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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
Stephen Forsey and Meehna Goldsmith © Meehna Goldsmith
Economy
Gruebel Forsey: An American Journey

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.

Thursday, 22 July 2010
Meehna Goldsmith
5 min read
3
V
Economy
Vontobel forecasts 8% growth for the Swiss watch industry in 2010

René Weber, a financial analyst with Vontobel, forecasts that growth in the Swiss watch industry's export markets will slow over the second half of 2010 and progress by 8% for the year overall.

Wednesday, 21 July 2010
3 min read
fhhmag_slideshow_003251-001
Economy
"Luxury brands can successfully make the Internet transition"

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.

Friday, 16 July 2010
The FHH Journal editors
3 min read
T
Economy
The Swiss watch industry sheds jobs gained in 2008

Figures published by the Swiss watch industry's employer organisation, Convention Patronale de l'Industrie Horlogère Suisse, show that the sector shed 4,200 jobs in 2009 and now employs 49,100 people, the same as two years ago. As the organisation points out, fewer jobs have been lost than forecast and staff are more qualified than before.

Tuesday, 13 July 2010
The FHH Journal editors
2 min read
F
Economy
Fortune smiles again on HNWIs

The world's population of High Net Worth Individuals grew 17% in 2009 while their global wealth increased 19% to $39 trillion, according to the 2010 World Wealth Report. For the first time, HNWIs in Asia-Pacific, a prime destination for luxury goods, outnumber those in Europe.

Wednesday, 07 July 2010
4 min read
Ulysse Nardin manufacture © Ulysse Nardin
Economy
Ulysse Nardin increases its prices to offset the euro

Speaking at the Reuters Global Luxury Summit, held early June in Paris, Rolf Schnyder, CEO of Ulysse Nardin, announced that the brand had increased its prices in the euro zone to offset depreciation in the single currency. He expects sales to increase by 20% to 25% this year.

Wednesday, 30 June 2010
The FHH Journal editors
3 min read
2
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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