Thursday, 26 June 2014

Fossil Looks Good To Go

Suravi Thacker

Fossil (FOSL), one of the leading watch and accessory provider, posted its quarterly results recently which beat the Street’s expectations. However, its share price was punished since the company’s next quarter outlook failed to please investors.

The numbers

Driven by higher demand for watches, revenue surged 14% over last year, clocking in at $776.5 million. The top line was driven by growing sales across the categories with the watch category growing 17%, over the prior year. Growth in watch sales is a key driver for Fossil’s growth since it makes almost 77% of the watch maker’s total revenue. However, leather business was a laggard with a slight decrease in sales.

Going by the segments, both wholesale and direct-to-consumer segment performed well. On a constant currency basis, revenue for the wholesale segment grew 12.8% and from that of direct-to-consumer segment rose 18% as the company continued to expand its wings globally.

A concern for the watch retailer was declining mall traffic in the U.S. which hampered the overall sales. As a result, same store sales dropped by 2.4% during the period. Nonetheless, the company managed to register a jump in its earnings to $1.22 per share as compared to $1.10 per share last year. Also, gross margin stood at 57.1%, an expansion of 150 basis points, as sales of higher margin products increased.

What next? 

In order to attract more customers, Fossil plans to ramp up its marketing efforts. It will be expanding its presence on social media along with its print campaigns.

Also, the company plans to expand its footprint in the emerging markets such as Europe and Asia Pacific. Since sales in the U.S. have been declining, it is important for the retailer to branch out on a global basis, where demand has been on the rise.

Moreover, the watch maker recently announced that it will introduce a new line of Android wear. This new range of clothing will be launched in collaboration with Google. It will be interesting to see how this new product resonates with customers.

However, the company’s weak outlook was something which disheartened the investors. For the second quarter, revenue is expected to grow between the range of 8% and 9.5% along with earnings of $0.90 per share to $0.97 per share. On the other hand, analysts were expecting earnings of $1.16 per share and top line of $773.4 million, an increase of 9.5%.

Foolish thoughts

Fossil has a wide variety of items in its product portfolio, including apparel, jewelry, wallets and belts apart from watches, which lures customers. Moreover, watches have been one of the key strengths of the retailer, which ranges from as low as $7 and goes up to as much as $2,000 per watch. It caters to customers of all categories. Therefore, its growing top line is obvious. Additionally, it has been able to keep up with the competitive pressures and continues to expand its footprint. Its strategic initiatives look interesting and should be fruitful in the long run. Hence, prudent investors should take note of this watch maker.




BigTimeUK.com

Russians Shopping Less as Ruble Drops Hit Rolex-Selling Airports

Airports Take Retail Hit on Sliding Ruble
The spending slump comes as airports make shopping a key component of profit generation. Photographer: Mario Proenca/Bloomberg



European airports are suffering from a slump in retail sales that typically deliver two-thirds of profit at major hubs as a sliding ruble curbs spending of Russians who can spend four times as much as the average traveler. 

The Ukraine crisis and strength of the euro, pound and Swiss franc against emerging-market currencies has hit retail sales at hubs from London to Frankfurt, with the squeeze worst at airports in the two countries at the center of the conflict. 

“We’re feeling the impact,” said Pierre Viarnaud, head of Russian operations at Hamburg-based Gebr. Heinemann SE & Co., which operates 230 shops at 61 airports. “In Moscow, we have a significant drop in spend per passenger. In Kiev, it’s even more dramatic, almost 50 percent lower than last year.”
Russians are staying at home or limiting spending when they do travel after the ruble hit a record low of 51 to the euro on March 14, two days ahead of the Crimea’s vote for rule from Moscow. The Ukrainian hryvnia has slid 30 percent against the single currency this year. 

The spending slump comes as airports make shopping a key component of profit generation, with London Heathrow’s expanded Terminal 2, which opened June 4, housing 33 retailers including Burberry and Mulberry luxury goods outlets and the first John Lewis department store at Europe’s No. 1 hub. Fraport AG, which runs the Frankfurt airport, meanwhile aims to lift retail revenue per passenger to 4 euros this year from 3.60 euros in 2013.

‘Voracious’

Russian travelers, who also flew less during the Winter Olympics in Sochi, have “voracious appetites for European luxury goods,” said HSBC aviation analyst Andrew Lobbenberg, adding that heavily-retailed airport offerings produce particularly “handsome” profit margins.
At Frankfurt airport, Europe’s third-largest hub, Russians spend almost four times the average on shopping, Fraport board member Anke Giesen said at an Airports Council International conference in the city on June 18. By contrast, local German travelers have a budget that’s less than a third of the average. 

Fraport is especially exposed because it owns stakes in St. Petersburg airport in Russia’s second-city, as well as bases in Antalya on Turkey’s Mediterranean coast and Burgas and Varna on the Black Sea in Bulgaria, which are popular holiday destinations for Russians, JP Morgan (JPM:US) said in an April 1 report.

Jewelry, Watches

Fraport’s retail and real-estate businesses have created 600 million euros ($814 million) in value in the past six years, measured as operating profit less capital costs, its annual reports show. The aviation and ground-handling units destroyed 723 million euros in value over the same period.
Vienna Airport, which has built a business model around flights to Russia and former Soviet states, blamed the ruble’s “massive devaluation” for depressing first-quarter revenue. 

