Latest news with #IlariaResta
AU Financial Review
07-05-2025
- Business
- AU Financial Review
Why you may still be waiting two decades for a Royal Oak watch
Ilaria Resta has bad news. Rumours keep swirling that Audemars Piguet, of which she is chief executive officer, is set to open its first Australian boutique, a development that should make the possibility of securing one of its sought-after watches slightly more achievable. Resta sends her apologies. 'We don't have any concrete plans,' she concedes in her heavy Italian accent. 'But our distribution network is extremely tight.' I'm speaking with Resta in Le Brassus, a small village in Switzerland's Vallée de Joux that's home to AP's headquarters, museum and manufacturing. Dressed head-to-toe in black, she's sitting in a heated cubicle outside Hôtel des Horlogers, a 50-room boutique establishment designed by Danish starchitect Bjarke Ingels that represents AP's first foray into luxury hospitality. Such extracurricular ventures are possible when Morgan Stanley proclaims you to be the world's fourth-biggest watch brand with an annual turnover of 2.38 billion Swiss francs ($4.27 billion).
South China Morning Post
27-02-2025
- Business
- South China Morning Post
Audemars Piguet's calibre 7138 perpetual calendar movement a ‘game changer'
Watch brands love an anniversary, big or small, and treat them as a way to showcase their technical skill. This year, Audemars Piguet celebrates its 150th, so it is no surprise its research and development teams worked for five years to create something they believe might change watchmaking for the next 150. Advertisement On February 17, AP showcased the fruits of that labour at the Arc, the watchmaker's nearly 194,000 sq ft new manufacturing centre in Le Brassus, Switzerland. The futuristic building, which is still only partially open, curves around the existing Manufacture des Forges and brings much of AP's production across the Vallée de Joux under one roof. Here, chief executive Ilaria Resta and her team showed new watches and celebrated the brand's history. The star of the show was calibre 7138, the new perpetual calendar movement, called a quantième perpétuel, or QP, in French. Sebastian Vivas, the company's heritage and museum director, said: 'The QP is the game changer.' A perpetual calendar is one of horology's oldest and most esteemed complications. It will accurately show the day of the week, date, month, week number and moon phase, even across leap years – which it also indicates, usually on a small subdial with four segments. Advertisement Keep it wound, and it will be accurate until the year 2100 – when there's a single-day deviation in the Gregorian calendar.
Bloomberg
25-02-2025
- Business
- Bloomberg
With a Simple Twist, Audemars Piguet Revolutionizes Perpetual Calendar Watches
Pursuits The Swiss brand introduced a range of new timepieces in honor of its 150th anniversary—including the calibre 7138 movement, which solves a pesky problem with perpetual calendars. Watch brands love an anniversary, big or small, and treat them as a way to showcase their technical skill. This year, Audemars Piguet celebrates its 150th, so it's no surprise its research and development teams worked for five years to create something they believe might change watchmaking for the next 150. On Feb. 17, AP showcased the fruits of that labor at the Arc, the watchmaker's nearly 194,000-square-foot new manufacture in Le Brassus, Switzerland. The futuristic building (which is still only partially open) curves around the existing Manufacture des Forges and brings much of AP's production across the Vallée de Joux under one roof. Here, Chief Executive Officer Ilaria Resta and her team showed new watches and celebrated the brand's history.
