Article of the week
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.

News Major Executive Changes Announced at Richemont Leadership

Louis Ferla to Lead Cartier, Catherine Rénier to Head Van Cleef & Arpels Starting September 2024

Richemont has announced significant leadership changes. Louis Ferla, currently the CEO of Vacheron Constantin, will succeed Cyrille Vigneron as the CEO of Cartier starting September 1, 2024. On the same date, Catherine Rénier, currently the CEO of Jaeger-LeCoultre, will take over as CEO of Van Cleef & Arpels from Nicolas Bos, who was recently appointed CEO of the Richemont Group, replacing Jérôme Lambert.

Richemont has confirmed that Louis Ferla, the current Chief Executive Officer of Vacheron Constantin, will succeed Cyrille Vigneron as Chief Executive Officer (CEO) of Cartier, effective September 1, 2024. Vigneron, who has led Cartier successfully for eight years, will retire and assume the position of Chairman of Cartier Culture & Philanthropy. He will work with Ferla to ensure a smooth transition.

Louis Ferla

 

Louis Ferla, a French national, joined Richemont in 2001 and has held various positions within the company. He has served as the CEO of Vacheron Constantin since 2017.


Catherine Rénier

In a related announcement, Catherine Rénier, currently the Chief Executive Officer of Jaeger-LeCoultre, will succeed Nicolas Bos as the CEO of Van Cleef & Arpels, effective September 1, 2024. Rénier will report to Bos, who became CEO of Richemont on June 1.

With these changes, Philippe Hermann, the Chief Financial Officer of Jaeger-LeCoultre, will serve as interim CEO until a new CEO is appointed. Richemont has not yet announced who will step in as interim CEO at Vacheron Constantin following Ferla's departure.

Nicolas Bos, Chief Executive Officer

Last week, it was reported by the Financial Times and Bloomberg that Bernard Arnault, the founder of the luxury goods group LVMH, has bought shares in Richemont.

 

For more information, please visit Richemont's official website.


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