Richemont News - WatchPro USA

Luxury watch groups swept up in global stock market sell-off as European Coronavirus cases spike

NEWS by Rob Corder on February 25, 2020

LVMH's share priced dropped by 5% on Monday as a surge in Coronavirus cases was reported in Italy. Swatch Group and Richemont were down by similar percentages.

UPDATED: 2020’s calendar for launches from the major watchmaking groups is in chaos. WatchPro plots a course through the wreckage

EDITOR'S CHOICE FEATURES LEAD STORY NEWS by Rob Corder on January 28, 2020

Swatch Group gets thrifty, LVMH splurges, Rolex and Patek stick with Baselworld, Richemont returns to Watches & Wonders, while Breitling and Audemars Piguet go their own way.

Richemont sales rise 4% in the final quarter of 2020 despite Hong Kong troubles

NEWS by Rob Corder on January 17, 2020

Specialist watchmakers, which includes timepieces from IWC, Cartier, Jaeger-LeCoultre, Piaget and Panerai, notched a 2% increase in sales to €818 million for the quarter.

EXCLUSIVE: Richemont will withdraw all its watch brands from Govberg Jewelers in 2020

EDITOR'S CHOICE LEAD STORY NEWS by Rob Corder on November 26, 2019

Backlash against pre-owned watch evangelist Danny Govberg comes from Richemont, the owner of direct rival Watchfinder.

Hong Kong protests expected to knock up to 4% off earnings for Swatch Group and Richemont

NEWS Research by Rob Corder on September 4, 2019

Sales in Hong Kong and Macau are being displaced to other markets including Europe and the United States, suggests private equity firm RBC.

ASK ARIEL: When will in-country managers be taken off financial probation by their headquarters’ bosses?

NEWS OPINION by Ariel Adams on August 19, 2019

One of the most pressing problems facing the wristwatch industry is the fact that managers and directors outside of Swiss head office cannot spend any money, argues aBlogtoWatch's founder Ariel Adams.

Hong Kong protests contribute to 2% drop in watch sales at Richemont

NEWS by Rob Corder on July 18, 2019

Federation of the Swiss Watch Industry says exports to Hong Kong slumped by 28% in June, alone, making the United States the world's biggest market.

Richemont maisons take up temporary home in New York’s Hudson Yards

America NEWS by Rob Corder on July 8, 2019

Pop-up show offers visitors an augmented and virtual reality look into the group's watch and jewelry making.

Former Richemont execs risk it all

EDITOR'S CHOICE FEATURES IN MAG LEAD STORY by Alex Douglas on June 4, 2019

What happens when 10 safely employed executives working at various Richemont maisons give it all up to launch their own watch company?

Richemont labels 2018 as a year of transition and consolidation as it reconfigures its channel strategy

NEWS Research by Rob Corder on May 17, 2019

Stock buy-back is wound up as group reports "right-sizing of watch inventories at multi-brand retail partners, and the adjustment of supply to the true level of end-customer demand".

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