Business Forum Please click here

Business Focus >>

Homeworking Homeworking

Leading the homeworking revolution, we profile 30 of Britain's brightest entrepreneurs who run their businesses from home and say it's more than a lifestyle benefit - it's a competitive advantage too.

  • hot
  • hot 100
  • 50 to watch in mobile
  • Entrepreneurs Summit

Outsider shakes up luxury watch industry


Your email address:   
Friend's email address:   
   

by Rebecca Burn-Callander - Friday, 9th May 2008

Outsider shakes up luxury watch industry

Laidlaw founded Jura Watches some six months ago. In that time, he has shown more spark and innovation than his rivals have managed in decades.

How?

“I come from outside the industry,” he explains. “If you come from within a sector, you might have knowledge and experience, but your views and opinions are formed over many years. What you might think is a radical change, from an external point of view, is in fact relatively minor.

“I started with a clean sheet of paper. I could look at the business, free from the preconceptions of how traditional retailers do things.”

Jura Watches sells Swiss-made luxury watches. But unlike rival firms, Laidlaw has totally shaken up the way these items are sold. The Jura store has been designed to “delight and amuse” its customers. From the giant 103” plasma screen, which covers a whole wall, to the ice sculpture of a mountain landscape opposite, it’s an entirely different shopping experience.

“The Jura region is this beautiful, tranquil, peaceful, mountainous area,” says Laidlaw. “It lies between Basel and Geneva, where 99 per cent of the world’s finest watches are made. The ambience of the store transports our customers there.”

Besides the ice mountains, Laidlaw reinforces the “Swiss-ness” of the shop by pumping a “mountain air” smell throughout the store. “It’s very subtle,” he says. “You’re not knocked out by alpine freshness.”

No other watch retailer even comes close to this kind of attention to detail. “We’re not Watches of Switzerland, mark two,” says Laidlaw, who spent £350,000 kitting out the store. “Traditional retailers that just show watches in cabinetry cannot communicate the brand values and the heritage of these watch manufacturers.”

It’s not all about flashy gimmicks, though. Jura also treats its customers like gold. Not surprising, given that their average spend is around £2,000.

“Every one of our customers gets a free membership to Jura concierge,” says Laidlaw. “The service is operated by Ten Lifestyle Management, with a value of £1,800. Even if you buy a watch for £500, we will give you unlimited access to the service – find tickets to a sold-out concert, charter a private jet, find a plumber in Hackney – that’s what the service allows you to do.”

Added plus points of shopping with the Mayfair-based firm include: one year’s free insurance on all watches; free watch-strap resizing; free same-day delivery within the M25 (“If a city trader buys a watch online in the morning, he can be wearing it by lunchtime") and free gift-wrapping.

“That’s what makes us unique,” says Laidlaw. “We provide a whole host of services and extras that people will never be offered by traditional retailers; they haven’t changed for decades.”

Tags: ten lifestyle management, entrepreneur, traditional industry, retail, jura watches, alastair laidlaw,

Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

BUSINESS NEWS >>

Office Relocation: A ‘How To Guide’

By Real Business - May 15, 2008 4:09pm GMT

Office design and build specialist Morgan Lovell has helped thousands of companies successfully move into new workplaces. Here are its ten top tips to make office moves run like clockwork.

Heathrow's T5 was "the right move"

By Kate Pritchard - May 14, 2008 3:52pm GMT

Despite the public backlash, the 20,000 pieces of lost luggage and hundreds of cancelled flights, Asian entrepreneur Surinder Arora says the government was right to give British Airports Authority its blessing to expand Heathrow airport.

Vegan company brings meat to the masses

By Melissa Hancock - May 14, 2008 2:25pm GMT

Set up by a vegan father and daughter team in 2003, Beanies Health Foods has simultaneously cornered a niche and appealed to the mainstream by selling meat-replacement foods.

Divorce makes you a better investment, says Jon Moulton

By Stuart Rock - May 14, 2008 11:35am GMT

Divorce rates are an effective indicator of managerial capability, says private equity guru Jon Moulton

Jon Moulton warns of bad managers and a rise in crooked ones

By Stuart Rock - May 14, 2008 9:43am GMT

Jon Moulton of Alchemy Partners has lots of ways of spotting bad managers


BUSINESS COMMENT >>

The Apprentice: that's what I'm talking about

By Matthew Rock - May 14, 2008 10:40pm GMT

Why it's a really important programme and we'll continue writing about it.

Simon Woodroffe gets “down with the kids”

By Rebecca Burn-Callander - May 14, 2008 5:45pm GMT

At a Skill! event held at the Merril Lynch offices in St Paul’s today, the Yo! Sushi founder entertained students and teachers alike. But did he go too far?

Women entrepreneurs: the statistics

By Catherine Woods - May 12, 2008 5:09pm GMT

The government’s released some fascinating statistics today about female entrepreneurs and what they’re getting out of starting up on their own.

Dun Deal

By Matthew Rock - May 09, 2008 5:09pm GMT

As Carphone Warehouse founder Charles Dunstone flogs half his retail estate for £1bn to Best Buy, we ask: what kind of entrepreneur is the chipper one?

The Apprentice: Sir Alan's youthful indiscretions

By Matthew Rock - May 07, 2008 10:07pm GMT

Two go, but between the lines something even more interesting...


Click here to sign up for the Real Business newsletter
Real Business Front Cover