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Breitling acquires two-century-old Swiss watchmaker Gallet

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Breitling has acquired Gallet, bringing back from relative obscurity the historic watch brand founded nearly two centuries ago, in 1826.

Breitling acquires Gallet, reviving the legacy of the Swiss watchmaker – Breitling

The move comes 15 months after Breitling acquired Universal Genève in late 2023, reinforcing Breitling’s drive to become a major player and influence in luxury watchmaking.

Known for its precision timekeeping, which is prized by frequent travelers, explorers, and adventurers, Gallet is now positioned as Breitling’s new entry-level luxury watch brand, the company said in a release.

The terms of the acquisition were not revealed.
 
The brand Gallet actually dates back to 1466, when founder Humbertus Gallet began his eponymous clockmaking business, making it arguably the world’s oldest timekeeping marque.

“This acquisition is a logical step in the development of our company,” explained Breitling CEO Georges Kern.

“We are breathing new life into Gallet by drawing on Breitling’s expertise and know-how. Our ambition is clear: to revive Gallet as a leading watch brand while preserving its spirit of adventure and innovation in chronographs,” added Kern.
 
Founded in 1884, Breitling is a leading luxury watchmaker based in Grenchen, Switzerland. In 2017, the Partners Group bought an 80% stake in Breitling for $870 million before acquiring the remaining 20% the following year.

“We have full confidence in Breitling, which is well placed to increase its market share in the luxury watch sector,” says Alfred Gantner, co-founder of Partners Group and president of Breitling. “The acquisition of Gallet is the second key step in strengthening our long-term strategy.”
 
Gallet helped usher in the age of aviation by creating the chronograph that measured the first powered flight in 1903. Piloted by Wilbur and Orville Wright, the Kitty Hawk Flyer covered 259 meters in just 59 seconds. With its timepiece marketed under the name “The Sun,” Gallet made a lasting mark on aviation history.

In 1907, Gallet acquired Société d’Horlogerie Electa and founded Fabrique d’Horlogerie Electa, Gallet & Co. The following years were marked by technical innovations, patents, and international recognition, enabling Gallet to establish itself as a benchmark in precision timekeeping.
 
Thereafter, Gallet continued to focus on the American market, operating mainly as an établisseur—designing watches while supervising their manufacture and assembly in Switzerland.

In the 1970s and 1980s, when the Swiss watch industry was hit by the quartz crisis and the soaring Swiss franc, Gallet, like many other great names, lost some of its splendor.

Now, under the leadership of Breitling, Gallet is poised to embark on a long-awaited renaissance.

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QVC Group names new chief growth officer

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QVC GroupSM, part of QVC Group, announced on Tuesday the appointment of Alex Wellen to the role of president and chief growth officer, QVC Group.

Alex Wellen – Courtesy

In his new role, Wellen will lead QVC Group’s growth strategy across U.S. social selling, streaming, digital (QVC and HSN), new business development, and platform distribution. The executive will oversee a multifunctional team, introduce new capabilities into the organization, and develop and execute plans to drive success and growth at QVC Group.

He will report to David Rawlinson II, president and CEO, QVC Group, according to a press release from the television shopping network.

Wellen brings over 20 years of experience in digital media, product innovation and driving growth strategies within digital businesses across a wide range of sectors. He joins QVC Group from MotorTrend Group, where he served as CEO and president. Prior to that, he has also held strategic senior leadership roles at Turner Broadcasting and CNN Worldwide.

“Alex is a pivotal hire in our strategy to return to top-line growth by becoming a live social shopping company,” said Rawlinson.

“Alex brings an impressive blend of media and digital product expertise to our top leadership team. He has a proven ability to innovate and drive growth through live experiences on social, digital, TV and many other platforms. His unique skill set will be instrumental as we continue to execute our growth strategy, build new capabilities, and compete to win.”

Wellen’s appointment is effective immediately.

“QVC and HSN are the original disruptors. They pioneered storytelling through live shopping, and are poised to transform the experience again across social and digital, connecting consumers whenever and wherever they shop,” said Wellen. “With beloved hosts who are trusted by hundreds of millions of fans worldwide, it’s a privilege to join this iconic brand and world-class team at such a pivotal moment in the convergence of retail and media.”