“We see ourselves as the gateway to the east, and that in a way is also our weakness,” Chief Operating Officer Julian Jaeger said. 

Flughafen Zuerich AG (FHZN), which has almost tripled shopping space in the past 12 years, is seeing sales of jewelry and watches come under pressure, according to spokeswoman Sonja Zoechling, who says Russians are “very reluctant to shop.” Switzerland is home to luxury watchmakers including Rolex, Omega and Breitling, which all have airport sales outlets.

Reduced Timetable

Among major hubs, Aeroports de Paris, whose Charles de Gaulle is Europe’s second busiest, said exchange rates curbed sales at terminal shops in the first quarter, even as traffic grew on routes to China and Russia -- the latter accounting for as much as 7 percent of retail sales, according to JPMorgan. 

ADP’s retail and services arm last year generated two-thirds of group operating profit, with every other euro spent adding to earnings, versus one in 20 at the aviation business. 

Deutsche Lufthansa AG, Europe’s second-largest airline, has reacted to the Ukraine crisis by reducing frequencies to Odessa from Munich and suspending the Donetsk route through July. Its Austrian Airlines unit is curbing frequencies to Kiev, Kharkiv and Dnepropetrovsk. 

Looming large for airport retailers is the prospect of a double currency hit after the Chinese yuan traded at 8.72 to the euro on May 8, the weakest in 2 1/2 years. 

Travelers from the world’s second-largest economy spend 5.4 times more than the average, according to Fraport figures -- ahead even of the Russians.
To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net 

To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.net Christopher Jasper 


BigTimeUK.com

Swatch’s Sistem51 collection makes regional debut

Dubai: Global watchmaker Swatch launched the Sistem51 collection for the first time in the region in Dubai on Tuesday. 


The colourful collection of automatic watches, targeted at men and women, are priced at Dh540. Currently, the watches are sold at Mall of the Emirates, but starting from Sunday, they will be available at The Dubai Mall, Deira City Centre, Ibn Battuta Mall and Marina Mall.

The collection was launched globally in Switzerland last year. 


Swatch is one of the brands in Rivoli Group’s portfolio. The watchmaker raised its stake in the Dubai-based retail group by 18 per cent to 58 per cent last year, taking over Rivoli’s outlets. Rivoli is an importer and distributor of luxury products from watches to leather goods in the UAE, Oman, Qatar and Bahrain, according to its website.

Swatch, the world’s largest watch group, makes Omega, Longines and Tissot watches, as well as Swatch-branded watches. 

News Source 


 
BigTimeUK.com

Wednesday, 25 June 2014

Luxury Watches on YouTube: How Brand Videos Influence Fan Videos

- Contributor 

YouTube is just kid's stuff, right? You're not going to find adult men on YouTube doing things like looking at luxury products there, surely? Well, think again. Men in their 30s and 40s are indeed on YouTube to watch certain videos. One of the things they want to watch is… well, watches.

We looked at the YouTube footprint of seven luxury men's watches: Audemars Piguet, Blancpain, IWC, Jaeger-Le Coultre, Patek Philippe, Rolex and Vacheron Constantin. We found that like other successful YouTube brands, high rates of social actions correlated highly with community-created videos.


Watching Men's Watches on YouTube

Of the seven luxury watch brands we looked at, the three led in YouTube engagement were, in order:
  1. Patek Philippe
  2. Rolex
  3. Blancpain
To reach our conclusions, we began by looking at the average social actions per viewer on videos created by each brand. While Rolex had many more views on its channel with 1.6 million than the other two (Blancpain at 109,000 and Patek Philippe at 72,000) it was Patek Philippe which led on owned media social actions. Social actions, in this study, relates to any like, comment, share or tweet on YouTube, Facebook or Twitter.

Patek Philippe had a remarkable 6.4% social actions per YouTube view, followed by Blancpain at 3.9% and Rolex at 3.8%. These were significantly higher than the other four brands.

Earned Media and Luxury Watches

Then we looked at the earned media social actions of these brands. In this case, we define earned media as YouTube videos created by fans, retailers or product reviewers. We found that these same three brands remained in the top three of our seven brands. For these independently created videos, Rolex had 1.6% social actions per video view, Blancpain had 1.1% and Patek Philippe had 1.0%.
This correlation continued further. The videos which fans were most interested in sharing and liking on both brand-created and fan-created videos corresponded with percentage of overall YouTube footprint from fans. Of all video views about Patek Philippe, 98.5% were of videos created by fans, retailers and reviewers. For Rolex, 98.1% of views were of videos created by the community. For Blancpain, 91.3% of viewers were created not by the brand itself, but by other YouTube channels.

So we can conclude that for luxury watches on YouTube, there is a high correlation between social actions on owned media videos and earned media videos, and these rankings correspond to high numbers of videos created by the YouTube community about these brands.

Let's take a look at the earned media stats for each brand by views. First, Patek Philippe:

Luxury Watches on YouTube: How Brand Videos Influence Fan VideosBlancpain:
Luxury Watches on YouTube: How Brand Videos Influence Fan Videos
And Rolex
Luxury Watches on YouTube: How Brand Videos Influence Fan Videos

Compelling Content Leads to Higher Social Actions

Unfortunately, just because these numbers correlate doesn't tell us the reasons behind it. But from experience at Octoly, we've found that when brands in any category create videos that resonate with a segment of the YouTube audience, they correlate with higher social actions and amplified share of voice through community-created videos. In addition, a highly-targeted Adwords for Video campaign can further call attention to branded videos, enhancing the brand among its community of users and fans.

