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 ›
(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 ›
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 ›
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 ›
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 ›
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 ›
H. Moser & Cie. are nothing if not unpredictable, and once again they have surprised us, announcing a partnership with Christie’s to auction a special single piece each year, the proceeds of which will be donated to the Fondation pour… Read More ›
In breaking news, CEO Aldo Magada is leaving his Zenith, with Jean-Claude Biver taking over the temporary helm. The press release is below. Horologium met Mr Magada during Baselworld 2016. To read our interview, click here.
Bain & Company’s annual global luxury study, released in collaboration with the Italian luxury goods manufacturers’ industry foundation Fondziona Altagamma, has found that the global luxury market is growing at 4% to an estimated 1.08 trillion EUR in 2016. China… Read More ›
On 5 November 2016 the Richemont Group announced their most recent six month results, which were significantly below the same period last year, reflecting the difficult period that the watch industry is still under. Most markets reported a downturn, and… Read More ›
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