Seth Semilof, Publisher of Haute Living magazine, has been a devoted watch enthusiast since he can remember. It was out of this passion that, last year, Semilof and business partner Kamal Hotchandani launched luxury timepiece website Haute Time. The two curate the site, hand-selecting all content that goes live. Semilof highlights his favorite—and the most sought-after—watch brands through weekly five-question interviews with the CEOs and Presidents of these top-tier companies. Finally, he curates the site on a daily basis, including three or more updates on newsworthy topics every day.
Swatch Keeps Ticking in a Sea of Uncertainties
Swatch’s CEO Nick Hayak continued to make the rounds of the haute horology literati this week, touting the company’s increased sales even as the European Union pursued an antitrust probe into the Swiss watchmaking giant. Gross sales for the conglomerate were $3.87 billion in the first half of 2012, up 14.4 percent from the same time period in 2011. Operating profits rose 19.4 percent, despite unstable exchange rates and a worldwide scarcity of gold. A simultaneous effort to increase the retail networks of Swatch’s 19 different brands sought to diffuse the impact of high prices across the precious metals market. READ MORE