LuxuryWatches

Swatch Group CEO Indicates Important Shift Towards Going Private

11 days ago

In a recent statement, the CEO of Swatch Group, Nick Hayek, emphasized the necessity for the renowned Swiss watchmaker to carve out more time to consider the possibility of transitioning into a privately held company. This move has stirred discussions within the industry concerning the future direction of the iconic brand and its operations.

Watches of Switzerland Shares Surge on Positive Demand Signals

4 months ago

In a notable boost for the luxury watch retailer, Watches of Switzerland Group has witnessed a significant increase in its share prices as indications of an upward trend in consumer demand become apparent. The company, which specializes in high-end watch brands, reported a sharp rise in its stock, reflecting optimism in the market concerning economic recovery and luxury spending.

Richemont's Profits Take a Dive Amid Declining Demand from China for Luxury Watches

5 months ago

In a startling financial announcement, Richemont, the Swiss luxury goods conglomerate, reported a significant slump in profits, attributing the decline primarily to weakened demand for high-end timepieces in China. This news sent shockwaves through the luxury market, raising concerns about future sales trends and the overall economic climate in one of the world's largest consumer markets for luxury goods.

Hodinkee Sells Crown & Caliber to Boston-based Watch Dealer

6 months ago

In a significant move within the luxury watch community, Hodinkee, a popular online platform dedicated to timepieces, has officially sold its established used watch marketplace, Crown & Caliber, to a prominent dealer from Boston. This strategic sale marks a new chapter for both companies as they continue to navigate the evolving landscape of the pre-owned watch market.