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In the Words of Journe: Why Chanel was Allowed a 20% Stake in the Company
Late last week news went public regarding Chanel acquiring a 20% share in Montres Journe SA, a brand well recognized among watch enthusiasts for it’s independence and complete vertical integration from manufacture to distribution. Whereas the first announcement was posted via Instagram, a more in-depth study can be read here. Following is a translated…
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F.P. Journe Sells 20% Ownership to Chanel: The True Cost of Independence
News broke out yesterday that Chanel had acquired a 20% share in Montres Journe SA which lead to highly unstable responses from the watch community. While the information came to light yesterday; it wasn’t explained and lead to several speculations and some serious uproar, considering the brand had developed a strong reputation and credibility regarding…
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Technical Perspective: The Challenges & Marvels of the Vagabondage III
I recall getting into a discussion with François-Paul Journe a year prior to the release of his Vagabondage III and I clearly remember him telling me; “the first was a jumping hour, the second was a jumping minute and the third is going to be the end of the trilogy and the best of…
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Recommended Reading: Tales of Three Acquisitions by Felipe Jordão
I always enjoy reading and hearing about acquisition stories because I believe that the acquisition process is just as important as the actual ownership of a watch. It builds something very special that makes a piece a lot more valuable to its caretaker. From the many stories I have encountered, the following is a…
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Technical Perspective: Why a Journe Does Not Hack
In order to set the time in a typical mechanical watch, you’d pull the crown out to its time-setting position to engage the gears of the motion works thus, allowing you to move the minute hand which in turn moves the hour hand. This is done by engaging the crown with the motion works, which…