146: Should TAG Heuer drop TAG from their name? - podcast episode cover

146: Should TAG Heuer drop TAG from their name?

Jul 22, 202417 minEp. 146
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Episode description

In this episode we answer questions from @syktgrei, Wayne, and @onceuponatimetherewerewatches about a few subjects, like whether TAG Heuer should go back to just being Heuer, and whether we have had watches that had bad associations with them that made us not love them (spoiler, yes we have).

Transcript

Welcome to this Watch LIVE. Hi, I'm Lydia Winters. And I'm Boo booy and Sitare asks why don't LVMH drop the tag and return to just Hoyer? My subconscious seems to think their word tag cheapens the watches. Yes, I'm a watch enthusiast, but my aversion to the green tag part of the logo stretches back to my teens, late 90s, early 2000s, when it was splashed up and down every mall in Scandinavia. I'm more Lydia's age than Vu's age. Hey, there's nothing wrong with

Vu's age. OK, let's just be clear. Could this be a generational thing? What do you think? Oh, I loved this question. And I started with a history, a history lesson. So in 1985, that was when the company changed their name to Tag Hoyer. So that was when the techniques stay on guard. The Tag part, who was known for their high tech products, acquired the Hoyer company in 1999. That's when the Tag Group sold the majority of Tag Hoyer to LVMH.

So Tag kind of says that under the new ownership of Techniques, the avant-garde business group, TAG Hoyer made the transition from a brand associated with mechanical chronographs to a company designing watches for the 21st century. I thought that that description is probably why a lot of enthusiasts may wish it to go back to Hoyer, which was the focus on chronographs. Sports watches, you know, the Skipper, the Formula One, like the Carrera, those were all in

this heyday. Yeah, yeah, yeah, no. And I agree. Yeah. In 1999, when LVMH acquired Tag Hoyer, one cool thing is that they actually rehired Jack Hoyer, who had sold the company in 1982 because he he couldn't, you know, make them make enough money to keep it. And they actually hired him to return in 2001 as the company's honorary chairman. That's cool. So that was to kind of bring this like the heritage of the brand back to new enthusiast.

So I thought that was really interesting to think about. I mean, I must say I actually only know the Tag Hoyer brand. I didn't know anything. I didn't have any idea that it was ever called Hoyer until I was part of the watch community.

So I actually think because of all of the notoriety they have gained, what whether it's through ambassadors or all different things, they're actually making it so that like to me, if they dropped the tag part, people the like the average person would be like, what? Yeah, yeah, yeah, yeah, I, I think I, I agree with you. I don't know if our ten years not that much age gap. It makes a huge. Different generation though. Ten years is not a generational gap.

OK, I just happen to be tail end of Gen. X. Different generation. You're in a different generation. OK, anyway, so here's how Like, OK, there's a couple of things to parse here. Number one, buying a company and then sticking your name over the name of the company is a bold move. And it's also a little bit strange today it but there are other watch brands and other

brands who have done that right? Like this is not unheard of that a company buys a company and they put their but think about it. Well, like the colt they put Jaeger later. Yeah. So like if you think about it in today though and maybe acquisitions happen more today. I, I don't know the statistics, but kind of feels like with tech companies for sure, it feels that way. Like think about it. If when Facebook bought Instagram, if they just called it, oh, now it's called Facebook, Instagram.

And then you know, and everything they buy, they just put Facebook on top of it. It would be pretty weird, right? Even though we know that Instagram is part of Facebook, the brand doesn't need to be Facebook Instagram. But we live in a different time now and information is shared differently now. So I could see why they would do that back then, even outside of the fact that they were kind of like, hey, the tag part means we're bringing technology.

This is a new world. Like old mechanical stuff is out, we're going to the new world. Even without that, I could still see why they would do it. But that being said, I had a very different view of tag because when I was in my, I guess my early 20s, my boss at the time had told me, like when I make it, I'm going to buy A tag Hoyer. Like when I have money, I'm going to buy A tag Hoyer and for some reason I didn't even like this guy, right? Like he wasn't a big figure in

my life. I I didn't dislike him either. I just. Yeah, he wasn't like someone he. Was just my boss, he was fine, kind of a silly guy sometimes but nothing against him. But also he wasn't someone I looked up to. However, that statement stuck with me for years and years. Years and decades until you went to buy me a watch and I said, well, I want A tag Hoyer.

And it was, I truly believe it was only because of that statement, because I, I, I don't have any other moment in time that I can think of tag Hoyer being anything. So there's all kinds of weird reasons that. And you also bought me A tag Hoyer. That was my first luxury watch because. We made it. But yeah, it's just kind of one of those things. So I don't think it's only a generational thing. I think it's also how'd you get

into watches, right? If you got into watches through someone who knew the Hoyer brand already, then they probably were like, yeah, this whole Tag thing is stupid, right? So you need to hate it and then you probably hate it. If that's how you come in, then that may be your introduction is like Hoyer used to be amazing, then TAG took over and nowadays it's not as good as it used to be. And so then you kind of have this distaste for the name tag.

But I do think it could be a huge mistake for them to drop it. Yeah, I mean, I think it's interesting because what he's saying is like, it's because of how much it was like splashed everywhere and every mall in Scandinavia. And I do think, you know, because Tag is like a luxury watch brand, but they are or historically have been a little more of that affordable or entry level luxury, entry level, an entry level luxury watch brand.

