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Results for Richemont Group

569 articles · 1 video found · page 3 of 19

Subprime Reporting? Thoughts On The Recent Morgan Stanley/Swatch Group Controversy Fratello
Swatch Mar 6, 2026

Subprime Reporting? Thoughts On The Recent Morgan Stanley/Swatch Group Controversy

Morgan Stanley Investment Management published its Ninth Annual Swiss Watcher on February 19th. The report dives deep into the commercial performance of the Swiss watch market on a brand-by-brand level. I assume very few watch enthusiasts read the whole thing, but one table is rather famous: the top 50 Swiss watch brands ranked by turnover. […] Visit Subprime Reporting? Thoughts On The Recent Morgan Stanley/Swatch Group Controversy to read the full article.

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Industry News - Richemont Reports Sales Up 11% For the Third Quarter of 2025 Monochrome
Cartier IWC JLC Jan 15, 2026

Industry News - Richemont Reports Sales Up 11% For the Third Quarter of 2025

Despite a challenging political and economic context worldwide, and the undeniable impact of tariffs on exports to the US, luxury powerhouse Richemont, owner of Cartier, IWC, JLC, and Vacheron, seems to remain strong. Indeed, in its latest quarterly report for the three-month period ended 31 December 2025 versus the prior-year period, and at constant exchange […]

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Fratello Talks: Swatch Group Releases 2025 [Live From The Utrecht Watch Valley Event] Fratello
Swatch Aug 28, 2025

Fratello Talks: Swatch Group Releases 2025 [Live From The Utrecht Watch Valley Event]

Welcome to another on-location episode of Fratello Talks, this time from the Watch Valley event in Utrecht, where the Swatch Group unveiled its latest novelties for 2025. In attendance were Nacho, Daan, and RJ, keen to get a full preview of the year’s releases from the brands present. The event was packed with exciting novelties […] Visit Fratello Talks: Swatch Group Releases 2025 [Live From The Utrecht Watch Valley Event] to read the full article.

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Industry News - Swatch Group Reports Sales Down 7% and Profit Decline for First Half of 2025 Monochrome
Longines Tissot Jul 17, 2025

Industry News - Swatch Group Reports Sales Down 7% and Profit Decline for First Half of 2025

In a challenging environment for the watch industry, Swatch Group, the Swiss powerhouse owner of brands such as Omega, Longines, Tissot and Breguet, reported sales of CHF 3,059 million for the first half of 2025, representing a decline of 7.1% at constant exchange rates and 10.4% on a comparable basis. The operating profit dropped to […]

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It’s Official: Rolex Is Out, And LVMH Is In  - The Arnault-Led Luxury Group Lands A 10-Year Partnership With Formula 1 Fratello
TAG Heuer through Formula 1 but Oct 3, 2024

It’s Official: Rolex Is Out, And LVMH Is In  - The Arnault-Led Luxury Group Lands A 10-Year Partnership With Formula 1

It’s been a rumor for quite a while, so the fact that Rolex is out and LVMH is in as of next year didn’t come as a surprise. Maybe the length of the firm 10-year contract is. In addition, LVMH won’t promote just the historically correct watch brand TAG Heuer through Formula 1 but also […] Visit It’s Official: Rolex Is Out, And LVMH Is In  - The Arnault-Led Luxury Group Lands A 10-Year Partnership With Formula 1 to read the full article.

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Fratello Talks: Swatch Group Novelties From The Watch Valley Event In Utrecht Fratello
Swatch Apr 25, 2024

Fratello Talks: Swatch Group Novelties From The Watch Valley Event In Utrecht

Hello, and welcome to an on-location episode of Fratello Talks. Today, Nacho, Daan, and Lex are coming to you from the Watch Valley event in Utrecht, where Swatch Group novelties for the first half of 2024 were unveiled. They’ll run through some of their favorites and give opinions on the different brand’s new watches and […] Visit Fratello Talks: Swatch Group Novelties From The Watch Valley Event In Utrecht to read the full article.

