Swiss watch exports have increased for the fourth consecutive month. In August, shipments grew to CHF 1.4 billion in value, a year-on-year increase of 4.2%.
Hewn from bronze, a first for Hublot, and anchored by a hand-embroidered deer leather strap, the Big Bang Bavaria sings the praises of the region and its traditions.
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The trend remained unchanged in July. Watch exports continued to show moderate growth in value terms. Totalling 2.1 billion francs, they registered an increase of 2.2% compared to July 2013. For four months growth has been modest but sustained, allowing the sector to hold its own at a very high level.
For the second time in India, a watch-making training programme was held by the Fondation de la Haute Horlogerie (FHH) in Bangalore and Delhi. A total of 52 watch retail staff from brands and retailers were trained by a Swiss Trainer Ms. Veronique Walthers, who flew in from Geneva especially for conducting the programme.
Parmigiani Fleurier has sent an atypical and loquacious watchmaker to the Russian capital. Born in Normandy, France, Maxime Rius has set up the Manufacture's workshop in the city, where he has sole responsibility for servicing and repairing the watches brought to him by his Russian and Kazak clientele. Meet the man.
- Revenue up 4% and improved recurring operating margin on a comparable basis.
- Solid sales growth for the Luxury activities: up 6% on a comparable basis.
- Positive trends in Sport & Lifestyle.
- Negative foreign currency impact.
- Excellent level of free cash flow from operations.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of EUR 14 billion in the first half of 2014, an increase of 3%. Organic revenue growth was 5% compared to the same period in 2013. The Group continued to grow in the United States and Asia. Europe demonstrated resilience despite a still challenging economic environment.