They are the watch brand that you are are going to see kind of like a lot of advertisements at the mall at, at like the general airport, not the Geneva airport where they're like showing the, you know, a reshard meal. We used to. See tag ads in many of the airport parts we'd go to. And also we see like recently, so when they launched their new avant-garde eyewear, there have been a lot of ads in Stockholm, like on a lot of yeah. We were seeing them all over one

weekend. So there's also this part where like having worked on a brand for 13 years, I know that many times like the local office does things for their local market. And so evidently, like in Scandinavia, the that sort of like signage must work where it's kind of like you see A tag Hoyer sign every, you know, like every bus stop in some cases

recently even for the eyewear. So I do understand there's that feeling of like, oh, they're pushing something on to me, but it probably was working because they're still doing it, you know, 3030 years later. Scandinavia is currently plastered with Tag Hoyer ads. Yeah. I mean, it is really interesting because you know, when I'm in different places in the US, I'm not, I'm not seeing it in the

same way. So that may be like a very yeah, maybe for the Scandinavian market because you do have these different markets have different things and yeah. So I'm so I'm so curious about that. But for. I know I was just going to say I will say that after you bought me that watch and then years later when I started becoming more a part of the watch community, then I like didn't like that watch for a while because I was like, it's A tag Hoyer.

And you know, when you get into the watch community online, big parts of the watch community say that tag Hoyer is a terrible company and they don't make good watches anymore, or at least they were. You know, there's a little comeback these days, at least in the watch enthusiast community. But like those types of things do affect how you see things.

And I think if this what if the trajectory they've been on recently with the watch enthusiasts, you know, I don't know what their sales are like all the time, but like with watch enthusiasts, then maybe we will get to a place where people aren't talking about like drop the tag, like let's go back to Hoyer. Like, because what they're doing is so great. It's kind of like Tutor. They were years back. People viewed Tutor as just a

cheaper version of Rolex, right? And now it has its own, it feels like. Its own brand, so these things can change over time, but the company has to work hard on that. It's not. Going to just change itself. Yeah, exactly. And I was thinking about this because I was watching, you know, my favorite movie, The Fall Guy, again last night with Ryan Gosling. 4th time I. Don't know, looking at that gorgeous tag Hoyer and also a friend of the podcast Trish

Watchgirl life. She just got a new glass box Carrera reverse panda and that the glass box Carrera is one that I have tried on multiple. Sometimes I just think it's awesome and it really feels like it's that mix of heritage Hoyer plus the tag. And I think if they can keep going in that, you know, sweet spot, it would be awesome. Not sure about the avant-garde eyewear, but you know, what can you do? OK, Once Upon a time there were watches, asks. OK. That's the name. Yeah, that's the name.

Have you ever had a watch that you wore in some context which became a negative experience, therefore you associate the watch so much with that experience that you had to sell it? An example from my own life was a Swatch collab Momo Momo Starry Night because I bought it because it had a little color and it would fit into a visage

of my artwork. On the 1st occasion at the opening I had a horrible night, I'm kind of paraphrasing here, a horrible night and I associated the watch with that ever since and then had to sell it. Do you have a similar experience from your watch life? I do. Years ago a friend of mine gave me a watch. It was a nice watch we but we had given each other nice gifts and that friend later became not my friend in a in a very extreme way, right as friend this can happen.

You know, you think you know each. Other and that, but that also could be for people who are like, they give watches back and forth and then they break up. Yeah, and break. Up yeah, I never thought about that version of that I always feel that I'm like stuck with you now you. Do even though when I made you a chair, you made me promise that if we broke up, you get to keep that chair. So which is the weirdest request, But anyway, so, so this friend and I, I guess broke up,

right? And even though I liked the watch watch, I no longer wanted to wear it. It just didn't feel it. It just didn't feel like it had come from a good place. And it just, yeah, I lost love for that watch. And so I sold it. Yeah, I was thinking about this one of mine. I've told this story before, but you bought me a Nomos Orion and what you agreed on, it was a little was more about work, like

a work thing. And then when I didn't feel like I didn't feel that that really like resonated with me or like, it felt a bit like I wanted the watch to be from you and not put it into work. And so I just could never get over that, that initial like, Oh no, it says something about work, but it's the thing for us. Yeah, it's it's super weird. But I do understand that feeling like oh, it just doesn't. Something doesn't feel right. In a different context than what

you. Want exactly? Yeah, I wanted it to be a love watch. Love, love. Love, love me Boo, Love me Boo. Please. Everyone's worried you don't love me enough. Wait, are they? I don't. Haven't seen these comments. That's the silliest thing I've ever heard. I'm just kidding. He adores me. Don't worry everyone OK, but I was thinking about our amazing friend Britt Pierce, incredible YouTube and all around person. She had a huge accident. I mean like a life threatening

accident on her bike. She's talked about it on her channel, so I'm not telling something that I that I shouldn't, but she was wearing her Rolex OP in black and she actually has use that watch as something that feels really special to her that it survived this traumatic event. And I just thought how amazing Britt is that she goes with the positive side because she would be like, Oh, this watch reminds me of like this absolutely horrible moment.

And instead she felt like, oh, this watch is like a survivor like me. And I think that's really amazing. And so it it did make me think about how I could just frame things a little differently and make sure that I, I really love all of the watches that I have. But yeah. OK, one last super quick question for you. Vu Wayne asks Episode 57 recap on sharing watches. Was that episode 57 and now

we're at 1:46? Yes, well Wayne has been re listening to all of the episodes with his partner, so he's done a second go round, which is definitely not advisable by any by anyone, but so he he wants to know are you sharing watches? We OK, so for those of you who are not like Wayne and his partner and aren't going back and listening to everything in that one, I said that I would try to figure out a watch sharing situation with Lydia. We haven't watched.

Sharing situation tells you everything you need to know. It's gonna happen, it just hasn't happened yet anyway. Someday. Someday it's gonna, it's gonna happen. It's gonna. All the music started, so I guess we can't continue. Talking What if we do it for episode 157? That's too close.

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