Jean-Claude Biver Steps Down As President of LVMH Watch Division: Hublot, TAG Heuer, Zenith

It is huge news in the watch world: Jean-Claude Biver, who has been President of the LVMH Watch Division for years is relinquishing his operational duties He has been with LVMH for eight years, ever since the luxury conglomerate purchased the Hublot brand At that time in 2008, Biver was head of Hublot and was leading the brand on a path to a bigger, stronger "Bang" for the brand.

He was appointed President of LVMH's watch business - in charge of Hublot, TAG Heuer and Zenith four years ago in 2014 The watch and jewelry division of LVMH has enjoyed a stead increase in year over year business, with reports stating that the business was up 12 percent in 2017 over 2016.The luxury group also watch and jewelry brand Bulgari, which is overseen by Jean-Christophe Babin No formal announcements have been made yet by LVMH as to who might take over the role of President of the Watch Division, if the position continues.

Industry rumors have it that Frederic Arnault, son of LVHM Chairman and CEO Bernard Arnault, may take a more active role in strategy and digital business with the division's largest brand, TAG Heuer. . Source