Raketa, the beating heart of Russian watchmaking – Europa Star
Founded in 1961 in honour of the space exploits of Yuri Gargarin (Raketa means “space rocket” in Russian), the large watchmaking factory from the period of Soviet centralisation, which produced millions of timepieces a year and employed thousands of workers, had shrunk to a tiny brand producing $100 souvenir watches for Western tourists in search of Soviet “memorabilia”. But in actual fact, its history dates back much further than the Soviet era. It is the heir to the former Imperial Peterhof Factory, founded in 1721 by the Czar Peter the Great.
David Henderson-Stewart, a young Franco-British entrepreneur (with Russian origins) living in Moscow, knew nothing about watchmaking, but was convinced his project – to relaunch an important, truly Russian luxury brand for a market that buys mainly foreign high-end goods – was valid. It was rather by chance that he chose Raketa to realise his idea of a Russian luxury brand: browsing watch blogs, he noticed that Soviet watches had an international audience of enthusiasts. It seemed like a good starting point.