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 […]
Following Swatch Group, Richemont and recently LVMH, it is now time for Kering, a French group specialized in luxury (fashion, jewelery and watchmaking) and one of the leaders on the market, to announce its half-year results for the year 2020. As expected, the COVID-19 crisis shows its effects on sales and profitability, yet the group also […]
Following the results of Swatch Group for the 1st Semester 2020 and Richemont for the 1st Quarter 2020, respectively showing sales down by 43.4% and by 47%, it is now time for LVMH, the world’s leading group in luxury goods and a solid indicator of the state of the industry, to report its sales for […]
While the centre of attraction for Watches & Wonders – previously known as SIHH or Salon International de la Haute Horlogerie – has always been Geneva, Switzerland, the show has been held in other locations such as Hong Kong or in Miami. For 2020, this relocated extension of W&W will take place in Shanghai, China […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]