News Source



BigTimeUK.com

Italian explorer wins €41k Rolex prize

An Italian explorer has won 50,000 Swiss francs (€41,000) to fund expeditions in South America, one of five winners of the 2014 Rolex Awards for Enterprise.


Francesco Sauro's work explores the table-top mountains on the Brazil-Venezuela border. Photo: Rolex Awards/Stefan Walter

Geologist Francesco Sauro, 29, was named as a winner on Tuesday at the Royal Society, the UK’s national academy of science.

He was one of five “young visionaries” awarded the prize, for their work to “improve the well-being of the community and the environment, as well as to advance scientific knowledge,” Rolex said in a statement.

Sauro beat off competition from 1,800 applicants to wins funds to advance his exploration of the mountains and caves of South America.

The Italian’s research focuses on the table-top mountains on the Brazil-Venezuela border, known as the tepuis, described by Sauro as “a kind of lost world”.

Over the past five years he has led five expeditions to the area, as part of the Italian association, La Venta, in coordination with a team of Venezuelan explorers. Sauro’s trips into the mountains have led him to discover new animal species and a new mineral in the cave, Rolex said.

The prize money will be used to fund further expeditions in the region over the next three years, with the aim of collecting more data.

Sauro said the research will offer “insights into the evolution of landscape and life in central South America after the opening of the Atlantic Ocean 100 million years ago.”

His work is so otherworldly that the European Space Agency (ESA) asked him to work on its training programme, taking astronauts into caves to help them cope with the extreme environments they will encounter in space. 

The Local (rosie.scammell@thelocal.com)  


BigTimeUK.com

Style deemed critical factor for smartwatch success

Style will be a critical factor in the success or failure of upcoming smartwatches from the likes of Apple (NASDAQ:AAPL), LG and Motorola, a new survey shows.
Piper Jaffray on Tuesday released the results of a survey of nearly 100 well-heeled consumers in North America that was conducted over the past month. The respondents were asked for their opinions and preferences regarding watches and wearable devices. The average respondent was 32 years old with an annual household income of $130,000.

Of those surveyed, 75% own a watch. They own an average of 2.4 watches. By contrast, just 18% of respondents said they own a fitness band.

A woman wears a bright-colored Fitbit activity tracker.
A woman wears a bright-colored Fitbit activity tracker. 
The most important factor when purchasing a watch is style, followed by price, the survey revealed.

Fossil (NASDAQ:FOSL) is the No. 1 preferred watch brand overall, with 13% share, followed by Michael Kors (NYSE:KORS) at 10%. When split by gender, Timex is the No. 1 watch brand for men and Fossil and Michael Kors tied for first with women.

Most watch owners (65%) buy new watches every four years or sooner, Piper Jaffray said. A lot of the purchase behavior is dictated by fashion trends, the investment bank said.

"We believe we have been in a gold/rose gold cycle for the last three years," Piper Jaffray analysts Erinn Murphy and Gene Munster wrote. "As such, we would expect fashion-oriented watch purchases in the coming quarters, particularly given the up-and-coming trends including double leather bands, colored faces and silver/stainless steel tones."

Meanwhile, in the activity tracker market, the No. 1 fitness band maker in the survey was Fitbit with 50% market share. Jawbone was in second with 17% market share, followed by Garmin (NASDAQ:GRMN) with 11%.

Of those who own a fitness band, 56% state they wear it daily. Among current nonowners, 18% intend to purchase a fitness band within the next year.
When asked whether they would buy a $350 Apple iWatch, 14% of respondents said yes. That's up from 12% in an October survey by Piper Jaffray.

Communication/multimedia alerts ranked as the most important feature when purchasing a smartwatch, slightly edging out fitness tracking, Piper Jaffray said. "To us, the high ranking of fitness tracking indicates that consumers are favorable to smartwatch and fitness band convergence," Murphy and Munster wrote.

Fitness bands, smartwatches and other wearable devices are expected to be a big topic of conversation at the Google I/O conference in San Francisco. The two-day Google (NASDAQ:GOOGL) conference starts Wednesday. Google is expected to talk about its Android Wear software for wearable devices and Google Fit app for health and fitness tracking.


BigTimeUK.com

Tuesday, 24 June 2014

RAYMOND WEIL Celebrates in Style at the London Music Awards in Benefit of the Mayor's Music Fund

LONDON, UNITED KINGDOM--(Marketwired - Jun 12, 2014)
 
RAYMOND WEIL, Luxury Swiss watchmaker, last night joined forces with The Mayor of London, Boris Johnson to host an inaugural fundraiser, the London Music Awards, a glittering celebration of the capital's musical talent that was held at the London's iconic music venue - the Roundhouse, Camden. 

Hosted by Mayor Boris Johnson, the RAYMOND WEIL sponsored event recognized the achievements of London's aspiring young musicians, its rising stars and legendary performers from all genres of music. 

