The Swatch Group recently released its financial report for the first quarter of 2020 As revealed in our post Swatch Profits Tank – Coronavirus Watch 27, the conglomerate claimed a quick sales recovery after the Coronageddon lockdown and a bright future ahead. Now it’s Richemont’s turn. The song remains the same. Well, the first part . . .
Continue reading “Richemont Sales Down 47% – Coronavirus Watch 28”
Our Sunday watch news roundup starts with Rolex’s lawsuit against laCalifornienne. Rolex was none-too-happy with the Rolex modder’s modifications. watchpro.com reports that Rolex won their suit against the husband-and-wife owners for trademark violation. Will Rolex take on the other modders, such as Wildman, Blaken and Mad Paris? Rolex’s victory may also have implications for . . .
Continue reading “Watch News 6/7/2020 – Rolex Mauls Modder!”
Watch Industry Braces For Historic Downturn HoDinkee proclaims. That’s like saying a car crash victim lying by the side of the road is bracing for impact. Dude, the downturn is here. Last month, Swiss watch exports fell by a staggering 81 percent. There’s no sign of a “revenge shopping” recovery. The real economy is in the tank. Ho’ writer Joe Thompson offers us a piercing glimpse into the obvious, then shares the following eye-opening prediction . . .
Continue reading “Which Watch Industry Brands Will Die? – Coronavirus Watch 22”
Yesterday, Watches of Switzerland revealed that it was pantsed by Coronageddon. Today, Richemont – the world’s third largest luxury goods conglomerate – reported their progress. How goes the battle for A. Lange & Söhne, BAUME, Baume & Mercier, Cartier, Van Cleef & Arpels, IWC Schaffhausen, Jaeger Le-Coultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Montblanc and Watchfinder & Co.? There are two key takeaways . . .
Continue reading “Richemont Swan Dives – Coronavirus Watch 18”
You may have heard that the coronavirus catastrophe has closed China for business. The effects are being felt throughout the region, and beyond. But that general statement doesn’t indicate the seriousness of the problem for Swiss watchmakers . . .
Continue reading “Coronavirus Catastrophe Kills Watch Sales”