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 […]
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 […]
Earlier this year, alongside multiple new watches such as the RO Perpetual with John Mayer and the Sand Gold alloy applied to an RO Openworked Tourbillon, Audemars Piguet also presented an unexpected and entirely novel multi-coloured ceramic called chroma ceramic featuring a polarising but cool camouflage pattern. In the same vein, Audemars Piguet now applies […]
The use of luminescent materials on watches is far from new… Soon after the discovery of radium and its properties (and dangers…) by Marie and Pierre Curie in 1898, watch dials – markers, numerals and hands – have been coated with radium and then different substances (tritium, Super-LumiNova) to produce light in the dark. Fully […]
Omega is one of the largest luxury watchmakers on the market, carrying multiple emblematic models (Seamaster and Speedmaster, to name a few). However, one vital element of the brand’s success lies in its almost unique take on precision. Omega has long been a pioneer in this field, often ranking first in chronometry contests and introducing […]
While the global economic situation might feel rather pessimistic, the luxury business and the watch and jewellery industry continue to post strong results for the year 2023. Following the announcement of a record year for Swiss watch exports in 2023, as well as strong revenues for both LVMH and the Swatch Group, it is now […]
A high-tech, rugged, all-terrain sports watch made of an innovative carbon fibre composite material, the Norqain Wild One (launched in 2022) was an important step in the development of the young, independent, family-owned watchmaking brand. Its elaborate design presents ample opportunity for personalization. Norqain now introduces a fully customizable iteration of this model, incorporating gold […]