Independent and creative high-end watchmaking is more than ever at the centre stage of the watch industry. The interest of collectors in such rare and exclusive watches, produced by small-scale companies and infused with the soul of their creators, has been on the rise for several years now. And as a consequence, large luxury groups […]
Today, for once, we won’t be travelling to Switzerland. We’re heading to a slightly more unusual place, in a country that’s not primarily known for its watchmaking industry. In a little town called Henley, about 30km away from London, is one of the very few large-scale watch brands of the United Kingdom, in fact probably […]
Originally founded in 1845 by Ferdinand Adolph Lange in Glashütte, Germany, A. Lange & Söhne has become over the past years one of the most important watchmakers of the Saxon region. The story of Lange Uhren GmbH is, however, not as simple as it seems and despite subsequent generations of the family keeping the brand […]
Horage truly stands apart in the watch industry with its start-up mentality, forward-thinking approach, and capacity to explore unconventional methods. This young Swiss watchmaking company, based in Biel, boasts a remarkable level of vertical integration despite its size. Led by Tsuyu Huang, Andi Felsl, and their dedicated team, Horage has introduced a smart concept aimed […]
Following three consecutive record years for the watch industry in 2021, 2022 and 2023, recovering from a complex situation in 2020 due to the pandemic, the watch industry in 2024 is not sending the same positive signs. Pessimistic notes in brands and groups’ financial reports, contraction of prices on the secondary market, ambient morosity, increasing […]
It wasn’t so long ago when LVMH, the French luxury powerhouse, announced shifts in top management positions. In January 2024, the group announced the creation of a new entity, LVMH Watches, as well as its CEO, Frédéric Arnault, the son of the Group’s owner Bernard Arnault and ex-CEO of TAG Heuer. As a consequence, Julien […]
Following the announcement yesterday of decreasing sales for the Swatch Group, particularly impacted by the industry’s challenging situation in China and South East Asia, it is time today for one of its main competitors, Richemont Group, to announce its sales for the first quarter ended 30 June 2024. Contrary to expectations, global sales are to […]
At CHF 3,445 million, the sales of the Swatch Group, the Swiss powerhouse owner of Omega, Longines or Tissot, are down 14.3% at constant exchange rates and 10.7% at constant rates. The declining sales strongly impact the operating profit at CHF 204 million against CHF 686 million for the previous year. Swatch Group advises that […]
Following the appointment a few weeks ago of Nicolas Bos as the new CEO of the Richemont Group (replacing Jérôme Lambert), the luxury conglomerate once again announces changes in managing positions, with a new CEO for its jewellery/watchmaking brand Cartier. Effective 1st September 2024, Louis Ferla (ex-Vacheron Constantin) will take over Cyrille Vigneron as Chief […]
Known as the largest luxury group in the world, owned by the Arnault family, LVMH continues its development in all fields related to rare and artistic crafts. Already the owner, through its Watches Division, of TAG Heuer, Hublot and Zenith (as well as jewellery brands Bulgari and Tiffany, not included in this division), the group […]