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Luxury’s digital challenge

Luxury’s digital challenge

As LVMH prepares to launch 24 Sèvres, an online department store selling 150 luxury brands and a potential rival to Yoox Net-A-Porter or Farfetch, watch brands have yet to properly embrace the digital domain.

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WATCH PRICES ARE UNLIKELY TO CHANGE SOON

WATCH PRICES ARE UNLIKELY TO CHANGE SOON

Many (or all) consumers complain in watch forums that watches are overpriced. Even watch enthusiasts complain that prices are higher than ever. If watch sales are down for the past 2 years, why don’t the watch companies simply lower their prices? Don’t the laws of supply and demand suggest that when sales are down, ...

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Swiss exports: smaller than expected contraction

Swiss exports: smaller than expected contraction

Despite three fewer working days, April saw watch industry exports reach a figure of 1.5 billion francs. At -5.7%, the contraction was less severe than expected. The trend therefore remains close to the figure posted at the end of March. For the first four months of the year, the variation is -3.6%.

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Watch industry on less shaky ground

Watch industry on less shaky ground

The main luxury groups have reported a significant rise in revenue for the year’s first quarter. Signs of a similar upturn in the watch segment suggest the industry could be back in the black for 2017.

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BREAKING NEWS: DAVIDE TRAXLER IS NO LONGER CEO OF CORUM AND ETERNA

BREAKING NEWS: DAVIDE TRAXLER IS NO LONGER CEO OF CORUM AND ETERNA

News just came in from that Davide Traxler is no longer the head of Corum and Eterna.  We first received this news from European sources who reported this yesterday . Davide Traxler was appointed as CEO of Corum in September 2015. Tao Li, executive chairman of Citychamp European development board, said in the ...

Deployant Read More
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