Swiss watch exports fell sharply in September as shipments to China dropped by half, putting more pressure on the European country’s struggling luxury sector. Exports …
Tag
Showing: 1 - 20 of 28 RESULTS
Swiss
Central Group Acquires Swiss Luxury Chain Globus
Central Group took control of Swiss luxury department store chain Globus from Rene Benko’s insolvent Signa group, the latest transfer from the Austrian financier’s retail …
Swiss Watchmakers Call on SNB to Act on Franc as Exports Slump
Swiss watchmakers urged the central bank and the government to support exporters by curbing the strength of the country’s currency as overseas sales slump. “With …
Swiss Watchmakers Seek State Aid Amid Luxury Downturn
Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand. Girard-Perregaux and Ulysse Nardin have become …
Chanel Buys Stake in Independent Swiss Watchmaker MB&F
Chanel Ltd. is buying a minority stake in Swiss watch brand MB&F in a deal that will give the independent watchmaker financial security while boosting …
Swiss Luxury Watch Market Succumbs to a Brutal China-Led Slump
Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the …
LVMH Buys High-End Swiss Clock Manufacturer L’Epée 1839
LVMH is buying the owner of L’Epée 1839, a Swiss manufacturer of high-end clocks, a niche timekeeping market that’s largely been bypassed by luxury conglomerates …
Swiss Sportswear Brand On Taps Zendaya as Latest Ambassador
On has tapped Zendaya as its latest high-profile ambassador, the company said in a release Thursday. Zendaya will co-produce campaigns as well as collaborate on …
Swiss Sneaker Company On Reports Record Quarterly Revenue of $560 Million
On, the Zurich-based running sneaker brand reported net sales of CHF 508.2 million ($560.9 million) for the quarter ended March 31, up 21 percent year-over-year. …
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong …
A Swiss Watchmaker With Deep Ties to India Is Back From the Dead — Again
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part …
Swiss Watch Exports Slump on Lower Shipments to China, Hong Kong
Monthly Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for …
EQT’s Galderma Seeks to Raise $2.3 Billion in Swiss Listing
Skincare business Galderma Group AG is looking to raise about $2.3 billion in what’s expected to be one of the largest listings in Europe this …
Swiss Watch Exports Struggle as Luxury Slowdown Persists
Swiss watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports increased …
Swiss Watch Exports Slowing After a Record Run
Swiss watch exports hit record levels last year as watchmakers raised prices and shipments of cheaper quartz watches jumped, though the pace of growth tapered …
From Jay-Z to the White Party: How Culture Drives the Swiss Watch Industry
In 2004, François-Henry Bennahmias — then managing director of Audemars Piguet North America — sent his Swiss employers some pictures from the New York social …
Swiss Watch Exports Jump Again in June as Demand Stays Strong
Swiss watch exports jumped again in June as demand for pricey luxury timepieces from the US and China stayed strong. Shipments surged by 14 percent …
Swiss Watch Exports Jump Again in May as US Demand Rebounds
Swiss watch exports jumped again in May as deliveries to the US rebounded and demand for luxury timepieces from China stayed strong. Shipments surged by …
Smartwatches No Longer a Threat to Pricey Swiss Timepieces, Morgan Stanley Says
Sales of smartwatches, including Apple’s top-selling version, have plateaued and are no longer a significant threat to the pricier end of the Swiss watch industry, …
Pangaia to Cut up to a Third of Jobs in Swiss Move
Fashion start-up Pangaia is planning to move its headquarters from London to Switzerland in a restructuring that could cost as many as 50 jobs — …