logo
Hublot's Big Bang Watch at 20

Hublot's Big Bang Watch at 20

New York Times05-03-2025
It has been worn by A-list musicians, sports stars and artists, timed a World Cup soccer final and appeared on the Olympic podium. Love it or loathe it, there is no denying the impact that Hublot's Big Bang has had on watchmaking and popular culture since its introduction 20 years ago.
Released in 2005, the original Big Bang design was big and brash. It had an oversize 44-millimeter case; a chronograph, or stopwatch, function; and a bezel held in place with six exposed screws. Also prominent was its experimental material mix of steel or red gold, titanium, ceramic, carbon fiber, Kevlar and rubber. That year, it won the design prize at the Grand Prix d'Horlogerie de Genève, the watch industry's annual awards event.
It also set Hublot, founded in 1980 and generally considered an insider sort of brand up to that point, on the way to becoming something of a household name.
'The Big Bang was a miracle,' said Jean-Claude Biver, the industry veteran who was the company's chief executive at the time. 'When we started in 2004, nobody knew Hublot. Ten, 15 years later, everybody knew the name. It made Hublot.'
The watch's name helped. 'I came up with the name because I was convinced this type of watch, with its materials, dimensions, colors and modular construction would create a revolution in the watchmaking tradition,' said Mr. Biver, 75.
The Big Bang was expensive, too. 'The first steel and rubber models were 8,900 Swiss francs,' he said. 'It was not cheap at all. It was courageous to come out at that price.'
Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Thank you for your patience while we verify access.
Already a subscriber? Log in.
Want all of The Times? Subscribe.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold Notches Small Gain as US Inflation Data Aids Rate-Cut Bets
Gold Notches Small Gain as US Inflation Data Aids Rate-Cut Bets

Yahoo

time2 hours ago

  • Yahoo

Gold Notches Small Gain as US Inflation Data Aids Rate-Cut Bets

(Bloomberg) -- Gold extended a modest gain, following a US inflation reading that was in line with expectations and reinforced wagers on the Federal Reserve cutting interest rates next month. Bullion edged up after closing 0.2% higher in the previous session, after underlying US inflation accelerated to the strongest since the start of the year — though a tepid rise in goods prices eased concerns about tariff-driven pressures. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets The data boosted speculation that the Fed will reduce borrowing costs next month, especially given a softening labor market. Gold, which pays no interest, typically benefits in a lower rate environment. Traders are still on the lookout for clarification on whether gold bar imports would be subject to tariffs. The US Customs and Border Protection agency stunned the market last week by saying they would be subject to duties, which prompted a spike in the premium for gold futures in New York over the spot price in London. On Monday, Trump said there would not be a levy but didn't elaborate. Futures and spot prices continued to converge after Trump's latest comments. The December contract on New York's Comex held near $3,400 an ounce on Wednesday, while spot gold traded near $3,355 an ounce. Gold has climbed about 28% this year, with the bulk of those gains in the first four months. It has been supported by heightened geopolitical and trade tensions that have spurred haven demand, along with strong central bank purchases. Spot gold edged 0.4% higher to $3,360.70 an ounce at 8:25 a.m. in London. The Bloomberg Dollar Spot Index was down 0.1%, after posting a 0.4% loss on Tuesday. Silver climbed as much as 1.3%, while platinum and palladium also gained. Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Dubai's Housing Boom Is Stoking Fears of Another Crash The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results A $340 Million New York Office Makeover Is Converting Boardrooms to Bedrooms ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Berkshire Hathaway's (BRK.B) New Mystery Stock Is About to Be Revealed
Berkshire Hathaway's (BRK.B) New Mystery Stock Is About to Be Revealed

