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News

Articles on the subject: Economy

Contrefaçon
Economy
Counterfeiting “costs” the Swiss watch industry CHF 2 billion

A recent OECD report shows that the watch industry is the main victim of the trade in counterfeit “Swiss” goods, losing CHF 2 billion a year in foregone sales.

Monday, 29 March 2021
3 min read
The Mercury Project
Economy
Watch auctions feel the pinch in 2020

At CHF 316 million, watch auctions made 19% less in 2020 than the previous year, despite an increased number of sales including online. As noted by The Mercury Project, Phillips takes the top spot with a 39% share of the market.

Wednesday, 24 March 2021
3 min read
2
Watches and Wonders 2020 Sanya
Economy
Hainan is paradise island for Chinese duty-free shoppers

Hainan island – one of the stop-offs for Watches and Wonders 2020 – reels in tourists and Chinese shoppers with its beaches, palm trees and duty-free malls, a sector that is now opening to competition. Richemont is in the running through a collaboration with China Duty Free Group and a stake in Dufry.

Monday, 22 March 2021
5 min read
5
IWC Schaffhausen headquarters
Economy
IWC’s chameleon strategy

The Schaffhausen watchmaker is proving remarkably adept at adapting to a more and more complex environment, aligning products and brand image… whatever the circumstances.

Monday, 08 March 2021
5 min read
11
Girard-Perregaux & Aston Martin
Economy
Watch brands rev up their automotive partnerships

Within days of each other, Girard-Perregaux, Richard Mille and TAG Heuer announced partnerships with prestigious car manufacturers. Breitling, IWC and Roger Dubuis already have successful automotive alliances. More about this meeting of mechanical minds.

Monday, 01 March 2021
5 min read
9
Fartech, IPO (2018)
Economy
Farfetch, the luxury e-commerce prodigy

In the space of a year, Farfetch has become the one to watch in luxury e-commerce, a position confirmed by the billion-dollar investment by Richemont and Alibaba in the company, which is still reporting losses, and by its share price performance. In the twelve months to February 18, Farfetch stock gained almost 450%.

Monday, 22 February 2021
4 min read
3
Bourse-et-luxe-cover
Economy
Luxury stocks climb higher and higher

Strong increases in share prices reflect investor sentiment that the luxury industry has already bounced back from the Covid-19 crisis, with record valuations.

Monday, 15 February 2021
4 min read
Gombessa II - French Polynesia © Laurent Ballesta
Economy
Watchmakers measure their impact on the oceans - Part two

For brands that have made dive watches a speciality, safeguarding the oceans is high on their list of commitments to sustainable development.

Monday, 08 February 2021
5 min read
11
04_IWC_Galapagos_Mood
Diving

Watches and oceans

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