News – GPHG 2020 Finalists Announced (Full List)

Every year, the watchmaking industry celebrates creativity and ingenuity with the Grand Prix d’Horlogerie de Genève (GPHG) or the so-called “Oscars of the Watchmaking Industry” – see the report for the 2019 edition here. The most advanced, the most innovative and the most creative timepieces will be awarded prizes at the GPHG 2020. Before the ceremony takes […]

2 weeks ago

Industry News – Swatch Group x COMCO – Ban Lifted on ETA, Delivery now Available to Third Parties

COMCO, the Swiss Competition Commission, has just announced that ETA (Swatch Group’s movement manufacturer) is now free to deliver movements to third parties with no obligations or restrictions. Last December 2019, the regulator issued an unexpected decision preventing Swatch from delivering to clients at its own discretion. Criticized by many, this provisional measure meant that […]

2 months ago

Industry News – Richemont Reports Quarterly Sales Down 47% Due To Covid-19

Following the monthly announcements made by the FHS regarding Swiss watch exports and half-year results by Swatch Group a couple of days ago, it is now time for the other giant of the Swiss watch industry, Compagnie Financière Richemont SA, to announce its first-quarter 2020 results… And, as expected from the current coronavirus situation, lockdown […]

3 months ago

Industry News – Swatch Group 2020 Half-Year Sales Collapse Amid Coronavirus Pandemic

Swiss watch giant Swatch Group has just issued its 2020 half-year report and, as anticipated, its activity has been strongly impacted by the effects of the COVID-19 pandemic. With manufacturing coming to a standstill and retail networks closed, the Group recorded net sales of CHF 2,197 million, -43.4% compared to the previous year at constant […]

3 months ago

News – Porsche Design Launches Its Custom-Built Timepieces Program

Porsche Design watches have a long tradition of automotive influence, in particular, the iconic 911 that has been a source of inspiration for multiple models in the brand’s range. Today, Porsche Design up its game to propose something that is directly evoking the car industry, with the launch of a programme based on production principles […]

3 months ago

Industry News – Swiss Watch Exports Collapse by 67.9% in May 2020

The impact of the COVID-19 pandemic on the Swiss watch industry is severe. As countries around the world contend with the health emergency, the economic effects of suspending almost all activity have inevitably impacted the Swiss watch industry and will continue to do so for months to come. With manufacturing coming to a standstill and […]

4 months ago

Industry News – Swatch Group Reshuffles Top Team, New CEOs for Longines, Rado, Union, Tissot, Certina, and Hamilton

As the Swiss watch industry is facing a severe crisis, Swatch Group announces major changes in the Executive Group Management Board and the Extended Group Management Board and appointments to the management of the Longines, Rado, Union, Tissot, Certina, and Hamilton watch brands. Raynald Aeschlimann, President and CEO of Omega and member of the Extended […]

4 months ago