As president and CEO of Cartier, he helped reinvigorate the model with new methods.
Vittorio Zunino Celotto/Getty Photos for Cartier
When Vigneron first took over as president and CEO, he directed Cartier to purchase stock again from retailers to extend demand for the model’s luxurious watches and jewellery, the Australian Monetary Assessment reported.
In 2017, Cartier supplied free repairs to Panthère watches from the Nineteen Eighties. The strategic transfer helped carry the classic watches again in model — Cartier offered 15,000 of them that 12 months.
In 2020, Forbes ranked Cartier 56th on its record of the world’s 100 most beneficial manufacturers with an estimated worth of $12.2 billion.
A rating of the highest Swiss watch firms revealed in April 2023 by Morgan Stanley named Cartier the second-largest watchmaker behind Rolex, overtaking Omega for the No. 2 spot with 2.75 billion francs, or $3.1 billion {dollars}, in gross sales, Skilled Watches reported.
“From a maison which was not born in watchmaking, it has been exceptional to come back to that stage,” Vigneron instructed the watch web site Hodinkee of the rating.
With 60 new items launched in 2023, Cartier’s watch enterprise continues to increase, occupying an estimated 7% of the retail market share, in accordance with the Morgan Stanley report.
