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December 2008

Rolex Announces New CEO

Rolex SA, the Swiss watchmaker, named Finance Director Bruno Meier as head of management after Chief Executive Officer Patrick Heiniger resigned, ending almost half a century of leadership under the Heiniger family. Meier will be responsible for running the company along with the board of directors and management, Geneva-based Rolex said in an e-mailed statement today. This year will have been a "record" under Heiniger's leadership, the watchmaker added. One of Meier's first tasks will be to protect Rolex's market share as the wealthy cut spending on luxury goods. The world's richest people are likely to see the value of their assets shrink for the first time in at least 12 years in 2008, according to a report by Capgemini SA. Weaker spending may cause a drop of as much as 15 percent in Swiss watch exports next year, John

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Gérald Genta Arena Chrono Quattro Retro

Inherently elegant and fiercely independent like the classic 19th century dandies: such are the kind of men liable to adopt one of the latest Arena watches. The sporty Biretro and Chrono Quattro Retro take on an extremely chic appearance in their new red gold attire.

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A. Lange & Sohne Lange 1 Time Zone

A. Lange & Sohne recently introduced a new version of their popular Lange 1 Time Zone watch. It features a slate grey dial with a new world time ring that now includes Santiago de Chile, in place of Caracas. The change was made because Venezuela changed its time zone from Atlantic Standard Time (UTC-4) to (UTC-4:30). The watch is powered by a manually-wound Lange L031.1 caliber in-house movement.

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