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Results for Swatch Group, Richemont & LVMH

1,129 articles · 4,351 videos found · page 16 of 183

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Swatch and MoMa Debut Special Edition Collection SJX Watches
Swatch Feb 23, 2021

Swatch and MoMa Debut Special Edition Collection

Translating works of art into eminently affordable and wearable timepieces has long been a Swatch speciality, since the brand’s founding in fact. More recently, Swatch worked with the Keith Haring Foundation on a Mickey Mouse-themed collection. And its latest venture is a tie up with the Museum of Modern Art (MoMA). Swatch X MoMA is a collection of nine watches, each featuring paintings from the collection of the New York institution. Six watches will be available globally, either singly or as a limited-edition set, with the balance being customisable via the Swatch X You platform. The carefully curated selection of artwork spans the 20th century – save for Van Gogh’s The Starry Night of 1889 – creating a line up of watches that are each vastly distinct in style, and also in size, making each model unique. From left: The Dream; The Starry Night; The City and Design, The Wonders of Life on Earth, Isamu Kurita; New York; Composition in Oval with Color Planes 1; and Hope, II Initial thoughts Swatch x MoMa was launched virtually by a team drawn from both the watchmaker and museum – their passion and knowledge as they related the stories behind the project amazed me. Despite being extremely affordable watches, it is clear that a tremendous amount of passion and collaboration went into the development of the watches. And the result is rightly compelling. The entire watch, and not merely the dial, is the canvas, creating a flow of colour from end to end. But the pa...

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The new Swatch x MoMA releases offer fresh proof that watches can be a work of art Time+Tide
Patek Philippe World Time or Feb 19, 2021

The new Swatch x MoMA releases offer fresh proof that watches can be a work of art

When you think of art in watchmaking, your mind probably turns to the painstaking creation of a cloisonné enamel dial for a Patek Philippe World Time, or the engraving of an A.Lange & Söhne balance cock. But art in watchmaking suddenly got a whole lot more accessible thanks to the Swatch x MoMA collection that … ContinuedThe post The new Swatch x MoMA releases offer fresh proof that watches can be a work of art appeared first on Time+Tide Watches.

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Ox-fresh: Celebrate Chinese New Year with wristworn art from Blancpain to Swatch Time+Tide
Blancpain Jan 30, 2021

Ox-fresh: Celebrate Chinese New Year with wristworn art from Blancpain to Swatch

The Swiss maisons are at it again, bringing their entire arsenal of craftsmanship to celebrate the Chinese New Year. As we all know, the Chinese market is huge and a great reason for watch brands to bring out the big guns. By big guns, however, we really mean the opposite here, as tiny instruments and … ContinuedThe post Ox-fresh: Celebrate Chinese New Year with wristworn art from Blancpain to Swatch appeared first on Time+Tide Watches.

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Business News: Richemont Sales Recover in Third Quarter SJX Watches
Panerai Jan 20, 2021

Business News: Richemont Sales Recover in Third Quarter

In the third quarter of its financial year – the three months to end-December 2020 – Richemont reported a modest recovery, with sales rising 5% over the same period a year before at constant exchange rates. This modest recovery was enough to moderate its results for the nine months to date, with revenue for the period down 14%, as compared to the drastic 38% plunge in sales for the first half of the year. Owners of over two dozen watch and jewellery brands including Cartier, IWC, and Panerai, the Swiss luxury conglomerate was buoyed by robust demand in Asia, its biggest regional market, as well as the Middle East and Africa. Combined, the two regions make up approximately half of Richemont’s global sales. The Asia Pacific enjoyed a 25% rise in sales, driven largely by exceptional demand in mainland China, where revenue rose an impressive 80% for the period, with sales in Taiwan also seeing a marked 29% increase – both consequence of a return to regular economic activity as the pandemic was brought under control, and the inability to travel and shop overseas. Paradoxically, the results in the Middle East were driven by a revival of tourist spending in Dubai as flights resumed, and domestic spending in Saudi Arabia where citizens cannot easily go abroad. This contributed towards a remarkable 27% increase in sales for the region. Elsewhere, sales too rose, albeit in smaller, single-digit increments. Bolstered by domestic demand, sales in the Americas rose by 3%. Jap...

