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
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 ›
NEWS : Thai Deputy PM explains luxury watches to Anti-Corruption Commission
Thai Deputy PM General Prawit Wongsuwan has submitted a letter explaining his possession of a number of luxury watches to Thailand’s National Anti-Corruption Commission (NACC), after an uproar that started after he was photographed wearing two Richard Mille watches. The… Read More ›
ONLINE ONLY : Jaeger-LeCoultre Geophysic True Second Limited Edition
We have written a bit recently about the expansion of brands into online marketplaces of late but today is about Jaeger-LeCoultre doing something different with a new release – selling it exclusively to the consumer via their line boutique. Meet… Read More ›
INDUSTRY NEWS : luxury watch e-commerce continues to expand in China
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 : 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 : 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… 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 ›
