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Economy

Swiss watchmaking in January 2017

Wednesday, 22 February 2017
Written By The HH Journal editors
1 min read
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Latest News

Nick Hayek
Economy
Swatch Group makes plans for connected watches

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.

Wednesday, 22 February 2017
3 min read
6
Economy
The times they are…

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?

Wednesday, 15 February 2017
5 min read
Economy
The price is right?

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.

Thursday, 02 February 2017
Dominique Fléchon
4 min read

All News

In The Market
Big changes coming

Following the announcement of 4 November 2016, Richemont announces some senior management changes within the Group & its Maisons.

Tuesday, 31 January 2017
Press Release
5 min read
Economy
A shallower downturn

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%.

Wednesday, 21 December 2016
The HH Journal editors
1 min read
3
Economy
Swiss watch industry woes

It is no secret that 2016 has been a tough year for the Swiss watch industry, with companies issuing profit warnings that unambiguously predict no immediate end in sight for the slump.

Thursday, 01 December 2016
4 min read
Economy
Exports report the steepest fall of the year

A recovery had been expected in the fourth quarter, but watch industry exports in fact reported their steepest fall of the year in October. Their value was 16.4% lower against October 2015 at 1.7 billion francs. The variation over ten months now stands at -11.0%.

Wednesday, 23 November 2016
Press Release
1 min read
3
Economy
Three roads to success

Executives from Cartier, Audemars Piguet and MB&F came to the 8th Forum de la Haute Horlogerie to explain their business model in what is currently a hostile environment for watchmakers. While each has distinct characteristics, they all share the virtue of keeping their brands in the black.

Tuesday, 15 November 2016
7 min read
4
Economy
Richemont: Profit for the period decreased by 51%

Sales and profits for the six-month period ended 30 September 2016 were significantly below the prior year’s level, reflecting the difficult global environment, the exceptional inventory buybacks and challenging comparative figures in the first half of the previous financial year.

Friday, 04 November 2016
Press Release
2 min read
Nicole Kidman

"A watch is the perfect accessory"

Wednesday, 08 February 2017
Written By Frank Rousseau
5 min read
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