The outbreak of coronavirus could weigh heavily on watch brands' bottom line, given that the traditional Lunar New Year spending spree didn't happen. Asia, excluding the Middle East, accounts for 44% of Swiss watch exports, suggesting a chaotic year ahead.
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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.
Breitling has opened its first flagship store in Asia, at WF Central in Beijing. Chief Executive Georges Kern cut the ribbon with Jacques Bothelin, captain of the Breitling Jet Team, actor Lei Jiayin, and actress and singer Han Xue.
The online world is awash with information on every conceivable product, including Haute Horlogerie. But how much is verified fact and how much is opinion masquerading as the truth? More to the point, how can industry professionals get access to the latest news from reliable sources? A new app has the answer.
After Milan, New York, Madrid, London and Munich, Audemars Piguet opens its first AP House in Asia, in Hong Kong. A home from home for the brand's customers.
A two-year slump in exports to Hong Kong has been cited as one of the main reasons for the difficulties that have dogged the Swiss watch sector in the aftermath of the strong franc. Is China to blame? If it is, the country is certainly making amends.
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.
A recovery had been expected in the fourth quarter, but watch industry exports in fact reported their steepest fall of the year in October. Their value was 16.4% lower against October 2015 at 1.7 billion francs. The variation over ten months now stands at -11.0%.