Further to a post from a few days ago, the Swatch Group has reported its lowest first-half profit in seven years as demand cratered in Hong Kong, France and Switzerland. The operating profit for the first half of the… Read More ›
News
NEWS : FTC vs Shinola
During his recent visit to the U.K. President Barack Obama gave British Prime Minister David Cameron an American gift : a Shinola watch with the presidential seal engraved on the back. When the Shinola brand of watches was launched in… Read More ›
NEWS : New incoming CEO for Omega
Swatch Group AG has announced the impending retirement of Mr Stephen Urquhart from the position of president of Omega and the appointment of his deputy Raynald Aeschlimann to succeed him as of June 1, 2016. Mr Aeschilmann has been Vice… Read More ›
NEWS : Safilo Group and Swatch announce five year collaboration
Swatch are getting into glasses. As in spectacles, sunglasses and the like. A new partnership has been announced between Italian eyewear makers Safilo and Swatch Ltd to create Swatch-branded eyewear. To be launched in spring 2016, its tagline will be… Read More ›
NEWS : Politicians and watches – the tale continues
So it seems that even in Australia we cannot escape controversies involving politicians and watches. Perhaps to some degree we’ve become accustomed to it happening in Russia and the Republics or the People’s Republic of China. But Australia? In a… Read More ›
NEWS : Smart watches banned from exams
When is a watch not a watch? Perhaps when it is seen as a tool for cheating and not for time telling. According to a Sydney Morning Herald report, students undertaking their HSC (Higher School Certificate) this year will be banned… Read More ›
NEWS : Deutsche Bank on luxury brands in the Chinese market
According to Deloittes, China is currently the world’s fifth largest luxury market, and its importance to the luxury watch market is something of which the industry is acutely aware and sensitive to, both in China and in terms of travel… Read More ›
NEWS : Pyongyang Time
It is called ‘Pyongyang time’ and it starts today, August 15, 2015. A couple of weeks ago, in its latest gesture to the rest of the world and in this instance, specifically Japan, North Korea revealed it will establish its… Read More ›
NEWS : Hong Kong luxury sector’s downturn
In signs that the luxury downturn in China has well and truly hit Hong Kong, LVMH and Kering have announced actual and probable closures in the city. For LVMH, the combination of high rents and lower customer numbers have lead… Read More ›
Putin’s Spokesman’s $620,000 ‘wedding gift’ watch
Two truisims : 1. Powerful Russians like their watches 2. You can never, especially as a public figure, hide from the internet trail Russian President Vladimir Putin’s spokesman Dmitry Peskov is the latest to have his horological proclivities revealed for… Read More ›
