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Richemont Watchmaking Head Joins Breitling

Jul 18, 2017 3:50 AM   By Rapaport News
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RAPAPORT... Timepiece brand Breitling has hired Richemont’s watchmaking chief Georges Kern as CEO.

Kern will focus on developing Breitling’s digital and retail operations, as well as growing the brand in Asian markets, Breitling said in a statement Friday.

Kern will leave Richemont with immediate effect and will step down from the senior executive committee and management committee, the luxury group confirmed. The Geneva-based retailer had named him head of watchmaking, marketing and digital in November last year. He was previously CEO of IWC Schaffhausen, one of Richemont’s watchmaking brands, from 2002 to 2016.

“Georges has been offered an interesting opportunity to become an entrepreneur,” said Richemont chairman Johann Rupert. “He has had a very successful career at IWC Schaffhausen and we wish him well.”

Breitling was acquired by private-equity group CVC Capital Partners in April.

Image: StephZibi 
Tags: Breitling, CVC Capital Partners, Georges Kern, IWC Schaffhausen, Rapaport News, Richemont, watches, watchmaking
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