A host of stars and music industry insiders attended the sell-out event that was organized in a partnership between the Mayor of London and RAYMOND WEIL to raise money for the Mayor's Music Fund. The money raised last night will ensure the future development of the Capital's aspiring musicians for years to come. In just two years, the charity has given out grants worth £1.3m, benefiting over 14,000 young musicians. 

Jazzie B, founder of chart topping dance music pioneers Soul II Soul, received the London Legend accolade, Sir Antonio Pappano, Music Director of the Royal Opera and The Orchestra of the Academia Nazionale di Santa Cecilia, was recognized for his Exceptional Contribution to Music and Lord Lloyd Webber was awarded in the Individual Philanthropy category. 

London's eclectic music scene was reflected in the diversity of the award winners. 26 year-old Kimberley Anne from Bromley won Young Composer/ Songwriter (sponsored by RPS for Music) for her acoustically based indie sound and the raw passion of her homemade instruments built in her bedroom studio. Lewisham-based Femme, 24 took the RAYMOND WEIL Rising Star award, thanks to her Debbie Harry inspired pop hooks and bright productions. The undiscovered Talent award sponsored by Live Nation when to Natalie Shay who, at just 15 years old and studying for her GCSEs at the BRIT School, has caused a stir with her live sets across the capital. 

The Mayor of London Boris Johnson says "I am immensely proud of the work that the Mayor's Music Fund is doing and has done this evening. To reach so many young people in such a small space of time is a colossal achievement. The London Music Awards with RAYMOND WEIL are more than celebrating the success of the award winners and it is more than a fundraiser, it is an opportunity to rejoice in London's fabulous musical achievements and to inspire budding musicians across the city."

Further awards were presented to Daniel Aidoo, James Lynch, Charles Campbell-Peak and Bishal Debnath, who won the Outstanding Mayor's Music Scholars award, a category sponsored by ABRSM (Associated Board of the Royal Schools of Music) and were also recognized in the corporate philanthropy category alongside Brass Tracks, a collaboration between the boroughs of Hounslow and Sutton and Zone One Brass. The final award was for Best Live Music Venue, which was voted for by Time Out readers and won by Union Chapel in Islington. 

"We are absolutely thrilled with this evening's London Music Awards. For RAYMOND WEIL to be able to assist with creating such a unique platform that not only raised a substantial amount of money for the Mayor's Music Fund but also to develop a partnership that heightens awareness of the diversity of the musical talent in London is just so rewarding for everyone involved in the Capital's music scene" - Says Craig Leach, UK CEO - RAYMOND WEIL

The London Music Awards are being organized to raise money for the Mayor's Music Fund, which develops the skills of talented children across the capital. Funds raised are spent on lessons and instruments, as well as giving recipients exposure to other musicians and the opportunity to perform with bands and orchestras. 

RAYMOND WEIL's involvement with the London Music Awards stems from years of support for the music industry. As the brand that has always had music at its heart, RAYMOND WEIL continues to collaborate with the music industry's emerging talents, most prestigious artists, music awards ceremonies and music based charities. 

BigTimeUK.com

Juicy Couture Is Closing All U.S. Stores


It’s the long overdue end of an era. The California-based brand that has outfitted everyone from the Jersey shore cast members to Malibu housewives (and almost every female on The O.C.) in terrycloth tracksuits during the early aughts is finally shutting its doors across the United States. Over 60 stores will remain open internationally, and its products will continue to be sold at large retailers. Meanwhile, the brand’s founders, Pamela Skaist-Levy and Gela Nash-Taylor, are in the works to launch a new, fresher label. 


BigTimeUK.com

Seiko: Limited Novak Djokovic Astron GPS Solar Chronograph edition

— When Novak Djokovic arrives in Wimbledon this week, he will simply have to press a button on his Seiko Astron GPS Solar Chronograph for the time to automatically adjust to British Summer Time.




The new solar-powered chronograph calibre in Djokovic’s Astron model was launched at Baselworld earlier this year and can adjust to every time zone on earth at the touch of a button. Seiko has even estimated at 60 the number of times Novak Djokovic would have to adjust the time zone on his watch, based on his 2014 travel schedule, so a watch that does this automatically has a considerable practical use for the tennis star.


 
Seiko Astron GPS Solar Chronograph Novak Djokovic limited edition © Seiko
 
Other features that the 8X82 calibre movement offers are a 6-hour chronograph accurate to 1/5th of a second, a perpetual calendar programmed up to the year 2100 and water resistance to 10 bar.



The signed case back of the Seiko Astron GPS Solar Chronograph Novak Djokovic limited edition. © Seiko
 
To coincide with this year’s Wimbledon tournament, Seiko has announced a new limited Novak Djokovic edition of the Astron GPS Solar Chronograph that will be available in stores from November this year. The new model has a rose-gold toned steel case with a black ceramic bezel and a case back engraved with the tennis star’s signature and name. It is a limited edition of 2,500.

WorldTempus © 2014  



BigTimeUK.com

Apple, Google, Samsung vie to bring blood sugar apps to wearables

Christina Farr

For your health: Samsung's Gear 2 smartwatch and Gear Fit band.
For your health: Samsung's Gear 2 smartwatch and Gear Fit band. Photo: Reuters

For decades, medical technology firms have searched for ways to let diabetics check blood sugar easily, with scant success. Now, the world's largest mobile technology firms are getting in on the act.

