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He took over as JLC CEO in 2002 at the age of 32. To fill it, he tapped Jérôme Lambert, a 21-year Richemont veteran. Consultez le profil complet sur LinkedIn et découvrez les relations de Jerome, ainsi que des emplois dans des entreprises similaires. The trick was the swivel-cased Reverso watch, a 71-year-old icon then, which accounted for the majority of sales. Atop the list of challenges are the decline of brick-and-mortar retailers and the rise of e-commerce.The move provoked comments like "unusual" (Wall Street Journal), "a gamble" (Women’s Wear Daily), and "an interesting experiment in corporate governance" (Quartz).Compagnie Financière Richemont SA is a global luxury conglomerate that owns 18 individual brands, in addition to having large stakes in others, including the platforms Net-A-Porter and Mr. Porter.Burkhart Grund spelled out the implications of this for Richemont’s watch business in his Nov. 10 call with financial analysts. Lambert changed that. Last year Richemont’s writing instrument sales reached €396 million ($434.4 million), a new high.Lambert also pumped up Montblanc’s watch and leather goods businesses. YNAP and Watchfinder sales increased by 7% at actual exchange rates following their consolidation into the Group’s accounts in May and June, respectively.“Hong Kong, Korea and Macau all generated double digit increases while China showed good growth. (Two became obsolete with Kern’s departure and Lambert’s promotion.) I think everything is changing ... "A year ago, Richemont Group Chairman Johann Rupert caused a stir in business circles by eliminating the CEO position at the world’s second largest luxury-goods group. The laggards, he noted, are the watch brands.Montblanc’s problem, unlike the solution to it, was simple. Kern’s stint as head of the watch division was rocky, Richemont insiders say. View Martin Lambert’s professional profile on LinkedIn. I doubt it.
Montblanc was profitable, but its core market was shrinking, big time. It was the dominant player in a dying category: fine pens (or, as Montblanc prefers, "writing instruments"; the word “pen” is not in its lexicon). "Leathergoods and accessories have become a much bigger part of Montblanc's business under Lambert's leadership.Launching he Summit smartwatch in spring 2017 was one of Lambert's last projects as CEO of Montblanc.If Kern’s resignation surprised Richemont watchers, Lambert’s elevation did not. )Lambert turned around the pen business by focusing on innovative new pen products, like Augmented Paper, a device allowing instant transfer of handwritten notes to mobile devices. Jérôme heeft 12 functies op zijn of haar profiel. Richemont’s writing instrument sales peaked in 2007 at €373 million ($500 million then). In his 11 years as CEO, JLC expanded the Manufacture, invested in R&D, developed new collections and added high complications. See the complete profile on LinkedIn and discover Jerome’s connections and jobs at similar companies. It was not exactly a plum posting. Richemont’s writing instruments sales are up 14% since Lambert took over.
Cutting out the CEO would streamline decision-making and allow each brand (Richemont calls them "maisons," French for "houses") to react more quickly to market conditions, he said.Lambert took his watchmaking know-how to Montblanc, pushing the brand's boundaries.Rupert’s return to a traditional reporting structure comes as a result of the unexpected resignation in July of Georges Kern as head of the group’s Specialist Watchmakers division after less than four months on the job. Découvrez le profil de Jerome Lambert sur LinkedIn, la plus grande communauté professionnelle au monde. Nevertheless, Lambert has restored momentum to the brand. The heads of 16 of the 18 maisons report to him. Jérôme Lambert, Richemont's new Group Chief Executive Officer. Montblanc’s sales are up for each of the past three years, Rupert says in the Chairman’s Review in the company annual reports. Jerome has 1 job listed on their profile. At the SIHH exhibition in January 2014, Montblanc introduced 56 new watches; 45 of them of were developed after Lambert’s arrival at the firm six months before. LinkedIn is the world's largest business network, helping professionals like Martin Lambert discover inside connections to recommended job candidates, industry experts, and business partners. Most of that comes from Cartier.
So, it’s adapting a business model that is flexible and fast enough to meet the changing demands of consumers.
View Jérome St-Cyr’s profile on LinkedIn, the world's largest professional community. See the complete profile on LinkedIn and discover Lambert’s connections and jobs at similar companies. The watch business he knew, of course. He became deeply involved in product development, and broadened the product portfolio. Erfahren Sie mehr über die Kontakte von Mathilde Laurent und über Jobs bei ähnlichen Unternehmen. See the complete profile on LinkedIn and discover Jérome’s connections and jobs at similar companies. That’s the pen-world equivalent of Patek Philippe, Rolex, Omega, Cartier and more combined.