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Swatch Introduces the Disney Mickey Mouse x Keith Haring Collection SJX Watches
Swatch Jan 5, 2021

Swatch Introduces the Disney Mickey Mouse x Keith Haring Collection

Continuing its series of collaborations with noted artists, Swatch has just unveiled the Disney Mickey Mouse x Keith Haring Collection, a quartet of watches inspired by the artist’s take on the iconic mouse. The collection is made up of a pair of 41 mm New Gent models, a smaller 34 mm watch, as well as an oversized, Maxi wall clock shaped like a wristwatch. An artist whose pop art outlived his unfortunately short career, Haring was best known for his graffiti in New York City’s subway stations, often depicting dancing figures or animals in outline. Haring was also a proponent of accessible art, and worked with Swatch in 1986 to create a set of four watches, which debuted alongside Pop Shop, a store in New York’s Soho district that sold affordable products bearing his work. The 1986 Swatch Keith Haring set. Photo – Christie’s Haring died in 1990 at the age of 31, but now, some three decades later, Swatch has rolled out the second Haring collection, conceived together with the artist’s eponymous foundation. The new collection revisits Haring’s earlier work that depicts Mickey Mouse, explaining the collaboration with Disney. The 41 mm Eclectic Mickey Initial thoughts Swatch excels at watches in funky design and bright colours, and the Haring-Mickey Mouse watches personify that. And the fact that the watch incorporate iconic examples of 1980s pop art make them even more interesting, less timekeeper than an affordable means of acquiring a little bit of Haring’...

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Business News: LVMH Bags Tiffany & Co. at a Discount SJX Watches
Louis Vuitton Oct 29, 2020

Business News: LVMH Bags Tiffany & Co. at a Discount

Having recently ditched its takeover of Tiffany & Co. – citing looming US tariffs on French goods – LVMH has now done what many industry insiders long expected – clinching the deal at a lower price. The owner of Louis Vuitton and Bulgari will pay US$131.50 a share for the American jeweller, instead of the US$135 originally agreed. The discount is more modest than expected, slightly over 2%, which translates into savings of about US$400m, against a total deal value of about US$15.8 billion. The deal is expected to close in early 2021. Regardless of the price, Tiffany is an important addition to LVMH’s expansive stable of luxury brands. Although LVMH is the world’s largest biggest group by a large margin – its 2019 sales were €53.7 billion – it has a comparatively small presence in “hard” luxury, namely watches and jewellery. That segment now makes up less than 10% of its sales, but Tiffany will bulk it up significantly. In fact, the deal’s completion will mean that LVMH owns two of the three largest makers of branded jewellery – Tiffany and Bulgari.  

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“We thought the world needed a luxury Swatch watch.” Explosive Jean-Claude Biver interview tells the Hublot story like never before Time+Tide
Hublot story like never before Oct 16, 2020

“We thought the world needed a luxury Swatch watch.” Explosive Jean-Claude Biver interview tells the Hublot story like never before

Jean-Claude Biver and his team bought Hublot 24 years ago. At that time it was a tiny brand, big in Spain, but netting $24-million. But Biver considered that it had reached less than 20% of its potential and could be a mega-brand, with its youthful re-casting of luxury in a more casual, sporty and fun … ContinuedThe post “We thought the world needed a luxury Swatch watch.” Explosive Jean-Claude Biver interview tells the Hublot story like never before appeared first on Time+Tide Watches.

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INTRODUCING: No Time To Die might be delayed, but the new Swatch x 007 ²Q is available right now Time+Tide
Swatch Oct 11, 2020

INTRODUCING: No Time To Die might be delayed, but the new Swatch x 007 ²Q is available right now

After the success of the previous Swatch x 007 collaboration, another tough and colourful watch is back, now exclusively in time for the release of No Time To Die. In his infinite wisdom, Q has tinkered away in his basement and come up with the Swatch x 007 ²Q. Here we have a brash and … ContinuedThe post INTRODUCING: No Time To Die might be delayed, but the new Swatch x 007 ²Q is available right now appeared first on Time+Tide Watches.