Apple, Samsung and Google, searching for applications that could turn nascent wearable technology like smartwatches and bracelets from curiosities into must-have items, have set their sights on monitoring blood sugar, people familiar with the plans say.

These firms were variously hiring medical scientists and engineers, asking US regulators about oversight and developing glucose-measuring features in future wearable devices, the sources said.

The first round of technology may be limited, but eventually the companies could compete in a global blood-sugar tracking market worth over $US12 billion ($12.7 billion) by 2017, according to research firm GlobalData.

Diabetes afflicts 29 million Americans and cost the US economy some $US245 billion in 2012, a 41 per cent rise in five years. Many diabetics prick their fingers as much as 10 times daily in order to check levels of glucose.

Non-invasive technology could take many forms. Electricity or ultrasound could pull glucose through the skin for measurement, for instance, or a light could be shined through the skin so that a spectroscope could measure for indications of glucose.

"All the biggies want glucose on their phone," said John Smith, former chief scientific officer of Johnson & Johnson's LifeScan, which makes blood glucose monitoring supplies. "Get it right, and there's an enormous payoff."

Apple, Google and Samsung declined to comment, but Courtney Lias, director at the US Food and Drug Administration's chemistry and toxicology devices division, said a marriage between mobile devices and glucose-sensing was "made in heaven".
In a December meeting with Apple executives, the FDA described how it may regulate a glucometer that measures blood sugar, according to an FDA summary of the discussion.

Such a device could avoid regulation if used for nutrition, but if marketed to diabetics, it likely would be regulated as a medical device, according to the summary, first reported by the Apple Toolbox blog.

The tech companies are likely to start by focusing on non-medical applications, such as fitness and education.

Even an educational device would need a breakthrough from current technology, though, and some in the medical industry say the tech firms, new to the medical world, don't understand the core challenges.

"There is a cemetery full of efforts" to measure glucose in a non-invasive way, said DexCom chief executive Terrance Gregg, whose firm is known for minimally invasive techniques. To succeed would require "several hundred million dollars or even a billion dollars", he said.

Silicon Valley is already opening its vast wallet.

Medtronic senior vice-president of medicine and technology Stephen Oesterle said he considered Google to be the medical device firm's next great rival, thanks to its funding for research and development.

"We spend $US1.5 billion a year on R&D at Medtronic – and it's mostly D," he told a recent conference. "Google is spending $US8 billion a year on R&D and, as far as I can tell, it's mostly R."

Google has been public about some of its plans: it has developed a "smart" contact lens that measures glucose. In a blog post detailing plans for its smart contact lens, Google described an LED system that could warn of high or low blood sugar by flashing tiny lights. It recently said it was looking for partners to bring the lens to market.

The device, which uses tiny chips and sensors that resemble bits of glitter to measure glucose levels in tears, is expected to be years away from commercial development, and sceptics wonder if it will ever be ready.

Previous attempts at accurate non-invasive measurement have been foiled by body movement, and fluctuations in hydration and temperature. Tears also have lower concentrations of glucose, which are harder to track.

But the Life Sciences team in charge of the lens and other related research is housed at the Google X facility, where it works on breakthroughs such as the self-driving car, a former employee who requested anonymity said.

Apple's efforts centre on its iWatch, which is on track to ship in October, three sources at leading supply chain firms report. It is not clear whether the initial release will incorporate glucose-tracking sensors.

Still, Apple has poached executives and bio-sensor engineers from such medical technology firms as Masimo Corp, Vital Connect, and the now-defunct glucose monitoring start-up C8 Medisensors.

"It has scooped up many of the most talented people with glucose-sensing expertise," said George Palikaras, CEO of Mediwise, a start-up that hopes to measure blood sugar levels beneath the skin's surface by transmitting radio waves through a section of the human body.

The tech companies were also drawing mainstream interest to the field, he said. "When Google announced its smart contact lens, that was one of the best days of my career. We started getting a tonne of emails," Mr Palikaras said.

Samsung was among the first tech companies to produce a smartwatch, which failed to catch on widely. It since has introduced a platform for mobile health, called Simband, which could be used on smart wristbands and other mobile devices.

Samsung is looking for partners and will allow developers to try out different sensors and software. One Samsung employee, who declined to be named, said the company expects to foster non-invasive glucose monitoring.

Sources said Samsung was working with start-ups to implement a "traffic light" system in future Galaxy Gear smartwatches that flashes blood-sugar warnings.
Samsung Ventures has made several investments, including in Glooko, a start-up that helps physicians access their patients' glucose readings, and in an Israeli glucose monitoring start-up through its $US50 million Digital Health Fund.

Ted Driscoll, a health investor with Claremont Creek Ventures, said he had heard pitches from potentially promising glucose monitoring start-ups, over a dozen in recent memory.

Software developers say they hope to incorporate blood glucose data into health apps, which is of particular interest to athletes and health-conscious users.
"We're paying close attention to research around how sugar impacts weight loss," MyFitnessPal co-founder Mike Lee said.

After decades of false starts, many medical scientists are confident about a breakthrough on glucose monitoring. Processing power allows quick testing of complex ideas, and the miniaturisation of sensors, the low cost of electronics, and the rapid proliferation of mobile devices have given rise to new opportunities.

