High-end watches are so far resisting the shocks from shaky markets worldwide, according to Girard-Perregaux president Luigi Macaluso.
"We're getting no negative signs from the U.S. and the atmosphere there is good," said Macaluso during a presentation of GP's latest models at London's Design Museum.
"Our real problem now, and we hope it continues in the future, is production and meeting demand," he said, adding it takes 18 months to craft a GP watch and that all movements are designed and made in-house.
He said new markets such as India, China and Russia are thriving.
"The Chinese customer is becoming a very demanding and sophisticated client," Macaluso said. "We're seeing increased demand from Indians living outside India and Russians everywhere are a good market for us."
Macaluso has unveiled five new models, including one for consumption-minded women, called the ww.tc 24-hour Shopping. The $22,000 watch gives the time around the world, with zones marked by famous shopping meccas, including Bond Street, Via Montenapoleone, Ginza, Dubai, Rodeo Drive and Ipanema.
The watch features 77 round diamonds for a total of 2.25 carats, a mother-of-pearl dial and an alligator strap. It's similar in design to the new men's ww.tc Financial Titanium watch that displays 24 time zones, as well as the business hours of the New York, London, Hong Kong and Tokyo stock exchanges.
Other new models include the Bi-axial Tourbillon, inspired by a 19th-century pocket watch; the Vintage 1945, with off-center hour and minute hands on the enamel dial, and the Sea Hawk Pro 1000 Meters, made from steel and vulcanized rubber.
All the new models will make their official debut at the Salon International de la Haute Horlogerie, or SIHH, in Geneva this spring. Macaluso said he's "optimistic" about future sales.
"Our watches are for collectors and connoisseurs," he added. "They're watches for the next generation, not something you buy on impulse. I suspect that all the brands at this level, including Breguet and Patek Philippe, are experiencing similar trends."
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia