Hong Kong protests are hurting companies around the globe
This happened this week – From Hong Kong crisis to the Audemars Piguet new exhibition in Japan, take a look at our press digest including a glimpse at Jean-Claude Biver’s onw collection, British watch industry and Prada’s new sustainable loan.
Hong Kong crisis
According to IHS Markit, which surveyed about 400 private sector companies in Hong Kong, the purchasing manager’s index for the whole economy dropped to 39.3. The worst result since the depths of the financial crisis in November 2008. A growing concern for luxury and fine watchmaking brands.
Prada's sustainability loan
Prada S.P.A got a €50 million, 5-year sustainability term loan with Crédit Agricole Group. The interest rates will be be adjusted annually based on sustainability targets (ie: if a certain number of stores are assigned a LEED Gold or Platinum certification; if employees meet a set number of training or hours; and if it meets targets for using Re-Nylon, a sustainable nylon substitute, for the production of goods.). A new step into modelizing CSR efforts for luxury groups.
Jean-Claude Biver's collection
Jean-Claude Biver, one of watchmaking’s most influential figures, is putting his collection on display.
British watch industry
Here’s how the UK influenced watchmaking history. And the new brands that are carrying on the legacy.
Audemars Piguet world tour exhibition
Reputed for a rich history spent helming the world of haute horlogerie, Audemars Piguet has recently launched its world-touring exhibition, held for the first time at Tokyo Midtown, Roppongi, Japan. A reminder that horology and art have long been intrinsically linked, ‘Beyond Watchmaking’ is a showcase of Audemars Piguet’s legacy from various angles, going from the craftsmanship they’ve always stood by, to even the manufacturer’s geographic and historical backgrounds.