One optimist is Jay Subhash, a recently departed senior product manager for Samsung Electronics. "I wouldn't be at all surprised to see it one of these days," he said.

Reuters


BigTimeUK.com

Withings Activité is the Rolex of Wearables



Withings may have just shown everyone who is boss when it comes to smart timepieces. But first we need to give credit where it’s due – to that effect, Withings has been in the “smart” game for some time now. They were actually creating smart health devices before there was Fitbit and every other Joe fitness tracker device. Withings introduced smart scales and fitness apps all the way back in 2009!

Well Withings is back, not that they ever went away, and they have just debuted the fashion-forward activity tracker Withings Activité. Nina Garcia was on hand in New York City to help Withings debut this new life accessory – which is apropos given her background in fashion and design. Withings Activité is a luxurious Swiss analogue watch. In a word, it’s simply stunning.

That said, we will acknowledge that the watch does look very similar to the Moto 360. In any case, the watchcase is made of stainless steel with unbreakable sapphire glass which also boasts touch screen features to navigate between modes. The leather strap is similar to something you might find at Hermes and is both interchangeable and includes an additional band that is plastic for more outdoorsy activities.


BigTimeUK.com

Sunday, 22 June 2014

Tommy Hilfiger store opens in Jeddah



The Tommy Hilfiger Group, which is wholly owned by PVH Corp., has announced the opening of the fourth Tommy Hilfiger store in Jeddah.

Located in the Mall of Arabia, described as one of the city’s largest and most prestigious shopping malls, it is the latest addition to a growing portfolio of Tommy Hilfiger locations worldwide. The store is operated by Apparel Group, franchise partner of Tommy Hilfiger in the GCC.

The Mall of Arabia store showcases the latest Tommy Hilfiger collections, including men’s sportswear, women’s sportswear, Hilfiger Denim, tailored, childrenswear and accessories. The 420 square meter (4,520 square foot) interior is designed to reflect the mix of classic and modern influences that epitomize Tommy Hilfiger’s preppy heritage. American antiques, vintage fixtures, and custom artwork throughout the space reflect the brand’s "classic, American, cool spirit."

The fall/winter 2013 Tommy Hilfiger sportswear collection reinvents American classics with clean lines, bold colors and rich textures, inspired by collegiate traditions and the preppy, Ivy League look at the heart of the brand’s signature style.

The Hilfiger Denim collection celebrates a mix of collegiate homecoming and the great outdoors, combining nostalgic looks with the edgy, youthful Hilfiger Denim twist. 

There are over 1,200 Tommy Hilfiger stores in over 90 countries worldwide, including global flagships at seven locations - Fifth Avenue, New York (September 2009); the Champs-Elysees, Paris (November 2010); Brompton Road, London (August 2011); Omotesando, Tokyo (April 2012); Regent Street, London (November 2012); Robertson Boulevard, Los Angeles (February 2013); and Schadowstraße, Dusseldorf (August 2013).

Anchor stores are located in Amsterdam, Beijing, Berlin, Bogota, Buenos Aires, Cannes, Cologne, Dublin, Florence, Frankfurt, Hamburg, Helsinki, Hong Kong, Istanbul, London, Luxembourg, Madrid, Mexico City, Miami, Montreal, Moscow, Mumbai, Munich, New York, Osaka, Panama City, Santiago, Sao Paulo, Seoul, Shanghai, Singapore, Sydney, Vancouver, Vienna, and Zurich.

 
BigTimeUK.com

Saturday, 21 June 2014

The World’s Most Expensive Watches

1 – Priceless – Joaillerie 101 Manchette

This glamourous watch is the latest in the Joallerie 101 series from  Jaeger-LeCoultre, the 101 Manchette. The watch, which looks more like a bracelet, is made up of a series of polish and diamond-set squares (a jewellery puzzle). And oh yeah, there is a watch there too, one that uses the mechanical manually wound Jaeger-LeCoultre Calibre 101 movement. The watch has a silver-colored dial with a sapphire crystal and a winding crown on the case back. The watch is available set with 576 diamonds or with 400 diamonds and 11 onyx cabochons.

 

2– $25 million – 201-carat Chopard

“Time is money”, nothing explains that better than this 201-Carat Chopard watch-bracelet and yes that’s 201-carat of diamonds, the watch-bracelet comes with a trio of heart-shape diamonds, a 15-carat pink diamond, 12-carat blue diamond and an 11 carat white diamond, all of which open with a spring-loaded mechanism. Wait there’s more, to top it all of just add 600 yellow diamonds sprinkled alongside 91 or so colorless diamonds. They are set in a bracelet encrusted with clusters of white pear-shaped diamonds arrange in flower motifs, with a yellow diamond standing up from the center of each. The watch has a spring-loaded mechanism which, when pressed, allows the three heart shapes to mechanically open up. What a timeless piece, diamonds are forever! Oh did I mention it will ONLY set you back $25 million?

 

3 – $11 million – Patek Phillipe’s Supercomplication

Patek Phillipe’s Super complication is also super expensive. The yellow-gold watch has two faces and 24 complications and was bought at a Sotheby’s auction for a little over $11 million. It was created in 1932 for New York banker Henry Graves, Jr. Interestingly, this watch was created as part of a vain competition Graves had with Ohio automobile engineer James Ward Packard to have commissioned a watch with the most complications in the world.

