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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
Fairmined Gold
Economy
The long road to an ethical gold standard

Chopard has kept its promise. Since July, the brand uses only gold from ethical sources. But at just 5% of global watch and jewellery production, sustainable gold is still as rare as the initiatives aimed at making responsibly-sourced gold the norm in the luxury industry.

Monday, 24 September 2018
4 min read
12
Audemars-Piguet-Golf-2018-Orlando-Dream-Team
Economy
Why golf suits watch brands to a tee

Golf has plenty to appeal to watchmakers, from its affluent audience to the performance and precision inherent to the game, and the technical challenges this sport represents. The hard part is finding a spot on the greens, which are dominated by a quintet of brands.

Monday, 17 September 2018
7 min read
6
Richemont
Economy
Richemont five months’ sales increased by 25%

Ahead of its Annual General Meeting, the Group Compagnie Financière Richemont SA announces that its sales for the five months ended 31 August 2018 increased by 25% at constant exchange rates and by 22% at actual exchange rates.

Monday, 10 September 2018
The FHH Journal editors
2 min read
3
Richmont Headquarters in Bellevue © Richemont
Economy
Richemont retools for the future

Steered by chairman and main shareholder Johann Rupert, Richemont is radically and rapidly transforming, with changes on the board of directors, inventory buyback, omnichannel distribution, and a new approach to luxury. A round-up of recent developments as the group announces five-month results at its annual general meeting.

Monday, 10 September 2018
7 min read
3
eco-luxe-cover
Economy
An excellent first half for luxury brands

The year has got off to a resounding start for publicly-traded luxury companies, with double-digit growth and a strong outlook for the full twelve months. For watch companies, it's a similarly rosy picture.

Monday, 03 September 2018
3 min read
2
Patrick Hoffmann, ex-CEO of Ulysse Nardin, is in charge of developing WatchBox in Switzerland and Europe.
Economy
WatchBox says e-commerce has moved on

The online marketplace for luxury pre-owned watches has opened a branch in Switzerland. We caught up with Executive Vice President Patrick Hoffmann, formerly CEO of Ulysse Nardin, in his Neuchâtel office to talk about the platform, which does a lot more than just sell watches online.

Tuesday, 28 August 2018
6 min read
Montres-moins-de-5000-breaker
Our selection

10 luxury watches under €5,000

Friday, 14 June 2019
6 min read
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