Watches news and archive

Madrid's Milla de Oro welcomes Patek Philippe's first Spanish boutique

Patek Philippe has taken a decisive step in Spain by opening its first mono-brand boutique at 62 Calle de Serrano, in the heart of Madrid's Milla de Oro. Although the opening took place discreetly at the end of February, the Swiss Maison has now officially announced the news. This consolidates its presence in the country and reaffirms a historic...

Fashion

Citizen to release watch collection with Vera Wang

Watch company Citizen has announced it is launching a designer collaboration with Vera Wang in spring 2027, as part of the brand’s investment in its women’s watch business. The Vera Wang for Citizen collection is part of the watchmaker’s 50th anniversary of its Eco-Drive Innovation. It has been developed “through a close creative partnership”...

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American Exchange Group acquires watchmaker E. Gluck Corporation

Accessories and manufacturing firm American Exchange Group has acquired the assets of respected watchmaker E. Gluck Corporation for an undisclosed amount. The acquisition will form a new company, E. Gluck Holdings LLC, which aims to operate as “the premier and largest wholesale fashion watch and jewellery company in the industry,” explains...

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Watches of Switzerland sees strong sales growth in Q3, updates guidance

Watches of Switzerland Group experienced continued positive sales growth in both the US and UK markets, driven by a strong holiday season. For the 13 weeks ended January 25, 2026, the company saw sales growth ahead of expectations. Demand for luxury brands remained strong, outpacing supply in both the UK and US. The US market delivered...

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Swiss watch exports contract by 1.7 percent in 2025

Zurich - Hit by US tariffs, Swiss watch exports contracted by 1.7 percent in 2025 despite a rebound in December, according to statistics published on Thursday by the Swedish watch federation. In 2025, Swiss watch exports amounted to 25.6 billion francs (33.32 billion dollars). This marked a decline for the second consecutive year, following a...

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Swiss watchmakers halt US shipments awaiting lower tariffs

Zurich, Switzerland – Swiss watch exports to the US plummeted again in November, as manufacturers delayed shipments in anticipation of a tariff reduction to 15 percent. According to data from the watchmaking federation published on Thursday, exports to the US fell by 52.3 percent in November. This follows declines of 46.8 percent in October,...

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Watches of Switzerland delivers H1 revenues increase of 10 percent

The Watches of Switzerland Group PLC announced a strong first-half performance for fiscal year 2026, delivering 10 percent growth in Group revenue at constant currency to 845 million pounds, with statutory profit before tax surging 50 percent to 61 million pounds. The primary engine of this growth was the robust U.S. market, where revenue jumped...

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Movado Group Q3: Improved sales and profitability amid tariff concerns

Movado Group, Inc. delivered higher sales, stronger margins and improved profitability despite continued tariff pressures for the third quarter ended October 31, 2025. Net sales rose 3.1 percent to 186.1 million dollars, driven by growth in licensed brands and company stores, even as owned brands moderated. U.S. net sales increased 6.9 percent,...

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Watchmaker Breitling announces ‘House of Brands’ portfolio

Swiss luxury watch manufacturer Breitling has formed a strategic ‘House of Brands’ portfolio with Universal Genève and Gallet, following its acquisition of the historic watch companies earlier this year. The three watch maisons will unite under “one strategic vision,” the watchmaker unveiled at Dubai Watch Week today, November 19, as together...

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Fossil Group posts Q3 sales decline despite ongoing turnaround efforts

Fossil Group, Inc. reported fiscal third-quarter 2025 results that reflect continued progress in its multi-year turnaround, alongside a major balance sheet milestone that executives say positions the company for long-term profitable growth. CEO Franco Fogliato highlighted the completion of a comprehensive refinancing this week, calling it a “...

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LVMH strengthens Swiss watchmaking ties with La Joux-Perret investment

The LVMH Watches Division, which encompasses Hublot, Tag Heuer, and Zenith, has announced the acquisition of a minority stake in La Joux-Perret, a recognized Swiss manufacturer specializing in the design and production of sophisticated watch movements. This strategic move is paired with a commercial partnership intended to secure new production...

Fashion

Rare Patek Philippe watch sells for 17.6 million dollars

A Patek Philippe timepiece that in 2016 became the most expensive wristwatch ever sold at auction fetched an even higher price this weekend, auctioneers Phillips said Sunday. The watch sold for 14,190,000 Swiss francs (17.6 million dollars), surpassing the 11 million francs it fetched nine years ago, or 11 million dollars at the time. The Patek...