China’s second larget e-commerce platform, JD.com, has officially launched a new alliance with more than a dozen of its international watch brands, including new partner Chopard (which opened an online flagship store on JD.com in August), as well as Tag… Read More ›
Industry news
NEWS : Armin Strom to join SIHH 2018
Armin Strom have just announced their entry into the SIHH 2018, at which they will be part of the Carré des Horlogers. Their participation brings to five (so far) the number of brands that will be exhibiting for the first… Read More ›
INDUSTRY NEWS : Oris opens online store on Tmall
Oris is the latest watch brand to become a part of Tmall, an online e-commerce platform run by China’s Alibaba Group. They join Tag Heuer, Zenith, and Tissot, all hoping to reach Alibaba’s 500 million users. The Alibaba Group have… Read More ›
NEWS : Sinn Spezialuhren move into new purpose-built headquarters
German watchmaker Sinn Spezialuhren is celebrating the opening of a new company HQ in Frankfurt am Main that includes a showroom for current collections and an exhibition of historic models. With an area of approximately 7,000 sq metres, it is… Read More ›
INDUSTRY NEWS : Patrick Pruniaux appointed CEO of Ulysse Nardin
(Photo : supplied by Ulysse Nardin) In the latest watch executive movement news of 2017, the Kering group has announced the appointment of Patrick Pruniaux as the CEO of Ulysse Nardin, effective 28 August 2017, replacing Patrik P. Hoffman. The… Read More ›
INDUSTRY NEWS : Swiss Competition Commission looking into spare parts supply
You may recall news last year about the Swatch Group SA and WEKO’s review of whether there’s room to manoeuvre (increase supply) within the 2013 agreement to phase out movement supply by their subsidiary ETA SA. Reuters have reported that… Read More ›
INDUSTRY NEWS : LVMH reports strong first half of 2017
The LVMH Group has announced that its profit from recurring operations in the first half of 2017 jumped 23%, with revenue increasing 15% year-on-year to €19.7 billion in the first half of 2017. Bernard Arnault also paid €12 billion to… Read More ›
INDUSTRY NEWS : Swatch Group half year results
The Swatch Group recently announced positive results for the first half of 2017, with Group net sales of CHF 3,759 million (+1.2%) and a rise of 6.8% for net income, at constant exchange rates. Performance in Watches & Jewelry,… Read More ›
NEWS: Georges Kern Resigns from Richemont, joins Breitling
With Richemont Chairman Mr. Johann Rupert’s announcement today of the departure of Georges Kern, Head of Watchmaking, Marketing and Digital, it appears that 2017 is proving to be a year of much activity in the upper echelons of the Richemont… Read More ›
NEWS : Peter Speake-Marin leaves his eponymous brand
In a report on Swiss site 24 heures, it has been announced that Peter Speake-Marin has left the brand he founded sixteen years ago. This is not a sudden decision, but one over which he has been mulling for awhile…. Read More ›