Archive for November, 2005

Pelagic Issues Recall of Diver Watches

Nov 24th, 2005 Comments (0) 1,518 views
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Pelagic Pressure Systems is recalling about 2,800 Oceanic and AERIS digital dive computers due to a decompression hazard. The voluntary recall is being done in conjunction with the U.S. Consumer Product Safety Commission.

"When performing a switch from one gas to another during a dive, the dive computer's display will lock up and not return to the main dive screen that displays dive times," according to a joint statement. "This can cause divers to enter decompression unknowingly or the diver could ascend prematurely, resulting in decompression sickness."

Pelagic said it has received a report of two dive computers malfunctioning. No injuries have been reported.

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Richemont and Ralph Lauren to Partner in a New Venture

Nov 12th, 2005 Comments (0) 1,682 views
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Richemont and Polo Ralph Lauren have agreed to form a joint venture to design, develop, manufacture, and distribute luxury watches and fine jewelry through Ralph Lauren boutiques as well as through independent jewelry and luxury watch retailers around the world.

The joint company will be called The Polo Ralph Lauren Watch. The partners will each own 50 percent of the new entity and said that this will be a long-term commitment.

This is Richemont’s first such joint venture with a luxury fashion designer and it is Polo Ralph Lauren’s first foray into the precious jewelry and luxury watch businesses. They said they expect products to be launched in the fall of 2008.

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Calce is Corum’s New General Manager

Nov 1st, 2005 Comments (0) 1,695 views
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Antonio Calce has been appointed general manager of the luxury watch brand Corum S.A. Calce had been vice president of operations since September 2005. The announcement was made Feb. 28, by Severin Wunderman, owner of Corum, and Michael Wunderman, president.

Calce has “concentrated on refocusing the brand through vigorous development and a sophisticated upgrading of Corum’s key models,” said the company announcement. “He has also put in place a more effective internal structure at production level with recruitment of four new department heads to provide effective support for high-end watchmaking activity.”

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