In Brief: Belmont Leaves Richemont … Tiffany Heist

A brief look at some of the day's stories.

BELMONT LEAVES RICHEMONT: Compagnie Financière Richemont SA said Thursday that Henry-John Belmont has retired as director of the company’s Haute Horlogerie division. A Richemont spokesman said Belmont would not be replaced. The company’s policy of increasing the autonomy of its watch brands meant Belmont’s role would be incorporated into the separate watch businesses, which include Jaeger-LeCoultre, Piaget and Baume & Mercier. “Since joining the group, Henry-John has made an important contribution to the success of our watchmaking operations,” Norbert Platt, Richemont’s chief executive, said in a statement, adding Belmont also successfully integrated IWC, A. Lange & Soehne and Jaeger-LeCoultre into the group after they were purchased. The company said Belmont had also resigned from his position as a director of Richemont SA, the group’s management board. Belmont, who joined Richemont as ceo of Jaeger-LeCoultre in 2000, will continue to act as a consultant to the group for watch movement development.

TIFFANY HEIST: Two men robbed a Tiffany & Co. store at South Coast Plaza in Costa Mesa, Calif., of an undetermined amount of jewelry on Wednesday night, police said. One suspect pepper-sprayed a security guard as the second man pulled out a hammer, broke display case glass and stole a necklace and pair of earrings, each made of sapphire and diamonds, said police Sgt. Marty Carver. They sped away in a blue mini pickup. Photos from security cameras were being circulated, said Debra Gunn Downing, executive director of marketing for the luxury shopping center. There were no injuries.

This story first appeared in the February 10, 2006 issue of WWD.  Subscribe Today.