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News

Articles on the subject: Economy

Submersible Carbotech © Panerai
Economy
Why sell more watches?

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.

Monday, 16 September 2019
3 min read
6
Gallery-Lounge, Geneva © Bucherer
Economy
Bucherer intends to "revolutionise" the pre-owned market

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.

Monday, 09 September 2019
5 min read
7
Value-for-money-cover
Economy
Perceptions of value in luxury

From YouTubers “flexing’” their luxury goods to a new generation of more conscious clients, perceived value in Fine Watchmaking is a hot topic.

Tuesday, 23 April 2019
Laurent Francois
6 min read
2
Luxe-et-bourse-cover
Economy
Swatch and Richemont, two different equity stories

Swatch Group is struggling to convince investors. Its share price has been virtually flat since January, after losing 42% over the last seven months of 2018. Richemont, in comparison, is making headway. Meanwhile, French luxury groups are flying high.

Monday, 15 April 2019
4 min read
2
190405_FHH_GRAPHICS_TABLEAUX-EN
Economy
The continued polarisation of the Swiss watch market

The latest report on the Swiss watch industry by US investment bank Morgan Stanley, in association with Swiss consultancy LuxeConsult, points to accelerated polarisation within the sector. The main players are growing at significantly higher than average rates while seeing their market share increase.

Monday, 08 April 2019
5 min read
2
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
Montres-moins-de-5000-breaker
Our selection

10 luxury watches under €5,000

Friday, 14 June 2019
6 min read
1
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