TOKYO -- Many consider digital innovation a ticking time bomb for the luxury mechanical watch industry. Yet, as IWC Schaffhausen CEO Christoph Grainger-Herr put it: "Times change, but time essentially does not change."
Grainger-Herr, who became chief executive of the watchmaker in April, told the Nikkei Global Management Forum on Tuesday that mechanical timepieces and digital smartwatches are "fundamentally different products" and do not cannibalize each other.
