A year of the rabbit for watch brands?
China, which weighed on watch exports at end 2022, will be the key to activity in 2023, a year that opens with mixed prospects. Will China’s impact on luxury sales be as great as in 2021?
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What next for the pre-owned market?
Once dismissed as a hang-out for unscrupulous traders touting fakes, in little more than a decade the pre-owned watch market has grown to remarkable proportions and is expected to surpass sales of new watches. Consultancy firm LuxeConsult predicts this reversal in roles for 2033.
IWC commits to transparency
Increasingly, companies are reporting on their environmental and social performance. IWC is among the forerunners, having committed to a biennial sustainability reporting process.
Is Richemont poised to lead the global online luxury market?
On May 25th latest, Richemont will know if its €2.7 billion bid on Yoox Net-à-Porter, the biggest online luxury retailer, has been successful. So far, everything is going to plan, including Richemont's recent debut in the bond markets which raised €3.75 billion to finance the deal.
Breguet supports Race for Water in ocean preservation
A pioneering ship will sail the world to promote new technologies for the transformation of plastic waste. This "odyssey" will continue until 2021, with 35 stopovers to raise awareness of the importance of ocean preservation.
Richard Mille secures supply of composite materials
The brand has signed an exclusive agreement with North Thin Ply Technology, which supplies leading-edge composite materials. The deal includes the construction of a production unit in Switzerland.
Minerva's heritage will become the essence of Montblanc
Managing Director of Montblanc's Watch Division since 2015, Davide Cerrato doesn't want to dissolve Minerva within the brand but to instil its values. A strategy that has already made its mark in the TimeWalker collection.
Traditional mindsets still prevail among Swiss watch brands
Just four groups account for around 75% of Swiss watch sales. A recent analysis of the sector by Morgan Stanley, in consultation with LuxeConsult, pinpoints an industry that operates on mainly traditional lines. How much longer can watchmakers continue to opt out of the digital world?
