There is no doubt that the outbreak of the COVID-19 pandemic will take a heavy toll on the watch industry. Watch brands are facing a collapse in sales and this crisis will be one of the gravest in decades. Nobody knows what the exit scenario from lockdown will be and how deep and how long […]
After the “bomb” that was dropped by Rolex, Tudor, Patek Philippe, Chopard and Chanel earlier this week, concerning their decision to leave Baselworld, there is no longer any doubt about the (low) relevance of Baselworld for major brands. Subsequently, we have just been told that all four LVMH Brands, those from the watch Division – […]
As a first reliable indicator of the impact of COVID-19 on the luxury industry, the French powerhouse and market leader, LVMH has just announced its results for the first quarter of 2020. A period that accounts for the first weeks of lockdown and closed shops, both for the Asian and European markets. With sales down […]
This is something BIG, one of the most important pieces of news we’ve received recently. This, believe us, will have the effect of a bomb on the industry: Rolex, Patek Philippe, Chanel, Chopard and Tudor have announced they will leave Baselworld to create a new watch trade show in Geneva together with the Fondation de […]
The COVID-19 pandemic has wreaked havoc on our lives and on the world economy. Events are being cancelled or postponed worldwide to contain the global outbreak. For the watch industry, the most important events hit are the two major trade shows: Baselworld and Watches & Wonders. As the epidemic takes a heavy toll on the […]
In these times of uncertainty, agility is key for any business, and the watch industry is no exception. As the lockdown hits brick-and-mortar stores, but also as an evolution for the years to come, H. Moser & Cie. watches are now available online on the brand’s own e-store, offering a wide selection of models. To […]
Stéphane Waser has worked for Maurice Lacroix since 2008 and has been at the head of the company since 2014. A few years later, following the launch of the Aikon and successful brand building, Maurice Lacroix has turned into a profitable brand. Maurice Lacroix’s Managing Director tells us about the development of the brand, the […]
There’s no denying the current situation and, as a consequence, its effects on the global economy. Certainly, this is nothing compared to health issues caused by Coronavirus, but still far from insignificant. Gross domestic product, employment (and therefore consumption) and financial markets are under severe strain. Key luxury markets around the world are affected, and […]
Accessible luxury is one of the most competitive segments in the watch industry. But gauging by the performance metrics of Hamilton watches, Sylvain Dolla’s role as CEO of the company since 2011 has been a success. For 2020, the brand is launching interesting new products: mechanical watches, as you would expect, but also a cool […]
After Watches & Wonders (ex-SIHH) and Baselworld announced the cancellation of their 2020 editions amid fears of a possible COVID-19 Coronavirus Pandemic, a group of brands decided that they could react to this situation and offer, through agility and ingenuity, a different approach to the presentation of new watches. With these lost opportunities to meet […]