Everyone, maybe even someone living under a rock, has heard the name Porsche. For most, it will conjure images of the famed 911 sports car. Fewer will think of Porsche Design watches, even though they’ve been produced for more than 40 years.
PORSCHE DESIGN
Now the Porsche family is planning to change that. After many years as a separate company, the maker of watches, sunglasses, apparel and other sports gear was brought fully into the fold with the automaker in 2017, when Porsche obtained the final 35% of shares it hadn’t previously controlled. Now, Porsche Design is a part of the broader Porsche Lifestyle Group, which includes departments that make apparel, car accessories, and collaborations on products like eBikes, surfboards, and skis. And all of these categories will be given higher priority by the automaker as it evolves into the future.
Watches, in particular, will be boosted in production numbers and in store presence. “It just made sense,” says Stefan Buescher, chief executive officer of Porsche Lifestyle Group.
A bit of history: It wasn’t too long after the now-famed designer and Porsche scion Ferdinand Alexander “Butzi” Porsche unveiled the 911 in 1963 that he also began designing watches. His motto was “Form over function,” and in 1972 he founded Porsche Design, an independent studio where he created the first Chronograph 1 watch—famously worn by Mario Andretti when he won the Formula One World Championship in 1978. Versions of the Chronograph 1 were also seen in the 1970s on other famous wrists, including Ralph Lauren’s.
Porsche Design designed all these watches in-house, drawing inspiration from the brand’s automotive heritage. But the watches—from the first all-black Chronograph 1 (released in 1972) to the Titan Chronograph (an all-titanium watch unveiled in 1980), Chronotimer and Sport Chrono Collection—were always manufactured through partnerships with companies such as Orfina, IWC Schaffhausen and Eterna (which Porsche Design also later bought and sold).
Then, in 2017, Porsche Design opted to take control of the manufacture of the watches, using a small factory in Solothurn, Switzerland. And now that it’s been fully united with Porsche AG, leadership says it wants to triple its manufacturing capability. The brand is also working with its first multistate retail partner in America, Watches of Switzerland, and has even brought actor Orlando Bloom on as a brand ambassador for all its lifestyle categories, including watches, eyewear (famously worn by Yoko Ono in the 1980s) and luggage. Bloom is also an ambassador for Porsche cars.
Buescher notes that the manufacturing facility could make only about 3,000 watches annually. “To really bring the brand back, we want to build as many as 8,000 to 9,000 watches a year, and so we needed to invest in a larger space.”
In scouting it out, they found the perfect building: the old Eterna watch factory in Grenchen, Switzerland, where F.A. Porsche had once worked. Since purchasing the factory in early 2024, the company has worked to gut the building and equip it with modern technology. The grand opening will be in the fall. The brand will use movements supplied by existing Swiss manufactures and then modify certain elements, but all the design and assembly will take place in-house.
“It’s all about being in the game again in a big way, being seen as a serious brand that does almost everything in-house,” says Ferdi Porsche, nephew of F.A. Porsche. “Like our cars, we need to focus on functionality and quality. Our design ethos for the watches is the core of what my uncle did, and by focusing on icon watches, we are positioning the brand for the future.”
The most recently released watch, unveiled at a Watches of Switzerland party July 23 at its flagship store in the SoHo neighbourhood of New York, is a perfect example of the return to icons. The Porsche Design Chronograph 1 – 1975 Limited Edition watch is created totally in uncoated titanium- a nod to the uncoated stainless steel watch F.A. Porsche designed in 1975. It marks the final series, a limited edition of only 350 pieces, to be made in the Solothurn workshops.
The dial of the watch reflects the dashboard gauges of the 911 with a matte black background, white SuperLumiNova-coated numerals and indexes, and a bold red stop-seconds hand for the chronograph timing. The automatic flyback chronograph is fitted with a modified Swiss movement and is a COSC-certified chronometer, attesting to its accuracy and durability. It features an engraved case back, is numbered and boasts the engraved signature of F.A. Porsch. The watch sells for 9,650 dollars, midrange for the brand whose timepieces sell for 5,350 dollars to 13,000 dollars.
Buescher says that, despite the brand’s large investment in the new manufacture and the costs to tool up for larger production, the Porsche Design watches will remain at the same affordable retail prices. “I think that 13,000 dollar price is a threshold for us that we won’t pass except for the custom-built watches.”
Bloom, the only Porsche brand ambassador, concurs. “Generationally it’s interesting because it’s still the right price for a serious collector and for an aspiring young collector to work towards,” he says. “When you wear the watch, you feel the same proud feeling as owning the car. If you can’t have the car, you buy the watch. And if you can’t afford the watch, you buy the sunglasses.” The first Porsche item he bought himself at the young age of 14 was a pair of vintage original aviator sunglasses, Bloom says.
Coming on board earlier this year to represent all Porsche pillars, Bloom—a watch collector and Porsche car lover—says the fit was synergistic. “It started with my passion for the cars and the brand. I went to great lengths to build a relationship that I felt was authentic to the brand, taking myself to Stuttgart to build a car that I felt reflected my passion. Once I saw the watches, it continued,” he says, indicating that his Porsche Chrono never comes off his wrist.
“There is something so cool about the feeling of driving the car and seeing the watch on your wrist against the dashboard,” the actor says. “It’s so symbiotic. It’s a timeless design that is running all the way through the family and the brand.”
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.