Despite the substantial growth rate of 158.3%, the exports to Mainland China were still down by 10.3% compared to the same period in 2021.

Is the acquisition of Swiss luxury watch brands by Chinese capital a good business move?

Richemont Group ranks in the top 7% globally in ESG according to Sustainalytics’ company rankings.

In April, Swiss watch exports to Mainland China experienced a remarkable growth rate of 107.8%, while the export value to the US market saw a decline for the first time in two years.

Since the beginning of this year, the company’s stock price has experienced an impressive increase of nearly 76%. With the current market value standing at approximately $9.6 billion.

Richemont, the luxury goods giant, gears up for dual listing on Johannesburg Stock Exchange while terminating its depositary receipt program in South Africa. Q3 sales surge by 8% to €5.4 billion, but miss analysts’ expectations.

On’s investor and tennis superstar Federer stated, “Iga and Ben represent the next generation of world-class talent. Both players demonstrate On’s competitive spirit and embody current and future champions of the sport.”

Swiss watches saw a significant surge in exports to major markets in February, with a whopping 6.1% YoY increase in exports to Europe as a whole.

Three temporary factories will be located in Fribourg, Romont, and the Vivier SA industrial park in Villaz-Saint-Pierre, Switzerland.

Daniel Roth is currently in full swing with product design and development, with plans to launch its first batch of new products in the second half of this year.