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The biggest Luxury Group LVMH Moët Hennessy Louis Vuitton SA in the world announced that the President and CEO of its watch wrist brand TAG Heuer  Stéphane Linder has resigned, and the President of wrist watch group department Jean-Claude Biver temporarily took over the job of the Stéphane Linder.

Stéphane Linder was promoted to the President and CEO of Tag Heuer in June 2013, and he was the Vice President of sales in North America of the Tag Heuer Brand. He graduated in Switzerland Lausanne federal institute of technology in 1993, and joined the Tag Heuer Swiss r&d department, followed by successively serving as New Product Popularize Manager, research and development and brand marketing and vice President of product design, and in 2010 he was promoted to his post.

In the environment of overall downturn in the luxury goods industry and the demands from emerging markets such as China and Russia continues to decline, Tag Heuer was through the restructuring for self-help.

On October 2014, Jean-Claude Biver expressed that Tag Heuer will reduce 46 management and production position and the condition of the  partially unemployment of the 49 employees will last to the end of the year, and at the same time will put off the launching of the new watches. In addition, Tag Heuer hopes to Attract new consumer groups by extending the entry level products, and is producing the first smartwatch, which will cooperate with the well-known technology companies.

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