Earlier this month, QVC Group announced its name change from Qurate Retail, explaining the rebrand incorporates the brand equity of the U.S. company’s largest brand, QVC, and the highlights the firm’s growth strategy to expand into a live social shopping company.
 

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Istituto Marangoni unveils new Paris campus in 16th arrondissement

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Istituto Marangoni, one of fashion’s leading private higher educational groups, on Monday unveiled its new Paris campus, locateds in the tony 16th arrondissement of the city.

Istituto Marangoni Paris – Courtesy

Marangoni, which was previously located in Paris’ 8th arrondissement, first opening there in 2006. Spread over five floors at 15 rue Boissière, the new campus totals 3,000 square meters.
 
There are currently around 700 students though that number will rise quickly. The student population is composed 15% of French people, with pupils coming from over 50 nationalities. Annual tuition is in line with key European fashion schools; and ranges from €20,000 to €30,000.

Originally founded in Milan in 1935 by tailor Giulio Marangoni, as an applied art school training pattern makers and seamstresses, the college grew into an important third level college offering degrees in a fashion, accessories and marketing.
 
The new IM Paris is located in a district rich with cultural landmarks—from Palais Galliera to the Trocadéro to the Museum of Modern Art. Miu Miu’s twice yearly runway shows are staged around the corner, while the nearby Palais de Tokyo hosts dozens of catwalk shows annually.

“We wanted a campus and we created one,” beamed Valerie Levy, COO of Marangoni France & UK, pointing to an elegant grass garden at the center of the new college. 
 
In some savvy management, Levy managed to convince Paris city hall to authorize the college to connect a series of buildings via the central garden.
 
As a result, one enters the college via a cobblestone courtyard, through two linked buildings on the east side. To the west are a long series of just-renovated classrooms; ateliers for pattern making; photo studio and restaurant. To the north an orangerie ideal for exhibitions.
 
An opening display features the graduate show staged last year in the Galliera, including several impressive lace, guipure and crochet assemblages by Franck Bousquet, who has since been hired by Dior. Alongside each of the 10 students displays one found custom-made scents by perfumer Philippine Courtière inspired by their designs.
 
“The new Istituto Marangoni Paris campus offers an unparalleled environment for future creators. Designed to inspire collaboration and experimentation, it stands as a testament to the school’s unwavering dedication to shaping the future of fashion, luxury, and beauty on a global scale. More than just a campus, this new space is set to become a dynamic creative hub—where emerging talents engage with industry leaders, pushing the boundaries of fashion and luxury,” Marangoni added in a release.
 
The Marangoni group has expanded steadily and now includes campuses in London; Florence and Milan, Italy; Miami, USA; Shanghai and Shenzhen in China; Mumbai in India, and most recently in Riyadh, Saudi Arabia.
 
Among Marangoni’s distinguished alumni are Franco Moschino, Domenico Dolce,  Alessandro Sartori, Alessandra Facchinetti, Julie de Libran and Rahul Mishra.
 
Marangoni is part of Galileo Global Education, Europe’s largest for-profit higher education provider, one of whose key shareholders is Téthys Invest, a subsidiary of the Bettencourt Meyers family. This French family’s huge wealth is based on its controlling stake in L’Oréal, the world’s largest cosmetics and perfume companies.

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Michael Kors launches Amazon storefront

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Michael Kors announced on Tuesday the launch of its Amazon storefront, expanding its digital retail presence in the U.S.

Michael Kors launches Amazon storefront. – Michael Kors

The move marks the first time that Michael Kors handbags, ready-to-wear, and accessories will be available directly from the brand through Amazon.

The new storefront immerses shoppers in the brand’s signature jet-set lifestyle, through campaign videos and imagery that transport fans to exotic destinations. An ‘About Us’ page highlights the brand’s history, while behind-the-scenes content and notes from designer Michael Kors add an exclusive touch to the shopping experience.

The Michael Kors Amazon store features dedicated sections for women’s ready-to-wear, handbags, men’s clothing and accessories, footwear, sunglasses, and watches.

To celebrate the launch, designer Michael Kors and actor-musician Suki Waterhouse, who stars in the brand’s newly released Spring 2025 campaign, will host a private dinner for influencers and press at Aman New York.

Michael Kors equally operates digital flagships across North America, Europe and Asia, offering customers a seamless omni-channel experience.

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