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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.
Chinese watch firms are investing in Switzerland with the likes of Ebohr, which has launched its first brand; Fiyta, which has taken over Montres Chouriet, and Sea-Gull which is taking a stake in a Swiss movement manufacturer. Their objective is to move upmarket and seduce Chinese customers with the lure of Swiss Made.
World Expo is not only a fabulous opportunity for the Chinese to apprehend the culture and techniques of each country; it is also a platform for exchange that puts the Chinese on an equal footing with the people of other nations.
Greubel Forsey entrusted their timepieces to John Simonian as U.S. distributor and one of its retailer. Owner of the influential Westime boutique in Los Angeles, Simonian already had a lot of experience with high-end brands.
On June 1st, new competition rules governing online sales of products and services were brought into effect by the European Commission. These give special status to luxury brands regarding sales of their products over the Internet, as IC-Agency explains.
