Subject category:
Marketing
Published by:
International Institute for Management Development (IMD)
Version: 19.01.2009
Length: 12 pages
Data source: Field research
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Abstract
This is part of a case series. In late 2007, three years after taking over as CEO of Hublot, Jean-Claude Biver could be proud of the results he had achieved. Sales of Hublot watches had grown substantially and had turned into a CHF14 million profit at the end of fiscal year 2006. Biver had more ambitious objectives for the Hublot brand for 2007 and 2008. His sales target for 2008 was to reach CHF200 million, an objective that many watch specialists in the industry perceived as a stretch.
About
Abstract
This is part of a case series. In late 2007, three years after taking over as CEO of Hublot, Jean-Claude Biver could be proud of the results he had achieved. Sales of Hublot watches had grown substantially and had turned into a CHF14 million profit at the end of fiscal year 2006. Biver had more ambitious objectives for the Hublot brand for 2007 and 2008. His sales target for 2008 was to reach CHF200 million, an objective that many watch specialists in the industry perceived as a stretch.