Like every year and for now eight consecutive times, Swiss watch industry consultancy firm LuxeConsult and financial institution Morgan Stanley have worked together to bring their annual report of the Swiss watch industry, and the estimated revenues of the top 50 brands. While the 2023 report showed records for the market, it also indicated the […]
When it comes to ceramic watches, Hublot has, over the years, managed to be one of the most creative brands by achieving cases and parts in the brightest possible colours imaginable (green, orange, light blue, yellow, sand…) Obtaining strong colours on ceramic is more difficult than many imagine, the base material – ZrO2 Zirconium Oxide […]
Models come and go from brands’ portfolios. There’s nothing extraordinary in this, it’s just standard practice and lifecycle management. Rolex, for example, did it last year with the Yacht-Master II Regatta Chronograph (not necessarily a bad idea…) Patek Philippe is no stranger to this concept, as we’ve seen in the past – basically every year, […]
The Federation of the Swiss Watch Industry has just released their export statistic for 2024 – December ended the year on a negative note with exports down 5.4%. For the year as a whole, the Swiss watch industry exports recorded a decrease of 2.8% compared to 2023. Following two years of robust growth and all-time […]
It’s the time of year when businesses announce their financial performance. Following Richemont and LVMH, Swatch Group has just released its 2024 results. In a challenging environment for the watch industry, the sales of Swatch Group – the Swiss powerhouse and owner of Omega, Longines or Tissot – were CHF 6,735 million, down 12.2% at […]
In the context of a global decline of the luxury goods demand, LVMH, the world’s largest luxury goods group, reported revenues of EUR 84.7 billion for 2024, +1% on an organic basis, after a record performance in 2023. In the fourth quarter, organic revenue growth came to 1%, accelerating with respect to the third quarter. […]
It is widely known that the watch market, and most luxury markers for that matter, are facing a relatively difficult situation. According to Bain & Company Luxury Study, the global personal luxury goods market is likely to dip by 2% in 2024 – not a dramatic situation, but not a positive one nevertheless. While jewellery was […]
In an unexpected move and with great noise, LVMH officialised a partnership that was rumoured to be closed for several weeks in October last year. Indeed, LVMH, the world’s largest luxury conglomerate, officially signed on as a Global Partner of Formula 1 in a groundbreaking 10-year deal, with what was certainly one of the most […]
This shouldn’t come as a surprise… New year means new price policies and new price lists for watch brands – and in reality, this isn’t limited to the watch industry but to most luxury goods. For the past three years already, we’ve published the updated price lists of Rolex, which showed a rather impressive increase […]
“Watches made for all citizens.” This is why major Japanese brand Citizen is named as it is. There is a reason behind this international and easy-to-remember name, which goes way beyond just a marketing motto. The brand philosophy can be resumed, and I quote brand manager Yoshihisa Yajima that “no matter who you are or […]