Watch industry exports declined further in the month of February. At 1.5 billion francs, their value was 10% lower than in February 2016, still in line with the downturn reported for the whole of last year.
Japanese watch firms are intent on beating the crisis and, with competition rife at entry level, are strengthening their footing in the mechanical market, as shown by last year's takeover of Frederique Constant by Citizen, and by Grand Seiko's international launch.
It's not every day that an insurance company paints the portrait of a typical Rolex owner. A British insurer has done just that, finding out who is behind the numerous policies on its books that include the brand with the coronet.
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The trend reported at the end of 2016 continues.
Swatch Group and the Swiss Centre for Electronics and Microtechnology, in Neuchâtel, have announced a partnership to develop a complete ecosystem for small connected devices, including watches. The first products should be ready for launch at end 2018.
Difficulties encountered in the markets these past 18 months have sparked major upheaval within the branch, with groups reporting a mixed bag of results alongside a raft of comings and goings at CEO level. Who's in, who's out? And more to the point, what to expect?
Falling sales of Swiss watches in 2016 raise questions as to the price hikes observed in recent years. There is, however, no obvious answer to the problem.
Following the announcement of 4 November 2016, Richemont announces some senior management changes within the Group & its Maisons.
The decline of watch industry exports reported for almost two years softened in November, in particular because there was one more working day than in 2015. The value of exports stood at just under 1.9 billion francs, down by 5.6%.