Léopold-Metzger is quick to point out that Piaget does not specifically develop movements
for any other companies, and doesn’t even sell its existing calibers to brands outside the group.
Strategy
"America is an interesting market," Léopold-Metzger explains. "It is obviously
a very challenging country. We tend to do very well in the traditional pockets of luxury
there, the Northeast, the Miami area, the West, and the Texas area. But I think the brand now should
go more and more to other states, and we are looking to develop that, opening some more boutiques in
the United States.
"Today
we have boutiques in Florida, Bal Harbor, Palm Beach, and we just opened a boutique
in Hawaii. We already have a boutique in New York, and now we are very keen on Las Vegas.
I could imagine that we will have a boutique opening there this year. And, obviously, we are interested
in Los Angeles more and more."
Good-quality,
expensive products are by essence often sold to successful people, such as celebrities,
business people, and highprofile athletes. And these people often live in the cities where Piaget
already has boutiques, or where the company is planning to open next.
The near future
"There
will be a lot of new calibers at the next SIHH, proof of Piaget’s continued desire to justify
its position in great mechanical movements," Léopold-Metzger reveals.
"We will
also be showing a lot of new jeweled and non-jeweled watches, for a total of well over 100
new timepieces.
"We reintroduce
Limelight Party every year with about sixty to seventy products, usually about fifteen
watches and about forty-five pieces of jewelry. This is where we can highlight the credibility of
the brand.
Of course, we will present a new Limelight collection this year at the SIHH.