Watches news and archive

Swiss watch exports: US market drives March growth

Zurich - Swiss watch exports rebounded by 1.5 percent in March, climbing to 2.38 billion Swiss francs (2.56 billion euros), driven by watch shipments to the US, the Swiss Watch Federation announced on Thursday. "Across the entire first quarter, however, the trend remains slightly negative, with a decline of 1.1 percent,” the Swiss Watch...

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Movado Group FY25 sales fall as company prepares for tariff impact

US-based, Swiss-founded watch firm Movado Group reported a 1.7 percent drop in net sales for the fiscal year 2025, amounting to 653.4 million dollars. The company, which owns and operates brands like Movado, Ebel, Concord and Olivia Burton, said the decline could be attributed to a drop in US wholesale clients’ brick and mortar stores, as well...

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Rag & Bone to expand into watches under new Sequel licensing deal

Rag & Bone is set to explore a new division. As part of a new five-year licensing deal with Sequel, the New York brand will be developing a line of premium watches under the watchful eye of its parent companies, Guess and WHP Global. Sequel, a subsidiary of Timex Group, has already been a long-term licensee partner to Guess, working with the...

Fashion

Michael Kors watches and jewellery to remain with Fossil

New York-based designer brand Michael Kors has extended its licensing agreement with the Fossil Group to continue creating its watches and jewellery. The move will see Michael Kors remaining a Fossil Group-licensed brand through 2027. John D. Idol, chairman and chief executive of Capri Holdings Limited and chief executive of Michael Kors, said...

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Switzerland: Watch exports to fall by 2.8 percent in 2024

Zurich - Swiss watch exports contracted by 2.8 percent in 2024 to 25.9 billion Swiss francs (23 billion pounds) due to a drop of more than 25 percent in China, the Federation of the Swiss Watch Industry announced on Thursday. After reaching a historic high in 2024, exports continued to decline month after month last year, with the watchmaking...

Fairs

LVMH Watch Week 2025: An edition between New York and Paris

LVMH Watch Week is back for its sixth edition. This year, the show exhibiting the luxury group's new watchmaking products is being held in two major cities: New York and Paris. After Dubai and Singapore, then Miami in 2024, LVMH has chosen New York and Paris to present the new watchmaking products of nine of its brands to the press. In New York,...

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Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...

Fashion

Gen Z redefining luxury watch trends

Generation Z consumers, born between 1997 and 2012, are “making waves” in the pre-owned luxury watch sector, according to new research from pre-owned watch specialist Watchfinder & Co. The research, looking into the purchasing habits of Gen Z consumers in the UK, found that this generation is redefining luxury watch trends, as over half (54...

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Fashion

Chanel named title sponsor and timekeeper of The Boat Race

French luxury fashion house Chanel has signed a long-term partnership deal with the annual boat race between Oxford and Cambridge universities to become The Boat Race’s title sponsor and official timekeeping partner. The historic event, established nearly 200 years ago in 1829, is the oldest major sporting event in the UK, with the dark and...

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Swiss watch exports to China plunge 50 percent in September

Zurich - Swiss watch exports suffered their steepest fall this year in September, pulled down by a 50-percent plunge in sales to China, the industry's federation said Thursday. It marks the latest sign of weakening demand in the world's second-largest economy, which has hit Europe's luxury sector. Sales to Hong Kong also fell 34.6 percent during...

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Watches of Switzerland snaps up editorial platform Hodinkee

The Watches of Switzerland (WOSG) has set its sights on an expanded audience through the acquisition of Hodinkee, an editorial content provider for luxury watch enthusiasts. The move builds on an ongoing Long Range Plan at the group, which aims to “leverage existing growth opportunities by growing sector leadership online”. This latest...

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Wolf opens first physical store in 190 years: The business behind luxury watch cases

The watch industry has experienced a well-received boom in recent years. One niche aspect of this market that is often overlooked by outsiders, but retains importance among watch enthusiasts, is that of boxes and cases for the cherished accessory. It is a market, alongside jewellery boxes, that Wolf has been championing for 190 years, yet it is...