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Industry News - Swatch Group 2023 Results Show Solid Growth of Sales, Positive Outlook for 2024 Monochrome
Longines Tissot or Breguet reports Jan 23, 2024

Industry News - Swatch Group 2023 Results Show Solid Growth of Sales, Positive Outlook for 2024

Following the announcement in July 2023 of its half-year results showing an impressive growth of 18% in sales, Swatch Group has just issued its key figures for the entire year 2023. The Biel-based conglomerate, owner of brands such as Omega, Longines, Tissot or Breguet, reports sales up by 12.6% at constant exchange rates, or 5.2% […]

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The Autodromo Group B Welcomes All-New Rallysport Chronograph Worn & Wound
Apr 11, 2023

The Autodromo Group B Welcomes All-New Rallysport Chronograph

The Autodromo Group B is something of a modern legend around here. It’s a watch that works on every level, from concept to execution, and it remains one of the most compelling micro-brand/small independent offerings even now, 8 years after its initial release (particularly in Night Stage form, if you ask me). The Group B has always been a time-only three-hander, but that changes this week with the introduction of a new kind of Group B, a manually wound chronograph kind of Group B. Released in a range of five unique colorways exclusively through the Hodinkee Shop, the new watches are as bright and vivacious as the cars that inspired them.  The Group B takes inspiration, and indeed its name, from the short lived racing series from the ‘80s, which birthed some of the all-time great racing cars and their homologated road cars. The new Group B Chronograph watches reflect details and colors seen in and on the cars of that era, bringing bright hits of primary colors to the dials and hands that feel authentic to the subject matter without betraying anything too specific. Because of that, these watches should land pretty well even for folks unfamiliar with, or uninterested in, the racing tie in. There’s even a Hodinkee specific colorway, the H01, that applies subtle shades of green for a more subdued look. One of the many things that make time-only Group B so great are its impeccable dimensions. The 39mm titanium and steel case measures 39mm in diameter, and a scant 9mm in t...

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The New Autodromo Group C’s Just Landed In The Windup Watch Shop! Worn & Wound
Feb 26, 2023

The New Autodromo Group C’s Just Landed In The Windup Watch Shop!

Digital watches often get overlooked by watch enthusiasts, as we tend to want mechanical and automatic watches that have a “heart”. But digital watches have become an essential part of modern life, offering convenience, accuracy, durability, and functionality at an affordable price. It’s tough to argue with that. Autodromo knows how to win over even the most hardcore watch enthusiast with their unique automotive inspired designs and they’ve done it again with the newest Group C, now available in the Windup Watch Shop. Digital watches often get overlooked by watch enthusiasts, as we tend to want mechanical and automatic watches that have a “heart”. But digital watches have become an essential part of modern life, offering convenience, accuracy, durability, and functionality at an affordable price. It’s tough to argue with that. Autodromo knows how to win over even the most hardcore watch enthusiast with their unique automotive inspired designs and they’ve done it again with the newest Group C, now available in the Windup Watch Shop. The post The New Autodromo Group C’s Just Landed In The Windup Watch Shop! appeared first on Worn & Wound.

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Autodromo Enters a New Class with the Group C Worn & Wound
Feb 15, 2023

Autodromo Enters a New Class with the Group C

Automotive inspired watches are never easy to pull off, but if there’s one brand that’s consistently done just that, it’s undoubtedly Autodromo. Their watches, from the Vallelunga to the Group B, all convey a deep knowledge and passion of the underlying inspiration in ways that aren’t always immediately apparent. Whether it’s the shape of the curvature of the case, or a specific colorway used, these watches go above and beyond what you’d expect. Today, Autodromo opens a new chapter in this story with the release of the Group C, a watch that will sit alongside the Group B, all while imparting a very different impression of the racing classes for which they are named.  Group C as a category of racing was introduced by the FIA in 1982, and would produce some of the most iconic endurance racing cars of all time before its shuttering in 1993. Certainly defining cars of their era, which included the likes of the Jaguar XJR-8, the Sauber C9, the Porsche 956, and of course, the screaming Mazda 787B. These cars all came in something of a transition period for racing cars, with a slew of new rules and regulations meant to bring the sport more inline with Formula 1 quickly ushering in the class’ demise just prior to the 1993 championship race was due to be run at Magny Cours (though the cars were allowed entry to the 1994 running of the 24 Hours of LeMans, and would take the top 4 spots overall, with the Porsche 962 car 36 taking the win). This is the deep pool from wh...

