Hartmut Kraft new head of Kering luxury watch division North America

Kering, the luxury goods conglomerate, has named a new head of their luxury watch division for North America: Mr. Hartmut Kraft. Kraft will be stepping into his new role immediately, and will be responsible for overseeing Swiss watch manufacturer Ulysse Nardin Inc. and Tradema of North America. The luxury watch market is getting increasingly tougher, especially with classic luxury watch brands trying to figure out how to compete with Apple's upcoming smartwatch.