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 ›
China
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 ›
NEWS : Swiss Watch Exports in 2014
The Federation of the Swiss Watch Industry (FH) has reported that watch exports in 2014 continued to grow, with a total value of 22.2 bllion CHF, an increase of 1.9%, the same as 2013. The first half-year showed a 3.1%… Read More ›
INDUSTRY NEWS : Reports on Global Luxury 2014
Two reports were released recently by Bain & Company and Euromonitor into the global luxury market for 2014. Bain & Company’s thirteenth annual “Luxury Goods Worldwide Market Monitor” predicts that China is currently showing a -1 percent shrinkage (down from… Read More ›
NEWS : New Swiss-China Free Trade Agreement’s impact on watch industry
In May 2013 the Federation of the Swiss Watch Industry (FH) announced that industry and government leaders had signed a memorandum regarding China’s plans to cut tariffs on Swiss watches incrementally over the next decade, with an end result of… Read More ›
NEWS: Swiss watch exports rise in October
Figures from the Federation of the Swiss Watch Industry (FH) show that exports rose 13.2 per cent in October 2012 to CHF 2.1 billion after September’s first decline in almost three years (CHF 1.7 billion). October’s increase was led by… Read More ›
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