Archive pour le mot-clef ‘watches’

Hublot makes use of latest technology to promote its products

Monday 23 January 2012

Hublot is the watch brand created by marketing genius Jean-Claude Biver. I stepped in the store of an authorized dealer the other day to witness how products were promoted in-store.

I remained amazed by one display in particular which triggered all senses. I’ve no idea how it works but it’s just amazing to see how this product was literally put into light and its mysticism enhanced.

 

My take:

I’m speechless.

Untitled from Into The Minds on Vimeo.

I was not equipped to do a better video but I promise I’ll go back and shoot a better one.

Customized Customer Experience

Monday 20 June 2011

I recently was made aware by Peter Chong of an exceptional detail on a non less exceptional watch.

Greubel Forsey has been renowned for inventing and manufacturing the most incredible double and quadruple tourbillons. Well actually nobody needs such a complications, but let’s face it. It’s beautiful and spectacular.

What is less known however (thanks Pieter for the info) is that there is a “secret” text engraved on the back of the watch. This text is not the Coca Cola recipe; it seems it’s a text in French but only the owner knows. And actually that’s  the hidden value of it.

My take:

Our last posts have been pretty much inspired by the watch industry and the stories around it. I recently met with Christophe, a client of us, who remained impressed by those stories. And actually marketing is also (not only) about it. It’s about creating a story around your products or services, a magnetic story which customers and non-customers will remember and dream at. I think Greubel and Forsey are very good at that.

The example of a well-managed customer experience by Blancpain

Friday 20 May 2011

When Jean-Claude Biver took over Blancpain to revamp it, one of the first things he did was to launch the 6 masterpieces, a range of 6 watches (from the most simple to the most complicated) housed in the same case. One of those watches was the moonphase, which combines an annual calendar with the display of the phase of the moon. This is a pretty classical complication which still exists (in a larger case) today in the Blancpain product range.
In the 80s Biver was already marketing the uniqueness of the movements, bringing forth technical arguments (the thinnest movement, the smallest minute repeater, …) to convince potential customers. The technical uniqueness of the movements is still a cornerstone of Blancpain’s strategy; however the way the message conveyed is less technical and much more emotional than before.

The rose gold version (Photo by Jeffrey Kingston)

Let’s have a look at one contemporary example how Blancpain handles the customer experience and manages to create emotional ties with its customers. The best example I could find to explain why Blancpain is so unique is a watch produced in 2003 on the occasion of the 20th anniversary of the moonphase. This watch was presented at the Basel fair and was of course a limited edition (for those interested there were 300 pieces in red gold and 100 in platinum). Whereas for most brands the limited edition is sufficient in itself to create the uniqueness, Blancpain goes many steps further.

The platinum version

The platinum version

The rose gold version (Photo by Jeffrey Kingston)

I find this watch a very understated model which reinforces my belief that Blancpain appeals at connoisseurs (although I don’t feel I belong to the latter category). Two main features are emblematic of this watch; the first is on the watch; the second is off the watch.
The on-the-watch feature is actually something that only the owner can admire. It is actually the rotor. It has become common practice to have see-through back on all watches of this category (even on fakes) but no other brand customizes the rotors that way (I had already reported on that in an earlier post). The rotor of this watch is hand-engraved to look like a moon (which is also a reminder of the face which was displayed on the moon indicator in the earlier versions of this watch). That is just pure luxury … no one can see it but the owner. I remember someone a long time ago telling me what luxury was: “a silver-plated gold jewel”. Well, it’s a little bit the same here.

The “man in the moon” (photo by Jeffrey Kingston)

The second unique feature is the packaging.Regular readers of this blog may remember the efforts of Louis Vuitton for instance (read the post in French here). Blancpain has reached another dimension with its packaging concept. They actually wanted to reproduce the surface of the moon (which is already a challenge in itself) and to preserve the authenticity of the “Made in Switzerland” went so far as to ask the last aluminum foundry in Switzerland to produce the boxes which will eventually house the watches. Each box bears the number of the watch and makes therefore part of the set.

