As prices have tumbled from February highs, shares in listed luxury companies have all the charm of an excellent investment opportunity, with the added appeal of a pandemic-proof balance sheet.
Articles on the subject: Economy
As export figures show, high-end watches are the locomotive for the branch as a whole. Could this tempt brands to take the easy option by upping their prices and their range? While some may give this impression, the situation is more complex, especially when thinking for the long term.
Swiss exports in February confirmed the rebound in growth recorded in January. Their value rose 7.0% compared to February 2013, reaching a level of 1.7 billion francs. After a year of consolidation at a very high level, the sector is again showing signs of a marked increase in the value of exports, in line with forecasts.
Now is the time to be Brazil-bound! This year, all roads lead to the capital of samba, hot on the trail of the football World Cup and the Olympic Games soon after.
A no man's land. A territory off the watchmaking map. The African continent has still to make its mark on the world of time measurement, but change is on the way.
The year 2014 began with an excellent opening result. Watch exports in January totalled 1.6 billion francs, up 5.6% on January 2013, which itself stood at a remarkable level.
The brand's sales grew 12% last year. Its chairman, Jean-Claude Biver, is taking the reins of LVMH's watch division.