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Business News: Swatch Group Posts Full-Year Loss SJX Watches
Longines Jan 28, 2021

Business News: Swatch Group Posts Full-Year Loss

From a robust profit of CHF748m the year prior, Swatch Group ended 2020 with a net loss of CHF53m – the first in decades for the Swiss watch conglomerate that owns brands like Omega, Longines, and Tissot. This reversal of fortune was attributed to the COVID-19 pandemic, which forced many of its retail stores to close while putting a halt to international travel. On an operating level, Swatch Group eked out a tiny CHF52m profit – compared to CHF1.02 billion the year before. The year’s results were mitigated by an improvement in the second half of 2020, with sales in the second half of the year rose 54.7% compared to the previous six months, as economic activity resumed in Asia with pandemic restrictions lifted, particularly in China, which experience double-digit growth for the full year. And the Swatch Group also had to face a virus of the digital kind in the second half of the year. Reported in information-technology news but not in the mainstream press, the group suffered a cyber attack in September, leading to a mention of “a 10-day production interruption” at Omega in the results announcement. Hit harder than most With jewellery selling better than luxury watches, fellow Swiss rival Richemont was buoyed by its pair of jewellery brands that helped plug the hole caused by its faltering watch division. Although Swatch Group owns American jeweller Harry Winston, the bulk of its revenue is generated by watches and watch components. Net sales fell to CHF5.59 bil...

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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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Business News: Swatch Group Sales Plunge on Pandemic Closures SJX Watches
Longines had Jul 14, 2020

Business News: Swatch Group Sales Plunge on Pandemic Closures

Swiss watchmaking conglomerate Swatch Group just announced its half-year 2020 results and unsurprisingly, it took a huge hit due to the COVID-19 pandemic. Although the group, which owns brands like Omega and Longines, had a good start in January with an operating margin of 17.3% – with the watch and jewellery brands performing a bit better than movement- and component-production division – the lockdown progressively imposed across the world since February severely impacted sales, leading to a steep declines in revenue and half-year operating loss, a first for the group. Group sales for the first half plunged 43.4% at constant exchange rates from a year earlier, resulting in an operating loss of CHF327m, compared to a profit of CHF547m for the same period in 2019. Most of the drop in sales was attributed to the lockdowns in most countries, resulting in widespread store closures. The Swatch Group saw up to 80% of both its own boutiques and third-party retailers close, meaning it had to rely on partially “partially feasible” e-commerce. And even after lockdowns were lifted, the group permanently vacated some of its retail space, as evidenced by disputes with its former landlord in Hong Kong, which has sued the Swatch Group for several million in allegedly unpaid rent. Due to its swiftly-streamlining retail network, the group’s employee count was trimmed by 6.5% since December 2019 to approximately 33,700 employees. This was also confirmed by anecdotal evidence fro...

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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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Will Coronavirus, and a recession, shorten that waiting list you’re still on? An economics professor and a former Swatch Group MD weigh in… Time+Tide
Swatch Jun 3, 2020

Will Coronavirus, and a recession, shorten that waiting list you’re still on? An economics professor and a former Swatch Group MD weigh in…

Entire nations forced under lockdown, airlines teetering on the brink of collapse, fistfights erupting over rolls of toilet paper … Coronavirus has rocked the planet and God knows what life will be like when ‘normality’ resumes. It’s unlikely to be normal as we knew it, that’s for sure. In such desperate times, it may seem … ContinuedThe post Will Coronavirus, and a recession, shorten that waiting list you’re still on? An economics professor and a former Swatch Group MD weigh in… 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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