Romain Jerome, creators of Titanic DNA watch has declared bankruptcy
Romain Jerome watches (RJ) which came to life over 15 years ago as creators of pop culturally inspired funky timepieces has declared bankruptcy
The post Romain Jerome, creators of Titanic DNA watch has declared bankruptcy appeared first on LUXUO.
Romain Jerome watches launched in 2004, but it made its biggest splash in 2006 coming to prominence with a foundational series of Titanic DNA watches under CEO Yvan Arpa, a well known Swiss watch designer who had previously served as Managing Director for Hublot. Yet, though they were distinct for their recognisable and culturally relevant luxury Swiss watches, it finally declared bankruptcy on Friday 28th February 2020, after investors Alliance Investment Group SA, its majority shareholder, declined to continue supporting the company financially with immediate effect.
Romain Jerome, creators of Titanic DNA watch has declared bankruptcy
Though no reasons were cited, its hard to imagine that majority shareholder Alliance Investment Group SA didn’t consider the damaging (and potentially long lasting effect) of the coronavirus on global retail sales, but the effect casts pale pallor across the watchmaking industry nonetheless.
In October 2019, its current CEO Marco Tedeschi had just received a glowing profile lauding his successful leadership on Business Insider. Also hailing from Hublot where he was Regional Director, Tedeschi joined Romain Jerome in 2018 and quickly rebranded the company into RJ. The then 32 year ol...
The post Romain Jerome, creators of Titanic DNA watch has declared bankruptcy appeared first on LUXUO.
Romain Jerome watches launched in 2004, but it made its biggest splash in 2006 coming to prominence with a foundational series of Titanic DNA watches under CEO Yvan Arpa, a well known Swiss watch designer who had previously served as Managing Director for Hublot. Yet, though they were distinct for their recognisable and culturally relevant luxury Swiss watches, it finally declared bankruptcy on Friday 28th February 2020, after investors Alliance Investment Group SA, its majority shareholder, declined to continue supporting the company financially with immediate effect.
Romain Jerome, creators of Titanic DNA watch has declared bankruptcy
Though no reasons were cited, its hard to imagine that majority shareholder Alliance Investment Group SA didn’t consider the damaging (and potentially long lasting effect) of the coronavirus on global retail sales, but the effect casts pale pallor across the watchmaking industry nonetheless.
In October 2019, its current CEO Marco Tedeschi had just received a glowing profile lauding his successful leadership on Business Insider. Also hailing from Hublot where he was Regional Director, Tedeschi joined Romain Jerome in 2018 and quickly rebranded the company into RJ. The then 32 year ol...
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