Industry News – Swatch Group To Hold its Own Watch Fair In Zurich, During Baselworld 2019

The topic of watch fairs is hot these days. Everything started with the explosive news of Swatch Group’s decision to leave Baselworld 2019. This led to several other departures, followed by the resignation of Baselworld/MCH’s CEO and multiple criticisms. In order to stop the bleeding and calm things down, the SIHH and Baselworld announced they will be synchronising their calendars again. However, this isn’t the end of the story. A recent piece of news published by Reuters and Le Temps confirms that the Swatch Group will hold its own watch fair, in Zurich and right during Baselworld 2019.

6 years ago

Industry News – Baselworld / MCH CEO steps down as Swatch group recent announcement made it untenable for him to stay on at the head of the company

Less than a week after the Swatch Group announcement of its decision not to participate in the Baselworld 2019, MHC Group (the company operating Baselworld) just issued a press release announcing that the ‘Board of Directors of MCH Group and CEO René Kamm have reached the joint and mutual conclusion that the time has come for a change in the operational leadership of MCH Group in view of the fundamental transformation phase in business operations’.

6 years ago

Industry News – Baselworld / MCH CEO steps down following Swatch Group withdrawal from Baselworld 2019

Less than a week after the Swatch Group announcement of its decision not to participate in the Baselworld 2019, MHC Group (the company operating Baselworld) just issued a press release announcing that the ‘Board of Directors of MCH Group and CEO René Kamm have reached the joint and mutual conclusion that the time has come for a change in the operational leadership of MCH Group in view of the fundamental transformation phase in business operations’.

6 years ago

Breaking News – Swatch Group (meaning 18 brands) To Leave Baselworld in 2019

once, we’re not going to use the “breaking news” title for nothing. What came in this morning is important news, no debate. As reported by Swiss newspapers NZZ am Sonntag and Le Temps, Swatch Group, the world’s largest watchmaking group, will be leaving Baselworld – Switzerland’s largest watch and jewellery fair – as of next year. After already several departures and complains, this is another hard blow for the highly decried show.

6 years ago

Swatch Group’s 2017 Results Show Strong Growth (and some Baselworld 2018 novelties partially revealed)

After Richemont announced strong quarterly results just before SIHH 2018 and LVMH reported a double-digit growth for 2017, it’s now Swatch Group’s turn to come with their annual results for the year 2017. And before going into details, know that they are strong and that the outlook for 2018 is still very positive. Once again, the industry seems to be in full recovery, with one or two threats that will have to be managed in the near future though.

7 years ago

Recap – The 5 Highlights of the Watchmaking Industry in 2017

As 2017 is coming to an end, and before the new horological season starts with the SIHH (as of January 15th, 2018), we thought it was important for you to understand what happened this year in the watchmaking industry. The idea here isn’t to focus on watches, we’ll have another recap article for that. In all fairness, 2017 has been an eventful year. From the game of musical chairs at Richemont to the comeback of growth, let’s make a throwback to the highlights of the watchmaking industry in 2017.

7 years ago

Business News – Swatch Group Half-Year Report 2017 Shows Signs of Recovery (Positive Growth of Sales and Net Income)

After two years of consecutive decline and an overall negative mood over the watchmaking industry, it seems that 2017 could be the turnaround year – at least for Swatch Group, as we have seen that Richemont Group 2016-2017 results were showing a decline. In its Half-Year Report 2017, Swatch Group depicts several positive news, including slight increasing sales and mainly, a better profitability, with high increase of operating margin and net income. Overview.

7 years ago

Watchmaker Announces the World’s Smallest Bluetooth Chip

Swiss watch conglomerate Swatch Group, owner of brands like Omega and Longines, has just premiered its latest product: a Bluetooth chip that’s the smallest ever, measuring just 5mm2, about a third the size of a grain of rice. Not only is it the tiniest on the market, the the new chip also boasts the lowest energy consumption, […]

8 years ago