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Please click the post button only once - your comment will not be published immediately
This website is currently in BETA

Leadership

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

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

Outsider shakes up luxury watch industry

Sometimes, ignorance is a blessing. Alastair Laidlaw knew nothing about luxury watch retailing when he started Jura Watches. And a good thing too…

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.”

BUSINESS NEWS >>

Quiet man back in spotlight as NewsCorp eyes Blinkx

By Mattthew Rock - May 09, 2008 4:44pm GMT

As NewsCorp and even Google are rumoured to be be considering bids for UK video search engine Blinkx, a reminder of the brains behind the venture.

Top ten hottest entrepreneurs

By Real Business - May 09, 2008 3:29pm GMT

During the course of the day, we do a lot of talking. Most of the time it’s about the really important stuff; stuff that matters to you. We discuss how the regulatory regime can stifle entrepreneurial Britain, finding finance when times are tough and we’re constantly brainstorming about ways we can give you what you need.

Gordon Ramsay outrages restaurant owners

By Kate Pritchard - May 09, 2008 2:42pm GMT

Foul-mouthed celebrity chef and entrepreneur Gordon Ramsay has caused fury among the country’s restaurant owners by saying they should be banned from serving fruit and vegetables that are out of season.

Outsider shakes up luxury watch industry

By Rebecca Burn-Callander - May 09, 2008 1:56pm GMT

Sometimes, ignorance is a blessing. Alastair Laidlaw knew nothing about luxury watch retailing when he started Jura Watches. And a good thing too…

Veganism – the new front in the battle to cut carbon?

By Melissa Hancock - May 09, 2008 12:42pm GMT

We all know the health benefits of a vegan lifestyle but now vegan businesses are arguing...  


BUSINESS COMMENT >>

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...

Bojo bags Mayor

By Rebecca Burn-Callander - May 06, 2008 3:01pm GMT

Boris Johnson beat Ken by 140,000 votes. Mop trounces baldie. But now the brilliant buffoon is in power, RB has one question. Can we call him Mojo?

Why this is a long weekend

By Matthew Rock - May 02, 2008 4:02pm GMT

This year, International Labour Day seems strangely appropriate.

How to win public sector contracts

By Catherine Woods - May 02, 2008 2:52pm GMT

In this year’s Budget, Chancellor Alistair Darling pledged to do more to help small businesses win government contracts.


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