There have been many changes to the Salon International de la Haute Horlogerie in the past three years, from the addition of the Carré des Horlogers and brand expansion to the introduction of public days. These are continuing, with the… Read More ›
Industry news
INDUSTRY NEWS : new CEOs for Jaeger-LeCoultre and Baume et Mercier
After a movement-filled 2017 for Richemont senior executives which started with both Board level and structural changes, not to mention a major departure, the South China Morning Post has reported that the Asia-Pacific President of Van Cleef & Arpels, Catherine Renier,… Read More ›
UPDATE : Fortis bankruptcy debt deferral
Since we wrote about Fortis being in bankruptcy deferral in November 2017 there have been a number of documents released by the Swiss Official Gazette of Commerce (SOGC) relating to this case (see below). As we reported in November, the… Read More ›
NEWS : Swiss watch exports rose in January 2018
The year has started on a more optimistic note for the Swiss watch industry, with the FH reporting that watch industry exports rose in January, with a value of 1.6 billion CHF, a 12.6% growth against January 2017. Meanwhile, total… Read More ›
INDUSTRY NEWS : Fortis Uhren in bankruptcy debt deferral
It has been reported on the 24 heueres website that the watch brand Fortis Uhren has filed for debt protection under Swiss insolvency laws. Fortis was founded in 1912 in Grenchen by Walter Vogt, and has been most widely known… Read More ›
INDUSTRY NEWS : major changes to Baselworld 2018
The behemoth that is Baselworld, the watch industry’s largest fair shrunk a little in 2017, most noticeably with the elimination of the Palace, which was both an exhibiting space for a number of small and independent brands, and a meeting… Read More ›
NEWS : Richemont announces changes to Senior Executive Committee
Richemont has just announced some changes to its Senior Executive Committee. The most notable of these is the creation of a new Chief Operating Office position, to be filled by Mr Jérôme Lambert. He will be responsible for all… Read More ›
INDUSTRY NEWS : EU General Court rules on the supply of spare parts by Swiss watchmakers
The EU General Court has rejected the second appeal brought on by the Confédération Européenne des Associations d’horlogers-Réparateurs (the ‘CEAHR’) which challenged the European Commission’s decision in 2014 to close investigations into claims that watch groups such as Richemont, Swatch… Read More ›
INDUSTRY NEWS : De Bethune sells majority stake to investment consortium
Independent brand Manufacture De Bethune has announced that it is selling the majority of its capital to an investment consortium led by Pierre Jacques, former CEO of the brand, and private equity investor Giovanni Perin. Co-founder and COO Denis Flageollet… Read More ›
E-COMMERCE : Chopard, Piaget and Panerai
The march by watch brands towards selling directly online continues apace, with Chopard, Piaget and Panerai having recently joined Mr Porter/ Net-A-Porter. The most recent addition is that of Officine Panerai to Mr Porter, with twenty-five models from its Luminor… Read More ›
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