What is the marketing positionning of Blancpain (Swatch group)

Wednesday 18 May 2011

Blancpain is a famous watch brand owned by the Swatch group which, in my opinion, deserves attention for several reasons.

Blancpain is first of all a brand with history; not only an historical tradition of watchmaking that goes back to the 18th century, but also a more recent entrepreneurial history when the brand was revamped by the great Jean-Claude Biver. Blancpain is today the result of a subtle positioning on its 280-year history and a managerial success to relaunch a brand at a time when only the late Nicolas Hayek kept believing in the Swiss mechanical watch industry.

This being said, how does Blancpain position itself. Well, that’s a tricky question. Blancpain certainly aims at being in the top-tier of its industry and competes indeed with brands such as Breguet, Vacheron Constantin, Lange und Söhne, Jaeger Le Coultre and Patek Philippe. All those brands are more or less in the same price class (roughly starting at 5000-8000€ for an uncomplicated piece up to a million for the most extravagant pieces). This is the positioning which Blancpain wants to convey. It is therefore the firm’s intention; but what about the consumer’s perception? Well, that’s another story.

Photo by Jeffrey Kingston

Let’s have a look at an example and let us compare two brands in the top-tier segment: Blancpain and Patek Philippe. From a technical and functional viewpoints there are few points that differentiate the two brands: the complications are pretty much the same, the two brands produce a limited number of pieces, the materials used are of the best quality and sometimes sourced from the same suppliers, the watchmakers are equally qualified and I even met former Patek’s employees at Blancpain. There is thus little doubt that the prices commanded by the products should be alike. However there are not because of the customer experience or more precisely because of the consumers’ perception. Patek is a brand which, consumers think, will retain its value better than others and therefore command higher prices. The issue of value is essential in the watch business because customers often (a minority doesn’t however) undergo a sacrifice or at least a trade-off when they choose one watch over another. The question in the consumer’s mind is therefore: “is it worth the sacrifice?” and other mechanisms such as regret and hindsight will soon come into play which will eventually influence the customer’s satisfaction.

Blancpain has however found an interesting tactics to counter this problem and my impression is that Jaeger is slowly doing the same. Instead of addressing the needs of customers who are attracted by the prestige of a brand in their quest of social recognition, Blancpain bets on technical specificities and on understatement to address the needs of connoisseurs. Blancpain has been very active the last years in innovating (just have a look at their catalogue to be convinced: it starts actually with all their innovations over the last 20 years which pretty clearly proves my point), hired talented and above all creative watchmakers like Vincent Calabrese who are likely to be able to please collectors (s see picture belowat en event organized by Hall of Time in Brussels). What happened is that Blancpain transformed itself from a perceived high-tier brand to a top-tier niche brand. In some aspects I even find it looks like independent horology (basically entrepreneurs watchmakers, previously employed by renowned manufacturers, who use their name to start their own brand). Blancpain is in my opinion a hybrid brand which, with a tiny part of its product range, tries to attract less experienced customers and with the widest range of products appeals at connoisseurs. Other brands actually do the other way around with a larger part of their product range dedicated at non-connoisseurs (Patek Philippe sells mainly its Twenty-Four model with is a quartz woman watch) and few models for connoisseurs (some specialists may say that the annual calendars are for connoisseurs but this complication was introduced on purpose to address non-connoisseurs needs at a time when Patek was less accessible).

This being said let’s have a look why Blancpain is a niche brand and how its products are different from those of other brands (to be continued in 48 hours)

Lange und Söhne very private customer experience

Monday 16 May 2011

Brands go sometimes very far to keep customers and make sure they remain loyal. This is true in any industry but even more in the luxury business where loyalty even more impacts profitability than on other businesses.

Here’s an example of an incredible customer experience provided by Lange und Söhne, a top-tier watch brand part of the Richemont group. Lange organized the “Lange Connoisseur Akademie” in Singapore where Lange owners and collectors, dressed like watchmakers, could for one moment experiment the difficulties of watchmaking.

Peter Chong reported on this event on a specialized forum and on Peter’s blog. My thanks to him for providing the pictures included in this post.

