With COVID-19 still in full flight worldwide and international travel heavily curtained for an indefinite period, the organisers of the inaugural HOURUNIVERSE have optimistically announced that they still plan an ‘in person’ show in Basel during the summer of 2021…. Read More ›
Switzerland
INDUSTRY NEWS: UNESCO recognises mechanical watchmaking and art
The “craftsmanship of mechanical watchmaking and art mechanics” has been added to the United Nations Educational, Scientific and Cultural Organization’s (UNESCO) List of the Intangible Cultural Heritage of Humanity. In March 2019 Switzerland and France jointly submitted an application for… Read More ›
INDUSTRY NEWS: Deloitte Swiss Watch Industry Study 2020
Deloitte have released the 7th edition of their report on the Swiss watch industry, based on an online survey and interviews of fifty-five senior industry executives between mid August and mid September 2020, and 5,800 consumers in China, France, Germany,… Read More ›
INDUSTRY NEWS: Swatch Group shut down some systems after cyberattack
The Swatch Group confirmed the report by Swiss news agency AWP that they had been subject to a cyberattack over the past weekend, stating that they had shut down some of their systems, affecting some (unidentified) operations, as a precautionary… Read More ›
INDUSTRY NEWS: Swiss Takeover Board on Murdoch entry into MCH Group
The corporate adventures of Baselworld/ HOURUNIVERSE/ Art Basel organiser the MCH Group continue, with the latest update a consequence of the Extraordinary General Meeting (EGM) held earlier this month, during which 848 shareholders (91% of the nominal share value) voted… Read More ›
INDUSTRY NEWS: Richemont announces new board member
Richemont has announced the nomination of Wendy Luhabe for election to the board. She will serve as a non-executive director and become a member of the board’s nominations committee. Luhabe was chair of Vendôme South Africa, Richemont’s subsidiary, from 2001… Read More ›
INDUSTRY NEWS: Swiss watch exports for June 2020
After the expected dramatic falls in May 2020, the Federation of the Swiss Watch Industry (FH) reported that watch exports continued to fall sharply in June, with the value falling 35.1 per cent compared to June 2019, to CHF 1.1… Read More ›
INDUSTRY NEWS: Results of MCH Group Extraordinary General Meeting
Last month we reported that James Murdoch, through his investment firm Lupa Systems LLC, had been talks to take a 30-44% stake in the MCH Group and become an “anchor shareholder”. An Extraordinary General Meeting (EGM) was announced for August… Read More ›
INDUSTRY NEWS: HOURUNIVERSE
It seems like only yesterday that there was news from the MCH Group, but no it was almost two weeks ago when the news broke about James Murdoch’s impending involvement with MCH. Now, they have announced an entirely new non-Baselworld… Read More ›
INDUSTRY NEWS: Swatch Group releases half year report 2020
The Swatch Group has released its half year report for 2020. The year started strongly with an operating margin of 21.4% in the Watches & Jewellery segment (without Production) and 17.3% for the overall Group despite COVID-19 lockdowns in mainland… Read More ›