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News

Articles on the subject: Economy

François-Henry Bennahmias (CEO of Audemars Piguet) and Richard Liu (founder of JD.com) deliver the watch to the buyer
Economy
China’s largest watch retail alliance

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.

Monday, 11 March 2019
Shining Zhu
3 min read
4
Richard Mille booth, SIHH 2019
Economy
Richard Mille, the sweet smell of success

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.

Monday, 04 March 2019
5 min read
7
Bulgari Resort, Bali
Economy
Luxury: experience required

Material luxury is good. Experiential luxury is even better. Studies show that this market segment is the biggest growth driver right now, prompting multi-million transactions.

Monday, 25 February 2019
4 min read
10
Arc-de-Triomphe-cover
Economy
When it comes to luxury, vive la France!

Hermès and Kering have both reported record results for 2018, with no sign of a downturn whether in China or in the fourth quarter.

Monday, 18 February 2019
3 min read
Peter Xu
Economy
China, the kingmaker

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.

Monday, 11 February 2019
5 min read
Courbe-baisse
Economy
Switzerland's watch economy drops down a gear

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.

Monday, 04 February 2019
4 min read
Statistiques-2017-cover
Economy
Swiss watch exports up 6.3% in 2018

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.

Tuesday, 29 January 2019
The FHH Journal editors
2 min read
Chopard-LUC-XPS-Fairmined
Economy
Watch brands go green

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.

Monday, 07 January 2019
5 min read
8
gold-and-diamonds-cover
Sustainable development

The heat is on for ethical gold and diamonds

Friday, 25 January 2019
Written By Christophe Roulet
4 min read
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