The flurry of technology deals luxury watchmakers announced this week to tackle the Apple Watch threat are more a way to hedge their bets in case the smartwatch market takes off than a strategic U-turn. On Thursday, LVMH’s (LVMH.PA) Tag Heuer and Bulgari, and Kering’s (PRTP.PA) Gucci were among the more than dozen or so watch brands that announced partnerships with technology companies.