For certain brands, growth isn't about selling more but selling better. Audemars Piguet was first to put a limit on production, successfully so. Now Roger Dubuis and Panerai are following suit.
Articles on the subject: Economy
Bucherer's newly-opened Gallery in Geneva is entirely focused on pre-owned watches. As well as buying and selling, this lounge space will host events aimed at renewing the purchasing experience for a new generation of watch enthusiasts, through a concept Bucherer plans to roll out to other locations.
Richemont's results for the year to end March 2018 may lack sparkle, they are also indicative that the group is positioning itself strongly for the next thirty years; the kind of farsightedness that has so far been crowned with success.
Increasingly, companies are reporting on their environmental and social performance. IWC is among the forerunners, having committed to a biennial sustainability reporting process.
On May 25th latest, Richemont will know if its €2.7 billion bid on Yoox Net-à-Porter, the biggest online luxury retailer, has been successful. So far, everything is going to plan, including Richemont's recent debut in the bond markets which raised €3.75 billion to finance the deal.
Just four groups account for around 75% of Swiss watch sales. A recent analysis of the sector by Morgan Stanley, in consultation with LuxeConsult, pinpoints an industry that operates on mainly traditional lines. How much longer can watchmakers continue to opt out of the digital world?
Following on from our road trip to Glashütte, Germany, and its bevy of fine watch manufacturers, we've taken a look at their Instagram pages to see who’s the social media champion!