The latest study from Bain & Co – Altagamma reports a return to growth for luxury in the first quarter. Will this play out for the entire year or – the more likely option according to Bain – will full recovery be in 2022?
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Time is a valuable thing for anyone in a position of power, not least the head of a global superpower. What are the watches that US Presidents have worn, and what do they reveal about them?
Morgan Stanley anticipates that Swiss watch exports for 2020 will be down by around 20% to CHF 16 billion, thereby returning to 2010 levels. Deloitte is convinced this pillar of the Swiss economy will adapt and bounce back after a year of "accelerated transformation".
A record half-year for WatchBox, brick and mortar openings in Paris and Geneva for Watchfinder, a certified pre-owned gallery in Bucherer's Parisian flagship… the pre-owned watch market keeps on growing.
Half-year results for the main luxury groups show that sales fell by between 25% and 45%. Signs of an upturn are beginning to appear, in particular at points of sale.
It's now a case of size matters in the watch industry, both for manufacturers and for retailers. The UK-based Watches of Switzerland Group is an excellent example, as its share price confirms.
Released mid-March, the third Morgan Stanley report, in collaboration with LuxeConsult, on the Swiss watch market shows that out of some 350 brands, the bulk of growth in 2019 came from the seven whose turnover exceeds CHF 1 billion. The analysis also highlights the outperformance of privately owned brands.