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.
Patek Philippe cuts UK dealerships from 40 to 25 in 2022.
Over 500 local, regional, and international luxury watch and jewelry brands showcased their collections at the 19th Doha Jewelry and Watch Exhibition.
Citizen reports record high net profit in seven years, with a YoY increase of 14.6% to JPY 19.697 billion.
The company was upbeat about a recovery in China, a key market for the luxury sector overall and Swatch Group in particular where it generates around a third of its sales, according to estimates by Zuercher Kantonalbank.
Bremont’s valuation will exceed £100 million.
The export value of the Swiss watch industry in December 2022 reached 2.024 billion Swiss francs (CHF), an increase of 5.8% compared to the same period last year.
In the third quarter, sales in mainland China declined 24 percent from a year earlier.
It is the first exhibition in the annual calendar of the watch industry and intends to highlight the vitality of LVMH’s watchmaking brands and the entire watchmaking industry.
Zurich-based holding company DKSH has announced the sale of its 25% stake in Bovet Fleurier SA, a Swiss watchmaking brand, to Mr. Pascal Raffy and his family.
