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Articles on the subject: Economy

Officine Panerai Piccolo Due Madreperla with alligator strap
Economy
Luxury, biodiversity and the sixth mass extinction

At five points in the past 500 million years, life on Earth was almost completely wiped out. We are now on the brink of a sixth mass extinction, and we are the cause. Can humans right their wrongs? The luxury industry must lead by example.

Thursday, 27 January 2022
8 min read
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Patek Philippe Nautilus ref. 5711 1A-018 Tiffany Blue® lacquer dial (2)
Economy
Investors see opportunity in the watch sector

An influx of capital ends a year marked by a boom in sales at auction and on the pre-owned market as watches take on a new role as investment products.

Monday, 20 December 2021
5 min read
Sylvain Auroux, director for the Swiss and Italian markets at Piaget, and Philippe Léopold-Metzger, CEO of the brand © Piaget
Economy
Piaget aims for "the most universal watches possible"

For over a year, Piaget has progressed to the point that deliveries are again finding it hard to keep pace with demand. The brand owes its success to a positioning that reflects its values as a jeweller and watchmaker, renowned for its classic yet contemporary elegance.

Monday, 20 December 2010
4 min read
5
Hugo Chávez (right) with Oliver Stone at the 2009 Venice Mostra (creative commons)
Economy
Venezuela: a labyrinth for brands

They're mad about mechanical watches, the more complications the better. They're enthusiastic collectors and buy more timepieces than the average for Latin America. Meanwhile, President Hugo Chávez leads a constant battle against the luxury industry. Have Venezuelans lost their mind?

Tuesday, 30 November 2010
Manuel Palos
5 min read
3
E
Economy
Economic growth continues to drive Swiss watch exports

For the nine months to end September, exports of Swiss watches across all segments increased 21.5% on the same period last year, while the +CHF 3,000 export price* (€2,260), category gained 22%. If the trend continues through to year-end, the industry could come close to matching 2008's record of approximately CHF 16 billion (€12 billion) for 26 million watches, and leave 2009 figures far behind.

Friday, 26 November 2010
4 min read
carte
Economy
"A highly satisfactory reversal in trends"

Jean-Daniel Pasche, President of the Federation of the Swiss Watch Industry, comments on recent export figures for the branch.

Friday, 26 November 2010
3 min read
Nicole Kidman travelled with CEO Stephen Urquhart to Beijing for what is a highly important launch for Omega © Omega
Economy
Already big in China, Omega takes on the US

Just days after the unveiling of its new Ladymatic collection in Beijing, Omega is launching an all-out attack on the US market.

Thursday, 18 November 2010
4 min read
6
L
Economy
LVMH builds up a strategic stake in Hermès

Year after year, LVMH has patiently acquired shares and derivatives in Hermès and now holds 17% of its capital and 10% of voting rights. While the luxury giant denies any takeover plans, it is now Hermès' biggest single shareholder.

Monday, 08 November 2010
4 min read
wandw-geneva-shanghai
Event

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