After the expected dramatic falls in May 2020, the Federation of the Swiss Watch Industry (FH) reported that watch exports continued to fall sharply in June, with the value falling 35.1 per cent compared to June 2019, to CHF 1.1… Read More ›
Industry news
INDUSTRY NEWS: Swatch Group releases half year report 2020
The Swatch Group has released its half year report for 2020. The year started strongly with an operating margin of 21.4% in the Watches & Jewellery segment (without Production) and 17.3% for the overall Group despite COVID-19 lockdowns in mainland… Read More ›
INDUSTRY NEWS: James Murdoch set to invest in Baselworld organiser MCH Group
The ongoing saga of Baselworld and organisers the MCH Group continue, with the surprise announcement that Lupa Systems LLC, an investment firm founded by James Murdoch in 2019, has been in talks to take a 30-44% stake in the Group…. Read More ›
INDUSTRY NEWS: Swatch Group announces management changes for brands
There may be fewer releases this year, with many brands deciding to hold back new models until the situation is more stable, but it is by no means a totally quiet period. The Swatch Group has announced changes to its… Read More ›
INDUSTRY NEWS: Swiss watch exports for May 2020
The effects of COVID-19 on Swiss watch exports this year continued through May, with exports dropping 67.9% compared to the May 2019, following April’s 81.3% fall. The FH have called the last two months periods of “quasi paralysis”. Overall, exports… Read More ›
INDUSTRY NEWS: Frédéric Arnault to become new TAG Heuer CEO
The LVMH group has announced the appointment of Frédéric Arnault as the new CEO of TAG Heuer, effective 1 July, 2020. He will take over from Stéphane Bianchi, who will become head of LVMH’s new Watch and Jewellery Division that… Read More ›
INDUSTRY NEWS: Swiss watch exports for April 2020
Last month we reported on the Federation of the Swiss Watch Industry FH’s report on Swiss watch exports for the month of March 2020. It showed a fall, but the expectation was that April’s results would be considerably worse, due… Read More ›
INDUSTRY NEWS: Chopard’s new Colombian gold mining initiative
We have previously mentioned Chopard’s commitment to Fairmined® gold (they call it their “Journey to Sustainable Luxury”); since 2018 they have achieved a 100% ethical gold supply chain for watches and jewellery. Now, they have announced a partnership with the… Read More ›
INDUSTRY NEWS: Baselworld 2020 update
In the latest news regarding the beleaguered Baselworld, organisers the MCH Group have issued the following press release : Baselworld: agreement with exhibitors and examination of new platforms The MCH Group and representatives of the exhibitors at Baselworld have reached… Read More ›
INDUSTRY NEWS: Swiss watch exports for March 2020
The Federation of the Swiss Watch Industry FH has released its latest report on Swiss watch exports for the month of March 2020. Not unsurprisingly, there was a sharp fall, and a further deterioration is expected for April as a… Read More ›