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Swatch Introduces the ²Q for ‘No Time to Die’ SJX Watches
Omega s 007 Seamaster Q Oct 6, 2020

Swatch Introduces the ²Q for ‘No Time to Die’

Earlier this year Swatch released the Swatch x 007 collection made up of six watches, each inspired by a James Bond movie from 1962 to 2006, in the lead-up to the premiere of the latest Bond flick, No Time to Die. Then the watchmaker worked with the movie’s design team to imagine a watch suitable for Q, the MI6 gadget chief who outfits Bond in every film, resulting in the ²Q. It was originally launched in March 2020 as a limited edition with red accents – Ben Whishaw as Q in the film will be wearing one – but now the blue version has been unveiled to coincide with the film’s release. But because No Time to Die has been delayed yet again, to April 2021, the watch is going it alone. Initial thoughts Unlike Swatch x 007 watches from earlier in the year that were elaborate in style and colour, the ²Q is pared-back and slightly mechanical in style, but avoids being boring thanks to an open dial and red accents. It is surprisingly interesting to see the insides of a quartz watch, which is not often revealed since mechanical movements are more commonly exposed. The design is simple but executed well. For instance, the red flange slopes downwards to the brushed chapter ring for the hours, adding some depth to the face. At 42 mm in diameter, the ²Q is larger than earlier 007 editions. That also holds true for the price, which at US$220 is also steeper than usual, but still eminently affordable compared to Omega’s 007 Seamaster. Q details Based on the Skin Irony mod...

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RECOMMENDED READING: How Hermès got away from LVMH – and thrived Time+Tide
Hermes Sep 18, 2020

RECOMMENDED READING: How Hermès got away from LVMH – and thrived

Editor’s note: How did Hermès not only survive, but manage to thrive after resisting a takeover bid from LVMH? This story tells the tale. And leaves out what might be the best bit for us, as watch lovers. Which is Hermès’ ongoing ascendancy in watchmaking. Who could forget the extraordinary Arceau L’heure de la lune … ContinuedThe post RECOMMENDED READING: How Hermès got away from LVMH – and thrived appeared first on Time+Tide Watches.

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Swatch Introduces the Swatch x BAPE Big Bold 2020 SJX Watches
Swatch Aug 5, 2020

Swatch Introduces the Swatch x BAPE Big Bold 2020

One year after the launch of its first collaboration with Japanese streetwear label A Bathing Ape (BAPE), Swatch has just announced the second edition of the Swatch x BAPE Big Bold. A limited edition of unknown quantity, the new line up is made up of three models, plus a more exclusive box set that Swatch has teased about but not yet announced. From left: Tokyo Black Multi Camo, Tokyo Grey Multi Camo, Tokyo White Multi Camo Initial thoughts The first Swatch x BAPE edition was made up of six watches, each dedicated to a different city, along with a sixth “global” model – resulting in six truly distinct designs, making the whole set desirable. On the other hand, the new edition pays homage to Tokyo, the birthplace of BAPE, and all three watches have the same design, namely a stamped camouflage pattern on the dial, making it arguably less interesting as a trio. The monochromatic dials accentuate the large 47 mm diameter, which is further emphasised by the copious negative space in the lower half of the dial. Though not as daring in terms of design as the first edition, the new Swatch x BAPE collection will probably be well received thanks to its affordability and fun styling. Tokyo White Multi Camo with copper dial and matching pin buckle Round two The new Swatch x BAPE watches are identical, except for the colours of the case and dial. The case is 47 mm and matte plastic, with the crown at two o’clock and an integrated silicon strap. The trademark BAPE camouflage...

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INTRODUCING: BAPE x Swatch 2020, a Big Bold 47mm statement watch Time+Tide
Swatch Jul 31, 2020

INTRODUCING: BAPE x Swatch 2020, a Big Bold 47mm statement watch

Streetwear fans rejoice, Swatch and BAPE (A Bathing Ape for those not in the know) are back with another big and bold collection. As far as #details go, this watch comes fully loaded. Taking up where last year’s collaboration left off, this new collection is a colourful collision of styles. BAPE brings the disruptive and … ContinuedThe post INTRODUCING: BAPE x Swatch 2020, a Big Bold 47mm statement watch appeared first on Time+Tide Watches.

