Perched on a couch last April in a private room inside Chanel’s sprawling space at Watches & Wonders, Frédéric Grangié and Arnaud Chastaingt appear positively serene. Outside, the world’s largest watch fair buzzes with energy as press, retailers, and VIP clients gather for a first-hand glimpse of the latest from a wide swath of brands,...
Tag: Richemont
Post
Post
No End In Sight For Swiss Watch Industry Downturn
(Photo by Harold Cunningham/Getty Images) Getty Images Troubles in the luxury watch market continue, as evidenced by the latest report from the Federation of the Swiss Watch Industry. Swiss watch exports in August were 1.2 million units, 125,000 fewer than last year. Despite the decline in unit volumes, the total value of wristwatch exports increased...
Post
Watches of Switzerland Group to buy Roberto Coin’s US ops
Italian jewellers are clearly in fashion. Just a day after Richemont announced it’s buying Vhernier, UK-based Watches of Switzerland Group had its own big news — it’s buying Roberto Coin Inc (the American arm of the Italian brand) for $130 million. Roberto Coin It said it’s a “significant milestone in the group’s luxury branded jewellery...