Business Insider

time5 hours ago

  • Business Insider

Berkshire Hathaway's (BRK.B) New Mystery Stock Is About to Be Revealed

Berkshire Hathaway's (BRK.B) new mystery stock is expected to be revealed in a regulatory filing on Aug. 14. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Speculation on Wall Street and social media is that the holding company run by Warren Buffett has invested about $5 billion in a publicly traded industrial company. The name of the new stock was hidden in the regulatory reports that Berkshire Hathaway filed in this year's first and second quarters. Buffett often requests to shield the name of a new stock he is building a stake in to prevent other investors from mimicking his moves and pushing share prices higher. However, the name of the latest mystery stock is now expected to be revealed as the U.S. Securities and Exchange Commission (SEC) requires Berkshire Hathaway to disclose all of its U.S.-listed equity holdings at mid-year (June 30). Other Portfolio Changes Berkshire Hathaway typically waits until the last possible day to make its 13F regulatory filing with the SEC, which would be Aug. 14. Analysts say the new filing could show that Buffett made further sales of Bank of America (BAC) stock after reducing its stake in the lender by nearly 40% since July 2024. Berkshire Hathaway's most recent mystery stock turned out to be insurer Chubb (CB), which it hid from view in late 2023 and early 2024 as it accumulated a $7 billion stake in the Swiss insurance company. Warren Buffett also sought confidential treatment when he was first buying shares of oil major Chevron (CVX) and telecommunications giant Verizon Communications (VZ). Is BRK.B Stock a Buy? Only one analyst currently offers a rating and price target on Berkshire Hathaway's more affordable class B stock. So instead, we'll look at the stock's three-month performance. As one can see in the chart below, shares of BRK.B have declined 9.21% in the last 12 weeks.

On Is Paying 40 Percent on Vietnam Imports to the US: Here's Why the Brand's CEO Isn't Worried
On Is Paying 40 Percent on Vietnam Imports to the US: Here's Why the Brand's CEO Isn't Worried

Yahoo

time15 hours ago

  • Yahoo

On Is Paying 40 Percent on Vietnam Imports to the US: Here's Why the Brand's CEO Isn't Worried

