Jaeger-LeCoultre was once the top-selling watch brand in the Richemont Group, a top-10 brand globally, and a GPHG darling under the legendary Gunter Blumlein. Today, it's slipped to number 16 in the industry and lost much of its cultural relevance. What happened?Gabe and Asher unpack JLC's rise, decline, and possible rebirth in light of reports that a consortium led by CEO Jerome Lambert may acquire the brand from Richemont. They argue that JLC has been boxed in on all sides — unable to compete upmarket with Vacheron and Lange, unable to lean into shaped watches alongside Cartier, and stuck producing safe, spreadsheet-driven product instead of the boundary-pushing watchmaking its 1,200-caliber history warrants.With independence potentially on the horizon, the hosts debate what a liberated JLC could look like — and why this might be one of the most exciting stories in the watch industry right now.Openwork is a weekly podcast about how the watch industry actually works. An unfiltered look behind the scenes — no press releases, no hype, and no sponsored takes. Hosted by Asher Rapkin and Gabe Reilly, co-founders of Collective Horology. Available on Apple Podcasts, Spotify, YouTube Music, or wherever you get your podcasts.You can find us online at collectivehorology.com. To get in touch with suggestions, feedback or questions, email [email protected].