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.
Hermès forecasts record profitability in 2017
Sales increased in all business lines, despite a slowdown in watches where the French firm is taking steps to win over a male clientele.
Omega's technology on show at PyeongChang
These 28th Olympics point to the future of the Games, as Omega rolls out new technologies. They include sensors that enable each athlete to analyse his or her performance in real time.
Omega's winning partnership with the Olympic Games
Omega is globally renowned as the official timekeeper for the Olympic Games, a role it's fulfilling for the twenty-eighth time at PyeongChang. The brand has extended its partnership with the International Olympic Committee through to 2032.
Breitling's first new product line is the Navitimer 8
Breitling CEO Georges Kern promised to take a new broom to the brand's iconic product ranges. First up is the Navitimer, and the new Navitimer 8 pilot watch. The name refers to the company's Huit Aviation division, set up in 1938 to produce cockpit instruments and military watches.
Swiss watch exports grew 2.7% in 2017
Strongest growth was recorded in the second half, when shipments increased almost 5%. For the full twelve months, Hong Kong (+6%) and China (+18.8%) set the pace. The major luxury groups are also on the up and up. Richemont, LVMH and Swatch Group have all announced significantly stronger results.
