luxury watches
Stories tagged luxury watches.
Zenith Proposes High-End Pivot With Up to 200 Job Cuts and Retail Exit by 2029
LVMH-owned Zenith Watches has opened a staff consultation on a strategic repositioning toward higher-priced watches, a plan that could remove up to half its Swiss workforce and roughly 100 international roles. The brand also intends to discontinue many collections and wind down its retail operations by 2029.
TimeVallée Opens 230 sq m Watch Boutique at Cairo's Downtown Katameya Mall
Richemont-owned TimeVallée has opened a 230 sq m luxury watch boutique at Downtown Katameya Mall in Cairo, bringing together maisons including Cartier, IWC Schaffhausen and Jaeger-LeCoultre under one roof.
Patek Philippe Opens Milan Grand Exhibition With Seven New References
Source signal: Patek Philippe launches seven new watches in Milan at Watch Art Grand Exhibition
Audemars Piguet Unveils Royal Oak Joaillerie High Jewellery Collection
Audemars Piguet has introduced the Royal Oak Joaillerie collection, translating its Royal Oak watch design codes into high jewellery pieces inspired by the Vallée de Joux landscape.
Rubber Straps Emerge as the Repeat Purchase for Rolex, Omega and Cartier Owners
Owners of five-figure watches are turning to rubber and composite straps as the one component they can change themselves, and watchmakers have spent a decade building tool-free systems to make the swap easy.
Swiss Watch Exports Rise 9.1% in August as China and Japan Offset US Slump
Swiss watch exports climbed 9.1% in value terms in August, their fourth consecutive monthly gain, helped by demand in China, Japan and Singapore even as US shipments fell sharply.
Partners Group faces €6bn refinancing crunch across Breitling and other holdings
Swiss private markets firm Partners Group is racing to refinance about €6 billion in debt at three portfolio companies, including watchmaker Breitling, as maturities approach in 2028.
Panerai left behind as luxury watch market revives
Source signal: Luxury watch revival brings bulky Panerai timepieces no relief
Richemont Sells Baume & Mercier to Damiani Group
Richemont has completed the sale of its watchmaking brand Baume & Mercier to the Italian Damiani Group, which plans to expand the 200-year-old maison's global reach.
Watches of Switzerland abandons £3bn sales target amid luxury downturn
Watches of Switzerland Group Plc is dropping its long-term goal to more than double sales to £3 billion by 2028, as the luxury market deteriorates. The company will present revised guidance to investors next month.