Regular readers who have been with Horolonomics for a while may well recognize the name Lovell Hunter. Dial close-up of Lovell Hunter's Love 1 prototype watch. I've posted a few articles about Lovell and his career in watchmaking, you can find those here and here and here. The TLDR from those posts is that Lovell is a professional watchmaker who worked, for many years, in the service center of a major Swiss brand. Recently he struck out on his own and founded his own independent brand, Love Hunter watches. His workshop is in Connecticut and he has worked with apprentices in the past. A good number of weeks ago, a watch event in New York City showcasing independent watchmakers crossed my feed. It's called Indies.NYC . MAD Editions, Kross Studio, Ondrej Berkus and a number of other brands participated alongside Love Hunter Watches. Lovell texted me now and then to share his progress on the development of his first watch. The Instagram photo which alerted me to ...
In some ways, I could understand investor Steven Wood's debut gambit to join the Swatch Group's Board of Directors. A Swatch in the collection of the Swatch Museum. As near as I can tell, Wood appeared on the scene around eight months ago and began leveling a lot of criticism. He claimed that, in light of his concerns, the Swatch Group Board of Directors should change in composition. Wood's primary allegation seemed to be that the Swatch Group share price didn't grow at a reasonable rate. Now, in those circumstances, the solution for any investor is straightforward: pull your money out or don't put your money there in the first place. Nobody is required to hold Swatch Group shares. But for Wood, the solution seems to be a type of slow-motion managerial coup attempt, one that I find bizarre for many reasons. I'd like to outline those here. First is the fact that this really does seem like a quixotic effort. The founding Hayek family controls something lik...