BusinessStrategy, #RetailPartnerships, #BrandManagement, #MarketAdaptability