When all balance springs were metal, Swatch Group's Nivarox enjoyed a virtual monopoly. The most widespread alternative, patented silicon technology, is also the property of a handful of manufacturers. However crucial it may be, mechanically and strategically, the balance spring is about materials science, not horological genius.
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Not known for architectural swagger, Swatch Group has cut the ribbon on the new Swatch headquarters. The snake-like building is like nothing ever seen before in the branch. For Nick Hayek, it's about sparking the emotions and arousing curiosity.
Exposure to magnetic fields isn't without consequence on a mechanical watch's proper functioning. After early attempts to resolve the problem, recent innovations are delivering promising results. Demagnetising tools are also benefiting from new developments.
By presenting their latest releases actually inside the Manufacture (except Glashütte Original which located to one of Geneva's luxury hotels), Swatch Group's prestige brands were able to highlight the singularity of their watches while making clear the complexity inherent to production.
After slamming the door on Baselworld, Swatch Group had to come up with an alternative way to present its new releases to the press. The solution, the Time to Move roadshow, was the opportunity for the world's biggest watch group to flex its industrial muscle.
In its latest report on the 100 largest luxury goods companies globally, Deloitte consultancy firm discusses the factors that will secure future growth – and these no longer include history and heritage.