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Pandemic Truths – Brian Duffy, CEO Watches of Switzerland Group SJX Watches
Jul 2, 2020

Pandemic Truths – Brian Duffy, CEO Watches of Switzerland Group

Having just gone public in May 2019, the Watches of Switzerland Group has a major presence in its home market of the United Kingdom, as well as the United States. Its revenue for the 2020 financial year was £819.3 million, or about US$1.02 billion, making it one of the world’s largest watch retailers. The man who led the group to its flotation on the London stock market is Brian Duffy. He was appointed chief executive in 2014, after Watches of Switzerland was acquired by American private equity outfit Apollo Global Management. Mr Duffy’s tenure has seen the group post strong growth and record sales. Just before lockdowns took effect in its primary markets in mid-March, sales were up 36.4% in the United States, while group revenue rose 15.8%. And it was expanding apace, having just acquired four stores from Fraser Hart, while renovating several of its existing stores. Then the pandemic hit. So what happens now? Mr Duffy shares his views on the current situation, and why he is optimistic about e-commerce as well as luxury watches. How did the pandemic affect your business overall? Obviously it was quite a shock. Our first concern was to ensure our staffs’ health and to maintain the whole workforce. We managed to keep all our people and worked on keeping spirits high everywhere. Our numbers were very good coming into the year – up 16% at the end of the fiscal year in April 2020 – but closing all stores across the UK and US slowed down this trend momentarily. O...

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How the Swatch Casino Royale changed my collecting forever Time+Tide
Omega Seamaster restored I was Jun 10, 2020

How the Swatch Casino Royale changed my collecting forever

When I had my great-grandfather’s 1958 Omega Seamaster restored, I was convinced that I’d never wear, or need another watch again. It looked great, performed fantastically, and I had a personal connection to it that just didn’t exist for anything else. But as my interest in watches and time spent researching them grew, it was … ContinuedThe post How the Swatch Casino Royale changed my collecting forever appeared first on Time+Tide Watches.

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Business News: Richemont Pessimistic After Weak Results SJX Watches
Panerai enjoyed “good sales performance” May 15, 2020

Business News: Richemont Pessimistic After Weak Results

Richemont’s fourth quarter was one of the victims of the COVID-19 pandemic, pulling down its results for the full year to end-March 2020. Even though the full year’s tally was not down substantially, Richemont chairman Johann Rupert was gloomy in his prediction for the coming year. China, the first country to recover from the pandemic, has “apparently returned to ‘business as usual’ remarkably quickly” and Richemont stores there are enjoying now “strong demand”. But because everywhere else is only partway through the crisis, the plain-speaking South African tycoon raised the possibility of “12, 24 or 36 months of grave economic consequences”, while halving the annual dividend to €1 a share to conserve cash. Johann Rupert. Photo – Richemont The Swiss luxury conglomerate, which owns brands like Cartier, IWC, and Panerai, enjoyed “good sales performance” until the fourth quarter, with its jewellery brands and online retail performing better than other divisions, including watchmaking, which has lagged for several quarters. At actual exchange rates, annual sales eked out a 2% rise to €14.2 billion, with most regions growing slightly, save for a 5% decline in Asia Pacific. Net profit fell 34%, excluding a one-off, non-cash gain due to a share revaluation the year prior. The declines were largely due to the fourth quarter, where Richemont took a massive hit. In the last quarter, sales fell by 18% globally, with Hong Kong crashing 67%. The group end...

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Baselworld officially cancelled for 2021, though MCH Group considering comeback via “follow-up formats”; journalists just pleased press releases will stop now Time+Tide
May 6, 2020

Baselworld officially cancelled for 2021, though MCH Group considering comeback via “follow-up formats”; journalists just pleased press releases will stop now

In what is surely, surely the last press release relating to the collapse of Baselworld, the MCH Group has announced that it has “taken the decision not to hold Baselworld in 2021”. Insert saddest ever meme here. The release also outlines the “amicable” end to a dispute over brands accessing refunds for this year’s cancelled … ContinuedThe post Baselworld officially cancelled for 2021, though MCH Group considering comeback via “follow-up formats”; journalists just pleased press releases will stop now appeared first on Time+Tide Watches.

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