In January, JD.com, China’s second-largest e-commerce platform, announced a strategic investment in Xinyu Group, China’s biggest offline watch retailer. The partnership will give rise to China’s largest watch retail alliance, if not the largest in the world.
Articles on the subject: Economy
From one year to the next, the Richard Mille brand maintains an enviable 15% growth rate. After CHF 260 million in 2017, last year the brand generated revenue in excess of CHF 300 million, having produced 4,600 watches. The objective for 2019: 5,200 watches and further incursions into the art world.
China can raise a brand to the pantheon of luxury just as easily as it can dash it to the ground. With this Damoclean sword dangling over them, brands are multiplying initiatives. We look at what Bulgari is doing.
The Swiss watch industry came out of 2018 on a high, catching up exports to post a 6.3% rise at CHF 21.2 billion. However, figures indicate that growth peaked during the first six months and that the current slowdown will continue into 2019.
The outturn for watch industry exports in 2018 was in line with forecasts. The steady pace of growth early in the year saw a decline from the summer onwards, due to a less favourable base effect, but remained positive overall.
Most of us wouldn't think twice about owning multiple timepieces, wearing a crocodile strap or buying a quartz watch for the kids, but the products we consume, including watches, have a direct impact on our planet's health. Through positive decisions, we can be conscious consumers and still have the enjoyment of a beautiful, stylish watch.