Next week will be a “watch industry week”

Sunday 15 May 2011

Our next week’s three posts will all be dedicated to the watch industry. Stay tuned for the first of them on Monday, May 16th at 7am CET. We’ll start with Lange und Söhne, a brand belonging to the Richemont Group and will move to Blancpain (Swatch group) for the next two remaining posts.

An increadible experience : visit to the Blancpain manufacture

Friday 11 June 2010

Today’s post will be slightly different and longer than the usual posts; this to provide watch lovers, less interested by marketing aspects, with some more technical information.

For those of you who don’t know Blancpain, this Swiss watches manufacture belongs to the most prestigious brands. To the contrary of brands like Patek Philippe, Jaeger Le Coultre or Audemars Piguet, Blancpain opens its doors easily. I visited the manufacture in Le Brassus, Switzerland, in early August in my quality of passionate amateur of horology.

For this 2.5-hour visit we were welcomed by Mousse Jacquier, Blancpain’s PR assistant. Although I feared that we’d have to stay behind windows to observe the watchmakers, I was positively surprised to be able to get in the most prestigious departments (Tourbillon, Minute Repeater, Finishing, Engraving) and to freely interact with the watchmakers.

Pierre-Nicolas Schwab at Blancpain Brassus

Tourbillon Atelier

Two watchmakers were at work when we went in. After we got introduced, the principle of the Tourbillon was quickly explained. One of the watchmakers then presented his work: the parts necessary for the assembly of the Tourbillon are delivered in batches of 5. Up to two weeks are necessary to assemble 5 sets. A demo movement was put under the binocular microscope to reveal the Tourbillon’s magic.

The watchmaker explains us that the most challenging part of his job is to adjust the Tourbillon. After the deviations have been measured in 6 positions (2 horizontal and 6 vertical ones) during 1 minute per position, the mean value is calculated. The represents approximately the normal use of a wristwatch. Deviations in the different positions compensate each other which explains why a watch deviates more than normal when not worn. Each adjustment requires that the complete tourbillon be disassembled.

The possibility remains however to adjust the watch to the very way of life of the owner.

The adjustment is made possible by little screws placed on the cage of the tourbillon. Screwing more or less modifies the balance. When asked “How do you know which screws to adjust ?” the watchmaker answers with humility “experience”.

Minute Repeater Atelier

After the Tourbillon Atelier we were about to see the Holy Grail, the Minute Repeater atelier. On the day of our visit only one (out of 3) watchmaker was at work. He was in charge not only of Minute Repeater but also of the Equation Marchante and even took over the assembly of a 1735, the most complicated watch ever manufactured by Blancpain when a colleague of him left.

Once again the principle of the minute repeater was explained before a movement was put under the microscope (linked via a camera to a LCD monitor). The movement could then be observed at leisure, especially the upper side which is usually hidden under the dial and which is nonetheless as fascinating as the back side. The watchmaker then activated the mechanism. We saw the hammers hitting the gongs  … a very magical moment. But it all went too fast ! I just couldn’t take my eyes off the screen. This was all so eye-catching but remained mysterious. The watchmaker then manually activated the repeater and slowly went through every single part to show us how each part triggered the next one. Just amazing to see how each part is designed to accomplish a given function and how that function gives the shape of the part.

We learned that the “gong” is made out of a special alloy, a stock of which was purchased by Blancpain 50 years ago. Today the same stock is still being used to produce about 20 repeaters a year. With 10 cm in each repeater you can do the maths by yourself and find out how many meters were used in the last 25 years; very little actually for one forth of a century. Each movement requires about 1 month of work to be assembled … compare this to the time needed for a Tourbillon and you quickly understand the price differences.

There’s also a big safe out there and look at what it’s in it : the very last 1735 sold (the 30th). No need to comment for who likes fine horology. The dream has (or more precisely “had”; it’s sold out) a price : 1,200,000 CHF (about 800,000€). The movement is first assembled, tested, then disassembled and re-assembled again in the case before the whole watch is tested again. It all takes about 1 year to “produce” (I hate this “word” ; in Blancpain’s context only “manufacture” seems to fit) the watch.

the back of the 1735 with blue screws

A little story to finish on the 1735 : sometimes the 1735 was delivered to the lucky owner by the very watchmaker who assembled it. Mousse Jacquier told us that photo alums were sometimes also made by the watchmakers to accompany the birth of the 1735 along the seasons. When you live on the other side of the earth it must be a very particular feeling to get news of your baby and to see how its environment is evolving.

