Tick-tock – we all want a clock

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LVMH announced that it had acquired Swiza, the owner of Swiss horology brand L’Épée 1839, at the end of June. The statement contained the usual corporate blandishments: it was a “jewel in the crown of haute horlogerie”, there was a “determination to preserve and develop historic savoir-faire”. What made it unusual was that the manufacturer in question is…