Financial

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.

Richemont Posts Meagre Improvement in Quarterly Results Ahead of SIHH

The conglomerate's third quarter sales grew 5%, with slight improvements across all areas.

Swatch Group to Make Car Batteries Despite Dismal Results and Investor Doubt

Investor scepticism is no deterrent to the watch conglomerate's venture into electrical vehicle batteries.

Fading Vulcain to Present Cricket Wristwatch to President Trump

Continuing a decades old tradition, President-Elect Trump will receive a Cricket alarm after his inauguration.

Industry News: Watchmakers at Piaget & Vacheron Constantin Protest Job Cuts

Employee unions rejected the Swiss watchmakers' plans to trim their workforces to cope with the downturn in business.

Industry News: Breitling on the Block

Bloomberg reports that the maker of pilot's watches is up for grabs.

Breaking News: Richemont Revamps Top Management as Profit Slumps

The luxury group abolishes the role of chief executive, promotes the next generation of leaders, while reporting grave half year results.


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