Last but not least, Blancpain also specialized in libertine minute repeaters (which are repeaters with automatons depicting an erotic scene). The production of repeaters is already very limited, that of libertine repeaters is even more confidential and for the first time I’ve able to see one exemplar in person. The automatons are realized in gold by an external craftsman. All watches produced with automatons are unique exemplars as there are no two very same scene produced. The craftsman went very far in the details ; look at the book which is itself engraved with an erotic scene.

On our way from the Minute repeater atelier to the Finition atelier we stopped at a showcase prepared for one of the Basel fairs were all components of the 1735 were on display. No wonder that it takes so long to assemble them.

all parts of the Blancpain 1735 movement

Finishing Atelier

In the finishing atelier all hidden parts of the watch are decorated : Côtes de Genève and other types of decorations are realized by a team of 6 people. This is however reserved to the most prestigious movements : 1735, minute repeaters and some of the tourbillons (not all). For the less prestigious movements finishing is realized by pre-programmed machines.

finishing atelier at Blancpain

For a minute repeater the different steps of the finishing process are realized started from rough parts received from Frederic Piguet SA. It takes 1 month to prepare a set of parts before it is handed over to the Minute Repeater Atelier to get assembled. Finishing is realized using, in many cases, custom-made tools (see also the article by Jeff Kingston in the Lettres du Brassus).

To sum up, the Finishing Atelier adds value to the watch, however it’s a hidden value that only the owner can appreciate through the display back.

Engravings Atelier

This atelier was already dealt with in a thorough article by Didier Schmutz in the Lettres du Brassus. I won’t be able to describe better how this Atelier is working ; I therefore suggest that the reader follow the hyperlink and read the original article.

rotor engraved China special edition Blancpain

all rotors engraved chinese special edition Blancpain

I was fortunate enough to see in person the realizations of the engravers who all graduated from the Ecole Boule in France. In particular I saw a series of 50 rotors in gold for a limited edition dedicated for the Chinese market. In this atelier we were clearly leaving the world of craftsmanship to enter that of Art.

The visit ended up in the meeting room where we were given merchandising articles, the beauty of which perfectly shows Blancpain attention for details and quality

My take :

It doesn’t matter whether you’re a customer or not : the visit of the manufacture in Le Brassus is always possible (after appointment of course). The visit in itself is an extraordinary moment, be it for an amateur or a real passionate collector. Blancpain really shares with you the secrets of the manufacturing process of an high-end time-keeping object. After such a visit you will never dare to ask why such watches are priced so high.

To come back to a more marketing-oriented analysis, welcoming amateurs, potential clients and clients the way Blancpain does it is just a great communication and loyalty tool (believe me, the professionalism of Blancpain employees counts for a large part, especially as far as Mousse Jacquier is concerned) : putting a face, a name, on such a delicate and qualitative object is a rare experience in an industrialized world where banalisation has become the rule. Blancpain definitely sets up a new standard in the way a company can communicate with prospects and clients. The initiatives of the watchmakers (delivering the watch in person for the 1735, taking pictures of the watch birth along the seasons, sharing their passion with the visitors, …) is also crucial as it tends to create a personnal relationship with the owner and / or the visitors. Emotional aspects are here especially important (remember that lifetime loyalty is created through an emotional bond with a brand, which is very well managed by Blancpain).

For those of you who are contemplating the purchase of a watch and who think of the choice of their watch as more an intellectual process than an impulsion, I think Blancpain has developped for you a remarkable solution with is backed by their magazine « Lettres du Brassus ». Actually I’m pretty much convinced that very few brands can propose such a proximity with the very people who are at work ; the added value in terms of branding is enormous and deserves that it be communicated in the not-so-little world of watches aficionados.

Once again my deepest acknowledgments to the Blancpain team and in particulat to Mousse Jacquier for enabling this visit.