This search is sponsored by Zenith

Search in :
WorldTempus Newsletter
Newsletter - Consolidation and musical chairs

Newsletter Consolidation and musical chairs

It has been a week of surprise announcements

Starting with the news that Jean-Frédéric Dufour, the current CEO of Zenith, will be taking over the reins at Rolex at some point in the future. There was also further consolidation in the industry as the acquisitive China Haidian group once again made the headlines with an acquisition, this time of Switzerland’s Dreyfuss group, which operates in the medium-range price segment and has aggressive expansion plans abroad, particularly in Asia. Following this takeover, China Haidian now owns a major Swiss company in each of the main price segments. The move also lends further credence to the view expressed by Sowind Group CEO Michele Sofisti, in an interview to be published on WorldTempus tomorrow, that there is “a major battle in the middle segment.”

The appetite for consolidation even extended beyond the realm of the major manufacturers and into the online world, with the Digital Luxury Group acquiring the Luxury Society, the online community of top luxury executives. While takeover rumours abounded during Baselworld, we are only just starting to see the results of the discussions that went on behind closed doors during the show.

Subscribe to our weekly newsletter to get all the watch news right in your mail box.


Watch Finder

Search by:

Find your watch >


Cecil Purnell is devoted solely to the production of tourbillons. The Tourbillon movement represents the epitome of high-end watchmaking expertise. In utmost respect of the epitome in...

Find out more >

Through her life, Gabrielle Chanel embodied strength, character and a fierce desire for independence. Maison CHANEL, avant-garde and constantly innovative, has come down through the decades to...

Find out more >

Glashütte Original is the rightful heir to Germany’s 170 years of legacy in the art of watchmaking. Glashütte Original is an authentic high-end manufactory that outfits all of its watches with...

Find out more >

An elegant, outward-looking philosophy that dates back to the Age of Enlightenment is still at the heart of Jaquet Droz's identity. The fine and rare handcrafts practiced at the company’s workshops...

Find out more >

Based in St. Imier since 1832, Longines has a long tradition in watchmaking, characterised by the elegance of its watches. Using expertise gained as the company has evolved, Longines has gradually...

Find out more >

At the time of the Brand’s creation in 1976, Raymond Weil wanted to bring luxury Swiss watchmaking within the reach of a wider public. This visionary approach, always dear to the three generations,...

Find out more >

Ever since it was founded, Zenith has been cultivating the ability to open up new horizons by assisting with some of the most remarkable human achievements.

Find out more >

Recommended reading