 

4 – $4 million – Patek Philippe’s Platinum World Time

The Platinum World Time (1939) from Patek Philippe is often believed by experts to be the only watch ever of its kind; it was sold for $4,026,524 by the leading watch autioneer Antiquorum in 2002. The auction price of the watch was more than double the world-record sale price for any wristwatch. The earlier record for a wristwatch was about $2 million. In the 2002 auction, the watch was bought by an Asian buyer.

This watch manufactured in the year 1939 is unique as is shows time in 42 cities around the globe. The World Time complication was the brainchild of Louis Cottier, a famous independent watch manufacturer. He invented it during 1935. Later, this world time complication was taken by Patek Philippe to manufacture great timepieces.

For the world time, the owner has to wind the watch and select a city so that it can direct it to the 12 o’clock point. This helps the hour hand and the center ring to move to a certain time and show the correct time of the selected city.
The Platinum World Time wristwatch from Patek Philippe is appreciated and preferred by both the watch lovers and watch collectors. The other designs, which are in vogue, are the ones that have hand-painted cloisonné miniature and those with enamel themes. Watch collectors and lovers prefer those pieces that have a world map at the center of the dial.

This platinum Patek Philippe World Time or for that matter any Patek Philippe wrist watches are worth an investment.

 

5 – $1.5 million – Vacheron Constantin Tour de l’Ile

The Swiss watchmaker Vacheron Constantin marked its 250th anniversary in 2005 with the year’s most expensive watch. Its name refers to one of the historical sites of the venerable company, located next to the current Maison Vacheron Constantin on the Quai de l’Ile.

The expensive watch is also the most complicated double-face watch, and only produced in a limited edition of 7. Tour de l’Ile is made with a totally original combination of horological complications and astronomical indications composing a list of sixteen different points including a minute repeater, sunset time, perpetual calendar, second time zone, a tourbillon device, the equation of time and the representation of the night sky.

 

6 – $1.3 million – Patek Philippe Sky Moon Tourbillon

One of the most expensive modern wristwatch – A platinum Patek Philippe tourbillon watch became the most expensive modern wristwatch to be sold at auction when it fetched HK$11.75 million ($1.49 million) in Hong Kong on April 10, 2008. The “Ref. 5002 P Sky Moon Tourbillon” wristwatch with a double dial is considered the most complicated wristwatch ever produced by the renowned Swiss watchmaker. Only two such watches are made every year, one in platinum and one in rose gold. The watch, made in 2003, was bought by an Asian private buyer at the Sotheby’s auction.

 

7 – $1.2 million – The Chopard Super Ice Cube

The Chopard super Ice Cube timepiece exhibits 60 carat of diamonds and retails for approximately $1,259,000

Chopard, a Swiss jewelry and watch maker founded by Louis-Ulysse Chopard in 1860, is now owned by the Scheufele family. Besides their 100+ years of producing high quality and beautiful time pieces and jewelry, Chopard is also known for the current design of the Goldan Palm award of the Cannes film festival and being one of the ongoing sponsor of the event.

 

8 – $1 million – Hublot Black Caviar Bang

The newest member of the million dollar watch club is the Hublot Black Caviar Bang. Coming from the Big Bang line with all its derivatives, the Black Caviar Bang has an 18k white gold case and clasp that feature hundreds of precision cut black diamonds, for a total of 34.5 total carats. This includes 322 diamonds on the case, 179 on the bezel, and another 30 on the clasp at the end of the rubber strap. Black diamonds are exceedingly rare, and are attributed for most of the Black Caviar Bang’s million dollar value.

Inside the watch is Hublot’s specially manufactured manually wound HUB Solo T tourbillon movement. A beautifully designed face opens with a view on the one minute tourbillon, and diamonds are patterned into the face as the power reserve indicator. The design of the face is attractive and functional, but doesn’t try very hard to be practical. With an impressive array of square cut black diamonds, the Hublot Black Caviar Bang register’s high on the glitz scale as well as the exclusivity meter with a limited edition of only one piece.

 

9 – $860,000 – Louis Moinet Magistralis

Who want to wear a piece of the moon on their wrist? A 2000 year old lunar meteorite lies within the Louis Moinet Magistralis. Its exterior has 18 carat gold with minute repeater, perpetual calendar, and mono-pusher chronograph. It includes pressure controlled striking mechanism lever. This is the perfect watch to match your status with style and sophistication. Good luck finding one since the watch will be produced in very limited quantities.

 

10 – $800,000 – Blancpain 1735, Grande Complication

This Blancpain 1735 Grande Complication Le Brassus watch in platinum features a 42mm case, white dial, and crocodile strap. The Blancpain 1735 Grande Complication Le Brassus also features and automatic windning movement with hour and minute display, tourbillon escapement, minute repeater, split-seconds chronograph, perpetual calendar, moon phase indicator, and 80 hour power reserve.

 

11 – $734,000 – Breguet pocket watch 1907BA/12

This unique pocket watch, otherwise known as the Breguet Classique, held the accolade of being the most expensive pocket watch in the world in 2009, and to our knowledge it still is as of April 2010. Breguet are a name in horology that exemplify quality and prestige, and the company has the respect of its peers within the industry. The company has been producing timepieces for some 225 years and are credited with inventing the tourbillon.

