Bulgari, Hublot and Zenith declare 2020 officially open
LVMH's watch brands are in Dubai to present the first new releases of the year. We take a closer look.
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LVMH
Is it all change for the Swiss watch industry in 2020?
An ongoing drop in volume exports, an inexplicable intervention by the competition watchdog, problems in Hong Kong, individual exhibition strategies... the face of the Swiss watch industry is changing in 2020.
The watch market polarises in 2019
The gap continues to widen between luxury watches and entry-level, resulting in a slight increase in total export value alongside a drastic decline in volume. Suppliers suffer as the sector becomes increasingly consolidated.
Jean-Claude Biver steals the show in Dubai
Guest of honour at Dubai Watch Week, the non-executive president of LVMH's Watch division made a passionate appeal in support of Swiss watchmaking, an industry that "doesn't exist". Prior to this, Hublot had unveiled a special edition for the Emirates.
Luxury keeps on growing
Fortune continues to smile on luxury companies in 2019, despite a volatile environment. Among them, Richemont is proving its "resilience" to geopolitical tensions.
After LVMH, will others bid for Tiffany?
At $120 per share or €14.5 billion, LVMH's offer for Tiffany was judged too low. Now the battle is on between luxury mastodons, which includes Richemont and Kering, to take control of the storied American jeweller.
Luxury under threat in Hong Kong
With protesters more determined than ever after four months of unrest, Hong Kong is struggling to maintain its status as a world capital of luxury. Economic recession in the special administrative region spells bad news for watch brands as shipments to this main export market have fallen by 6% since the start of the year.
Art and watchmaking, a strategic alliance
Brands have wised up to the benefits to be gained from associating their name with art venues and exhibitions; creative contexts whose audiences are also potential customers.
First-half results blow hot and cold
Luxury firms continue to perform well, as demonstrated by their first-half results. The situation is slightly more complex for watch brands, in particular in Hong Kong and China.