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At five points in the past 500 million years, life on Earth was almost completely wiped out. We are now on the brink of a sixth mass extinction, and we are the cause. Can humans right their wrongs? The luxury industry must lead by example.
An influx of capital ends a year marked by a boom in sales at auction and on the pre-owned market as watches take on a new role as investment products.
The family-owned Swiss group becomes a key global player and a foremost partner for watch brands, following its takeover of Tourneau. This new critical size will enable Bucherer to pursue an ambitious development strategy, including for its own Carl F. Bucherer brand.
Swatch Group, Rolex, and the watch brands at LVMH and Richemont account for three-quarters of Swiss watch sales, according to a new report by Morgan Stanley which shows how big a slice of the cake the main brands are taking.
Chopard's announcement that from July this year it will only use "ethical" gold has rekindled the debate as to what defines "ethical" gold, and the difficulties involved in securing the supply chain.
Widespread in the automotive world, leasing and financing services are making timid inroads into the watch sector. While yet to take hold, these options are a perfect fit for the Internet generation and its purchasing habits. French start-up Lease a Watch is one of the first to fill the gap.
Digital is a vital source of growth for the luxury industry and a powerful way to develop brand equity. According to consulting firm McKinsey, a "Luxury 4.0" model is taking shape. Who will survive and who will become extinct?
Born connected, 15-35 year-olds – the largest consumer demographic in history – don't think, buy or communicate like their parents or grandparents, leaving brands the job of getting inside the millennial mind.