On Holding AG is eyeing a business model that is expected to help insulate it somewhat from tariff surprises. Martin Hoffmann, CEO and CFO, said that during the company's second quarter earnings conference call to investors Tuesday that On implemented selective price increases in the U.S. in early July. He also said raising prices had no impact on the firm's second quarter profitability. More from WWD On Holdings Readying Zendaya Apparel Offering as Brand Continues to Outperform Shoe Firms, Consumers Get Big Break as Trump Extends China Tariff Deadline Where's the New Opportunity in Footwear Production? Jack Erwin President Sounds Off 'Considering our strong performance in Q2, continued powerful momentum in the first weeks of Q3, a strong order book for the fall/winter season and the continued efficiency tailwinds driven by our focus and commitment to operational excellence, we are increasing our 2025 guidance across all line items with high expectations for net sales growth, gross profit margin and adjusted EBITDA margin,' Hoffmann said. The company also raised guidance in the first quarter following an earnings report that was ahead of expectations. The second quarter net loss was 40.9 Swiss francs, against net income of 30.8 million Swiss francs a year ago. Net sales grew by 38 percent to 749.2 million Swiss francs, from 567.7 Swiss francs a year ago. The company now expects net sales at constant currency rates is forecasted to be up at least 31 percent year-over-year, ahead of prior guidance of at least 28 percent. Hoffmann said the increased outlook already includes the impact of a 20 percent incremental tariff on imports to the U.S. from Vietnam and the 10 percent assumed in previous guidance. While not thrilled about the higher tariff rates, Hoffmann also isn't worried about them. The CEO said that On has been paying around 20 percent import duty on the majority of imported product to the U.S. from its Southeast Asian manufacturing countries, and now that's shifting to 40 percent for imports from Vietnam and to 39 percent for imports from Indonesia. The U.S. disclosed last month that it has the framework for a preliminary trade agreement with Vietnam for a 20 percent tariff, with final terms still to be negotiated. The framework for a trade deal with Indonesia also disclosed last month, calls for a 19 percent tariff rate. Specifics for Trump's trade deals have not been disclosed, and Hoffmann's projections suggest that the new tariffs are stacked on top of existing duties. 'As a premium brand and as a fast-growing brand, we have multiple opportunities to compensate for these impacts of our cost sold,' he said. Hoffmann said investments and the upscaling of On's abilities to drive more gross profit margin translates into innovative products that come at higher price points. Those factors have increased the DTC mix, created economies of scale on product cost and fostered supply chain optimization. And even though there have been select price increases, there's still one more option that On hasn't yet needed to do. 'We have not even yet spoken to our retail partners, our factory partners, about mitigation efforts, which is still something we can do, but we haven't needed it yet. So this gives us the confidence to raise basically all our financial numbers,' the CEO said. Hoffman said that while the company is just a year-and-a-half into its three-year strategic plan, On is 'far ahead of expectations.' He said the momentum for brand awareness growth will 'carry forward with the launch of the Cloudboom MAX next week,' describing it as the first super shoe for the everyday runner and one that he and others at On will be wearing in their fall marathons. The CEO also said that gross profit margin increased by 160 basis points year-over-year to 61.5 percent, an indication of the strength of the premium position of the brand. 'The year-over-year increase was primarily driven by the high DTC share, lower freight expenses as well as a net foreign exchange tailwind from the further depreciation of the U.S. dollar during the quarter,' he said. As On continues to build iconic footwear franchises, the company also is starting to merge sports with fashion as it aims for a premium lifestyle focus with higher price points that allow for high profit margins. 'What truly excites me is that we're not just creating footwear, we're building iconic franchises. Today, we have nine distinct footwear franchises, each contributing more than 5 percent to our top line,' co-founder and co-chairman David Allemann said on the conference call. 'That kind of balance isn't an accident. It's the result of a year's long focused strategy to build resilience into our portfolio.' He noted that the company is building a business that has the potential to have a 'very high margin profile.' The business model has the brand expanding beyond footwear to include apparel. That transforms On to 'somewhere between a sports brand and a fashion brand,' with a placement at the 'intersection of performance, innovation and fashion' that allows it to have 'very, very high price points,' the co-chairman said. Iconic footwear franchises include Cloudsurfer and Cloudmonster, and the Swiss brand is seeing momentum with the newly launched Cloud 6. Footwear sales in the second quarter ended June 30 rose 36.0 percent at constant exchange. Apparel, representing just about 7 percent of total sales, is gaining traction. The Zurich-based brand previewed its Spring/Summer '26 collection during Paris Fashion Week, and is set to launch an apparel line with brand ambassador Zendaya this fall. 'What connects footwear and apparel is On's strive in technological innovation and our routes in Swiss engineering and design,' Allemann said, noting that those factors allows the firm to 'build a truly resilient portfolio.' 'But our product resilience is about more than just footwear and apparel — it's our commitment to win in multiple sports,' Allemann said. 'We started in running, but we successfully expanded to trail, outdoor, tennis and training, moving us closer to our vision of being the most premium holistic sportswear brand.' He also emphasized that while On is fundamentally a sports brand, the cultural shift towards sport as the new 'uniform' creates a lifestyle focus that unlocks a much larger addressable market. One example cited was the recent Loewe x On Cloudtilt collaboration sneaker, which retailed at $590 a pair and was 'sold out almost entirely within days.' The co-chairman said that wholesale — up 23 percent in the quarter — remains a vital distribution channel, citing success with 'over 11,000 stores globally from the biggest players to local running specialty.' But it is the direct-to-consumer (DTC) business that is the standout that has driven large gains, both online and in physical retail. DTC represents 41.1 percent of total sales and remains a huge growth area for On. The company, which operates 54 company-owned stores worldwide, is also seeing untapped potential for stores across Europe, particularly in France, Italy and Spain, as well as triple-digit growth in Asia, especially in Singapore and Thailand. The co-founder also noted that a few weeks ago, the company launched its first LightSpray factory in Zurich, with four robotic arms. 'It's a path to the future of manufacturing, faster, less labor-intensive, in various locations with a much simpler supply chain that's closer to consumer demand,' Allemann said. LightSpray technology cuts a multi-part production process into a three-minute, minimal-waste step, creating the lightest racing shoe — its Cloudboom Strike LS — that weighs just 170 grams. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store