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First-half exports bode well

First-half exports bode well

Stable first-half export figures suggest that Swiss watchmaking is over the worst, an upturn that hadn’t been expected before the end of the year.

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SWATCH GROUP KEY DEVELOPMENTS AND HALF-YEAR RESULTS 2017

SWATCH GROUP KEY DEVELOPMENTS AND HALF-YEAR RESULTS 2017

Swatch Group’s first half showed positive results in sales and an increase in operating margin. It managed to pursue macro strategies of sustained investment in innovation, both in product development and in production and selective expansion of its own retail network including E-Commerce.

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Swatch Group in the pink

Swatch Group in the pink

Half-year results make for positive reading, with net income up by 6.8%. The first half of 2017 has shown “accelerated growth” for all the group’s brands.

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Georges Kern, 4-Month Richemont Head Of Watchmaking Resigns

Georges Kern, 4-Month Richemont Head Of Watchmaking Resigns

Just about half a year after being appointed, and only four months into operating as Head of Watchmaking of luxury group Richemont SA, Georges Kern has announced today that he is resigning from the position with immediate effect. The news was reported by the Financial Times, based on a statement made by Johann Rupert, ...

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