The New Patek Philippe Twenty~4 7340/1R Perpetual Calendar

Introduced in 1999, the Twenty~4 collection was Patek Philippe’s first dedicated line of feminine timepieces. The original model featured an Art Deco-inspired manchette (cuff) design, but in 2018, the brand unveiled the Twenty~4 Automatic, which is a round-cased iteration powered by an automatic movement. This year, Patek Philippe elevates the collection further by introducing a perpetual calendar complication, marking the collection's debut in the realm of Grand Complications.
Crafted entirely in 18K rose gold, the watch features a 36mm case with a slender profile of just 9.95mm, making it sit gracefully on the wrist. The case is meticulously finished with a combination of polished and brushed surfaces, enhancing its refined aesthetic. Two dial options are available. The Ref. 7340/1R-001 features a silvery opaline dial with a vertical satin finish, evoking the texture of shantung silk that feature irregular texture, while the Ref. 7340/1R-010 presents an olive green sunburst dial for a more contemporary appeal.

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News Frédéric Arnault appointed CEO of the LVMH Watches

Julien Tornare replaced Frédéric in his previous position as CEO of TAG Heuer

06.01.2024

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Frédéric Arnault has been appointed CEO of LVMH Watches, a newly created role that oversees Hublot, Tag Heuer, and Zenith. the luxury conglomerate said in a statement on Friday. His appointment is effective since 1 January and he reports to Stéphane Bianchi, CEO of LVMH’s watches and jewellery division.

Frédéric Arnault

It marks a significant broadening of Arnault’s responsibilities. The 29-year-old son of luxury titan Bernard Arnault joined Tag Heuer in 2017, and became CEO of the watch brand in 2020. At Tag Heuer, he made bold moves, including signing a strategic long-term partnership with Porsche, streamlining the distribution, elevating the positioning notably by introducing higher-end products, featuring lab-grown diamonds on watches, dabbling in NFTs and injecting humour into campaigns. It paid off. According to Morgan Stanley estimates, Tag Heuer sales were CHF 729 million (€784 million) in 2022, up from CHF 682 million (€733 million) in 2021.

Bernard Arnault with Julien Tornare

As part of the division’s management reshuffle, Julien Tornare, CEO of Zenith since 2017, is appointed CEO of Tag Heuer while Benoit De Clerck succeeds Tornare as CEO of Zenith. De Clerck joins from Richemont where he was chief commercial officer of Panerai. Tornare, De Clerck and Ricardo Guadalupe, CEO of Hublot, will all report to Arnault.

2024