A rare watch given to John Lennon by his wife Yoko Ono and which was stolen after his death does not belong to an Italian man who bought it from an auction house years later, a Swiss court ruled on Thursday, paving the way for its return to Ono. The Patek Philippe watch, with an...
Tag: watches
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Watch Exports Return to Growth in August — in Value, Not Units
PARIS — There was a silver lining for Swiss watchmakers in August as export figures showed signs of a rebound. Exports were up 6.9 percent in value, standing at 1.95 billion Swiss francs, or $2.31 billion, while falling in volume, with 125,000 fewer watches leaving the country, the Federation of the Swiss Watch Industry said...
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Swatch sales drop in 1st half of year amid struggles in China
The Swatch Group, the Swiss maker of watches and luxury jewelry saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year. Profits tumbled 70.5% to 147 million Swiss francs ($164 million) on a 14%...
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Watches of Switzerland Opens Latest Multibrand Showroom in Midtown Manhattan
Watches of Switzerland continues to expand its retail network in the U.S. with the opening of its latest multibrand showroom on the East Coast. The newly opened boutique is located at the base of One Vanderbilt, one of Midtown Manhattan’s tallest office towers, which stands 73 stories high at the corner of 42nd Street and...