The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
Power Moves | Schiaparelli Announces Artistic Director, Audemars Piguet Names North America CEO
This week, Schiaparelli names Bertrand Guyon’s successor, while a former Berluti executive is appointed to lead the North America division of Audemars Piguet.
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
Unicorn Deals Fail to Ignite the Market
Despite continuing signs of growth and the announcement of landmark deals, the Savigny Luxury Index was flat this month.
Swiss Watchmaker Audemars Piguet to Boost Revenue by Taking Sales Inhouse
The luxury watch brand wants to totally control the distribution of its luxury watches, cutting out third-party multi-brand retailers within three to five years.
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
