Financial

Swatch Group Reports Better Sales of Watches, Declining Demand for Movements

The biggest watchmaking group sounds a positive note for the first half of 2017.

Breaking News: Richemont Watch Boss Georges Kern Resigns to Become Breitling CEO

He will take a stake in Breitling and lead its turnaround.

Breaking News: Breitling Sold for €800m to Europe’s Biggest Private Equity Firm

CVC Capital Partners will take a majority stake in Breitling.

Zenith Names Julien Tornare to Lead Turnaround

The struggling watchmaker will be led by an executive who has spent 17 years at Vacheron Constantin.

LVMH Watch & Jewellery Division Outperforms in First Quarter of 2017

Sales rose 11% at the owner of brands like TAG Heuer and Hublot.

The Richest People in Swiss Watchmaking Revealed

Dominated by familiar names, the list of richest people in watchmaking is led by the Rupert, Hayek and Stern.

Swatch Group Annual Profit Slumps; Predicts Recovery in 2017

Sales, profit and margins all decline, but the group expects a turnaround next year on the back on resurgent sales in China.

Four Richemont Brand CEOs Depart at JLC, Vacheron Constantin, Piaget and Dunhill

The Swiss conglomerate continues to clean house as it deals with a downturn.

Industry News: Swiss Watch Exports Continue Their Decline For 2016

Watch exports from the Alpine nation fell almost 10% compared with a year before.


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