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News

Articles on the subject: Economy

Economy
Why golf suits watch brands to a tee

Golf has plenty to appeal to watchmakers, from its affluent audience to the performance and precision inherent to the game, and the technical challenges this sport represents. The hard part is finding a spot on the greens, which are dominated by a quintet of brands.

Monday, 17 September 2018
7 min read
6
Economy
Richemont five months’ sales increased by 25%

Ahead of its Annual General Meeting, the Group Compagnie Financière Richemont SA announces that its sales for the five months ended 31 August 2018 increased by 25% at constant exchange rates and by 22% at actual exchange rates.

Monday, 10 September 2018
The FHH Journal editors
2 min read
3
Richmont Headquarters in Bellevue © Richemont
Economy
Richemont retools for the future

Steered by chairman and main shareholder Johann Rupert, Richemont is radically and rapidly transforming, with changes on the board of directors, inventory buyback, omnichannel distribution, and a new approach to luxury. A round-up of recent developments as the group announces five-month results at its annual general meeting.

Monday, 10 September 2018
7 min read
3
Economy
An excellent first half for luxury brands

The year has got off to a resounding start for publicly-traded luxury companies, with double-digit growth and a strong outlook for the full twelve months. For watch companies, it's a similarly rosy picture.

Monday, 03 September 2018
3 min read
2
Patrick Hoffmann, ex-CEO of Ulysse Nardin, is in charge of developing WatchBox in Switzerland and Europe.
Economy
WatchBox says e-commerce has moved on

The online marketplace for luxury pre-owned watches has opened a branch in Switzerland. We caught up with Executive Vice President Patrick Hoffmann, formerly CEO of Ulysse Nardin, in his Neuchâtel office to talk about the platform, which does a lot more than just sell watches online.

Tuesday, 28 August 2018
6 min read
Economy
Swiss watch firms enjoy a cast-iron reputation

In the list of the most reputable multinationals in 2018, Rolex takes top ranking for the third consecutive year, beating Lego and Google to the number-one spot. Meanwhile, a similar survey of the main publicly listed Swiss corporations puts Swatch Group and Richemont second and third, behind bathroom manufacturer Geberit.

Monday, 27 August 2018
3 min read
Thomas Baillod, founder of Mercari Academy
Economy
Mercari Academy: distribution 3.0

Having observed the digital transformation of marketing and media, Thomas Baillod set up Mercari Academy to prepare current and future managers for the challenges in distribution as it enters its digital age.

Monday, 20 August 2018
Anaïs Fontaine
5 min read
Economy
How are luxury watch brands seducing millennials? (part two)

In 2017, the main growth engine of the luxury market was a generational shift, with 85% of luxury growth in that year fuelled by Generation Y & Z (Bain & Co). With the millennial mindset reportedly so different from generations before, are luxury watch brands doing enough to seduce these new luxury consumers?

Wednesday, 08 August 2018
7 min read
3
Trend Forecaster

Summer isn’t summer without a dive watch

Thursday, 12 July 2018
Written By Christophe Roulet
5 min read
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