The now traditional Bain & Company study, in collaboration with Fondazione Altagamma, forecasts global growth in the luxury market of 4% to 6% this year, to reach between €271 and 276 billion.
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The latest study from Bain & Company consulting firm is decidedly optimistic. After stagnation in 2016, normality returns to the overall luxury market which grew by 5% in 2017 to reach an estimated €1.2 trillion globally.
Watch exports showed further signs of recovery in December, although the latest figures from the Federation of the Swiss Watch Industry leave no doubt: things are looking up, but the tendency is still negative.
After a 9.5% fall in exports over five months, the Brexit vote makes for an even more uncertain future for Swiss watch brands. Particularly as the UK has weathered a difficult year so far with some tremendous growth.
From June 10th to July 10th, the planet will live and breathe football as Euro 2016 brings together dyed-in-the-wool supporters and new fans won over by the spirit of the game, especially now football has shaken off its downmarket image and is considered a culture in its own right. And who are watchmakers to disagree?
November 27th to 29th in Paris, Belles Montres watch fair opened its doors as part of the Salon de l’Homme. After the attacks on the city, the atmosphere was tense but there was hope of a fresh start and a new dynamic for the show.
In the now lengthy list of watch fairs, Salon QP in London runs the gamut from established names to rising stars. Also on show: new brands, new watches and plenty more to feast the eyes.
Chief Executive Daniel Riedo announces growth above 5%, a new collection this autumn, and a forthcoming increase in production capacity.