A year of the rabbit for watch brands?
China, which weighed on watch exports at end 2022, will be the key to activity in 2023, a year that opens with mixed prospects. Will China’s impact on luxury sales be as great as in 2021?
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What next for the pre-owned market?
Once dismissed as a hang-out for unscrupulous traders touting fakes, in little more than a decade the pre-owned watch market has grown to remarkable proportions and is expected to surpass sales of new watches. Consultancy firm LuxeConsult predicts this reversal in roles for 2033.
A watershed moment for Swiss watch production
Obliged by the Swiss competition commission to continue delivering its movement blanks until end 2010, Swatch Group, again in the commission's sights since last September, isn't backing down. It plans to purely and simply cease deliveries of its parts and movements to "bad" competition.
Verbatim - The Internet, a strategic issue
According to BernsteinResearch, the Internet is moving to the top of luxury companies' agenda for two reasons: softer European legislation pending on online sales, and the spectacular rise of a number of dedicated sites.
