Bringing together case and bracelet manufacturing alongside a dedicated new technologies hub, the complex, which opened on March 19, was developed over three years.
Deputy CEO and beauty and fashion president Jose Manuel Albesa succeeds Marc Puig, who will continue as executive chairman of the Spanish fashion and fragrance business.
Activity in the U.S. and China is expected to stabilize, while hotspots across Southeast Asia and the Middle East continue contributing to its expansion.
Luxury Unfiltered is a weekly column by Daniel Langer, an expert in luxury branding, hospitality and activations who was named a “Global Top 5 Luxury Key Opinion Leader” by Netbase Quid.
Under the hotel group’s management, the property will remain open as it transforms into a St. Regis following a renovation slated for completion in 2027.
