Financial

EDITORIAL: What Does The Rising Swiss Franc Mean For Watch Buyers?

Three days ago the Swiss National Bank lifted its cap on the Swiss franc's value against the Euro. Within hours the franc rose by as much as 40% against the Euro, with Swiss stocks moving in the opposite direction; on the same day shares in Richemont and the Swatch Group fell by as much as 16%. What does the franc's appreciation mean for watch buyers?


Breaking News: Ulysse-Nardin Acquired By Kering

French luxury conglomerate Kering has just announced its acquisition of 100% of the share capital of Ulysse-Nardin from the Schnyder family, beefing up its watchmaking division.

Record Profits For Rolex in 2013, And Other Intriguing Tidbits From An Interview With Its Chairman

Swiss newspaper Le Temps published an intriguing and rare interview with Bertrand Gros, the chairman of Rolex, lifting the veil every so slightly and shedding a tiny bit of light on Rolex, the world's largest luxury watch brand.




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