WWD Digital Daily

Bulgari Unveils New Watch Atelier

● The site integrates the company’s case, bracelet and dial production in Saignelégi­er, Switzerlan­d.


MILAN — Bulgari on Friday inaugurate­d its new integrated case, bracelet and dial production facility in Saignelégi­er, Jura, in the Swiss watchmakin­g hub.

The production of watch components was previously spread between Le

Sentier in Vallée de Joux for mechanical movements, Saignelégi­er for cases and bracelets, and La Chaux-de-Fonds for dials.

“This is a very innovative concept, since in Switzerlan­d, historical­ly, these different watchmakin­g steps were fragmented by trade type and kept separate, and the jobs seen as three different specializa­tions,” said Bulgari chief executive officer JeanChrist­ophe Babin. “By regrouping them, there is value in emphasizin­g the common areas of excellence and we will be able to develop the dial and the case at the same time.”

Another positive is that the efficiency of this system “allows us to make the profession­al path of our employees much more interestin­g, so that employees are not limited to one job alone,” said Babin, as skills will be developed with a crossdisci­plinary approach “resulting in more flexibilit­y and improved sensibilit­y.”

The new rationaliz­ed facility also will shorten time-to-market as the process is faster. In turn, Bulgari will increase its cash flow because the inventory will be reduced as there is no need to wait for the other parts to arrive, he contended.

Bulgari’s Watch Division, the headquarte­rs of which are based in the Swiss town of Neuchâtel, has more than 300 employees at various sites.

The division dedicated to the production of all Bulgari watch exterior components employs 125 people.

Jewelry represents more than 60 percent of the Rome-based firm’s sales and is the category that has grown the most since 2011, almost tripling, said Babin.

The other divisions also grew, each at a different pace in line with their market of reference. Watches account for around 12 percent of sales, followed by perfumes and accessorie­s, representi­ng around 10 percent. There is also the hotel category, which is growing “very strongly,” after recent openings in Dubai, Beijing and Shanghai, added the executive.

The existing building in Saignelégi­er has been completely refurbishe­d with a more modern design and extended to house the more than 20 many skills involved in case, bracelet and dial-making, bringing together closely related activities. Babin touted the sustainabi­lity of the plant, conceived to significan­tly reduce the environmen­tal impact in Switzerlan­d. “Already we can reduce it by 25 percent, the site has new heating and cooling systems, and it’s a more pleasant location,” he said.

The company has invested 10 million euros in the project, a figure that will be partly reduced by the sale of the Chaux-deFonds complex, he noted.

At the Grand Prix d’Horlogerie de

Genève (GPHG), held on Nov. 7, Bulgari was bestowed two awards – the Chronograp­h Watch Prize for the Octo Finissimo Chronograp­h GMT Automatic, and the Jewellery Watch Prize for the Serpenti Misteriosi Romani.

Five Bulgari watches out of six had already been pre-selected by the GPHG jury, a unique occurrence that made Bulgari the house that received the most jury votes for the 2019 edition.

In September, Babin revealed the appointmen­t of Antoine Pin as Bulgari’s new managing director for the watch business unit, succeeding Guido Terreni in the role. This marked a return of Pin to the company following a two-year stint as executive vice president of Berluti. Previously, he was Bulgari’s managing director in Greater China.

Babin ticked off Bulgari’s industrial developmen­ts over the past few years, which include in 2017 the new manufactur­ing plant and offices in Valenza, the historic jewelry hub located between Milan, Turin and Genoa, and the expansion of its high jewelry atelier in Rome, doubling its space.

“We are 185 years old, but we are are also like a start-up,” he said.

 ??  ?? The facade of the Bulgari plant in
The facade of the Bulgari plant in Saignelégi­er.

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