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: 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...