Even though Breguet are now a part of Swatch they continue to develop and create exciting new innovative designs that set them apart from other horologists. The Classique is no exception to this rule; the stunning 18 carat yellow gold case is complete with grand strike and tourbillon, and the movement is hand engraved and hand wound for ultimate luxury and accuracy. The crown rotates and the gold dial is exquisitely finished in silver.

The caseback is sapphire and rose-engine and is also hand engraved. It is easy to see why the Breguest Classique is the most expensive pocket watch, but also why it is by far the most sought after.

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Louis Moinet Magistralis
Who will be the first man to wear the moon on his wrist? Louis Moinet will answer this question with the one-of-a-kind Magistralis.
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Louis Moinet is the world’s first and only brand to create a watch featuring an authentic piece of the moon. Magistralis, which is being offered for $1 million Swiss Francs (CHF), comes in a limited edition of only one watch and will never be repeated.
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Click image for larger version
Magistralis contains pieces from a lunar meteorite, which was ejected from the moon 2,000 years ago. The meteorite, which has been authenticated by the University of California, Los Angeles, actually added to scientific knowledge of lunar geology, since it came from a place that the Apollo missions did not visit. Of all meteorites, the lunar type is the rarest and is more expensive than gold and platinum combined.

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THE MOVEMENT
The movement was created a hundred years ago. Designed in the Vallée de Joux, it was made in Geneva and bears the Poinçon de Genève quality hallmark. It beats at 18,000 vibrations per hour and features a (double-bladed) self-compensating balance and a flame-blued Breguet balance spring. Its flat-polished moustache lever escapement is hand chamfered and mounted on an endstone.
The chronograph
The single-button column-wheel chronograph (6 columns) has a spring-assisted lever. The instantaneous jumping minute hand, a very distinctive mechanism, operates by means of a cam. The function of the cam is to load the minute lever by means of constant friction, thereby stabilizing regulator operation (by avoiding loss of amplitude) when the chronograph function is activated. This technique is no longer used now, given the complexity of its entirely manual fine-tuning.
The striking mechanism
The striking mechanism comprises two hammers that sound the hours, quarter-hours and minutes, as well as an “all or nothing” lever. The mechanism for activating the striking mechanism is operated by pressing a lever, so as to facilitate handling of the repeater slide, which is always a delicate operation on traditional watches.
The making of a striking mechanism will always remain a manual operation that simply cannot be industrialized. Indeed, the extreme accuracy of the adjustments required for this complication can neither be done by machine nor measured; they truly do come from the watchmaker’s hand, ear and heart. For this reason, two identical striking mechanisms will sound different, precisely because they are adjusted by hand. The creation of a striking mechanism requires all the experience of a skillful and knowledgeable master-watchmaker.

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The perpetual calendar
The perpetual calendar function displays the day, date and month over four years. Its unique feature is its small size, as the perpetual date mechanisms of the period were usually much larger.
All of the steel parts of the bridges are polished with a tin block to achieve a perfect polish and cold-work the material so as to eliminate any cracks, thus protecting it from oxidation with no need for any additional treatment. That is why these century-old steel parts are still as perfect as ever.

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THE CASE
The case is made of 5N and 3N 18-carat rose gold. Its brand-signature design stands out especially for its patent pending crown guard and chronograph button guard at 12 o’clock. The 90-part case is extremely complex to make. It features a pressure-controlled striking-mechanism lever, which makes the slide easier to manipulate. The various correctors are marked with the Louis Moinet symbols so their purpose is obvious.
THE DIAL
The dial is adorned with the “Côtes du Jura” ® motif, an exclusive creation from the Ateliers Louis Moinet. The four counters are hollowed and their “old rose” shade ensures excellent readability of the indications provided by the century-old flame-blued steel hands.

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THE WATCH BOX
An extraordinary watch deserves an extraordinary box, and the Magistralis presentation box also marks an industry milestone as the first musical instrument for watches. The watch stand serves to amplify the sound of the repeater mechanism. The box is entirely hand-crafted from curly maple by luthier Claude Bourquard, from the Jura. Claude has a thorough knowledge of resonance, acquired by making guitars and violins of the highest quality by hand. He has used this knowledge to design a true musical instrument using the watch support. Once the striking mechanism has been activated, the instrument amplifies its sound so the tone can be fully appreciated.

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Click image for larger version
An original copy of Louis Moinet’s famous Traité d’Horlogerie (Treatise on Watchmaking) is also included in the presentation box. This is the second edition, dated from 1856. Traité d’Horlogerieis regarded as one of the world’s most comprehensive books on the subject and contains illustrations of watch movements hand-drawn by Louis Moinet.

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Throughout history, Louis Moinet had a tradition of crafting timepieces for the wealthiest and most influential people in the world, including Thomas Jefferson, Napoleon, James Monroe and King George IV. Now, one distinguished watch aficionado can have the honor of being the first and only person in the world to wear the moon on his wrist. “Magistralis is a one-of-a kind-watch to be worn by a one-of-a-kind person,” said Michael Brader-Araje, President of Louis Moinet North America. “This magnificent watch is unlike any other, and will never be repeated. It is the ultimate addition to any watch connoisseur’s collection.”

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If you are interested in learning more about the Magistralis watch, visit http://lmtime.com/watches/magistralis.php.

BigTimeUK.com