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Results for Swatch Group, Richemont & LVMH

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Business News: Richemont and Swatch Results; Massive Inventories at Swatch SJX Watches
Vacheron Constantin saw overall sales dip Jul 18, 2019

Business News: Richemont and Swatch Results; Massive Inventories at Swatch

Swiss watchmaking groups Richemont and Swatch Group just announced their first quarter and six-month results for 2019 respectively, with each going in opposite directions. Owner of brands like Cartier, IWC and Panerai, Richemont saw growth across most segments and regions. Overall sales were up 12% at constant exchange rates, with every region growing in the low teens save for the Middle East and Africa. Sales in Asia grew 10%, led by China, where demand is up due to lower taxes locally on luxury goods and more stringent checks on travellers importing items bought overseas. Most notable was the performance of its online channels, namely luxury fashion mall Yoox Net-a-Porter (YNAP), pre-owned watch merchant Watchfinder, and to a lesser extent. That growth is from a low base of comparison: last year’s first quarter for each platform was only two and one month respectively. That being said, online sales are still substantial, rising to 50% to €648m, almost equal to the €698m of sales in the Americas as a whole. The group’s watchmaking brands, which include A. Lange & Söhne and Vacheron Constantin, saw overall sales dip 2%. This was attributed to a reduction in the number of sales channels as well as reduced orders of new product by retailers. Up in Biel, where the Swatch Group has its headquarters, half-year sales were down 3.7% at constant exchange rates, to 4.07 billion Swiss francs. Net profit followed suit, shrinking 11.3% to 415m francs. For the full year, howe...

Take An Early Peek at the Products of Windup Watch Fair San Francisco 2024 Worn & Wound
Citizen group family Alpina brings Apr 25, 2024

Take An Early Peek at the Products of Windup Watch Fair San Francisco 2024

Windup Watch Fair San Francisco is right around the corner and if you’re like us, you’ve only got one thing on your mind: what watches am I going to see? Whether you are planning to stop at specific brands on your tour of the new venue in Fort Mason, or your plan is to wander through the 80 different watch and EDC brands, today we’re highlighting a selection of standout projects from our Lead Sponsors. As always, Windup is free and open to the public, thanks in large part to these brands who continue to support the enthusiast community. You can see all of these brands and more at the 2024 Windup Watch Fair in San Francisco: Fort Mason – Gateway Pavilion, 2 Marina Blvd, San Francisco Friday, May 3: 12PM – 6PM Saturday, May 4: 12PM – 6PM Sunday, May 5: 12PM – 5PM Free and open to the public You can see every product listed here and more from each sponsor on the Windup Watch Fair Product Showcase. While you’re on the site, be sure to sign up for Windup updates to make sure you continue to get the latest info in advance of and throughout Windup Weekend. Alpina One of the key brands in the Citizen group family, Alpina brings design and engineering talents to build luxury sport watches that operate with the highest available standards in precision and reliability through sporting environments. At Windup SF 2024, Alpina will showcase their Alpiner Extreme Automatic model, relaunched in 2022 after a 2009 introduction. Now with stainless steel bracelets, the watch c...

LVMH Watch Week 2020: A Round Table Discussion Of A New-Generation Group Fair And A Photofest Of New Watches From Zenith, Hublot And Bulgari Quill & Pad
Bulgari As Baselworld Jan 18, 2020

LVMH Watch Week 2020: A Round Table Discussion Of A New-Generation Group Fair And A Photofest Of New Watches From Zenith, Hublot And Bulgari

As Baselworld and Watches & Wonders (formerly SIHH) continue to evolve, change, and metamorphose, the various groups and brands continue to ponder how to best show their new watches to both retail and press. In an experimental trial run for a new-age solution, LVMH staged a small fair comprising three of its watch brands – Zenith, Hublot, and Bulgari – in Bulgari's Dubai Resort. Here's what we thought of the event.

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.

Richemont Sells Baume & Mercier To The Italian Damiani Group Fratello
Baume & Mercier Jan 23, 2026

Richemont Sells Baume & Mercier To The Italian Damiani Group

Yesterday, the watch industry news headline read: “Richemont sells Baume & Mercier to Damiani Group.” The brand that turned 195 last year will soon be in the hands of its Italian distributor. In addition to being the distributor of Baume & Mercier, the family-run group also owns jewelry brands Damiani, Salvini, Bliss, and Calderoni, as […] Visit Richemont Sells Baume & Mercier To The Italian Damiani Group to read the full article.

Introducing – Credor Goldfeather Imari Nabeshima Porcelain Dial GCBY991 Monochrome
Seiko Group was founded Jan 8, 2026

Introducing – Credor Goldfeather Imari Nabeshima Porcelain Dial GCBY991

Credor, a high-end division of the Seiko Group, was founded in 1974 with a focus on refined, ultra-thin timepieces that emphasise artistic and artisanal techniques. Originally catering to the Japanese domestic market, Credor has begun to expand internationally only recently (mostly with the Locomotive, based on a Genta design) and will make its debut at […]

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.

Introducing: The MoonSwatch Mission to Earthphase – Moonshine Gold Fratello
Omega × Swatch MoonSwatch collection Aug 3, 2025

Introducing: The MoonSwatch Mission to Earthphase – Moonshine Gold

Back in March 2022, the watch world experienced something rarely seen - a global frenzy, not over a mechanical masterpiece or a limited-edition grail but, instead, a battery-powered, (Bioceramic) plastic-bodied chronograph. The original Omega × Swatch MoonSwatch collection dropped without much warning, causing scenes that rivaled those of sneaker releases. People queued overnight outside Swatch […] Visit Introducing: The MoonSwatch Mission to Earthphase – Moonshine Gold to read the full article.

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 […]

Auction: Christie’s Auction to Benefit Medical Charity ELA SJX Watches
Girard-Perregaux Swatch Oct 7, 2024

Auction: Christie’s Auction to Benefit Medical Charity ELA

Christie’s has just announced Watches for ELA, a thematic auction of 11 watches, mostly one-of-a-kind, to benefit the European Leukodystrophy Association (ELA), which supports research into the disorder. The brands that have created watches for the sale include Bovet, Konstantin Chaykin, Girard-Perregaux, Swatch, and most crucially from a value perspective, Richard Mille. While Christie’s is best known for staging Only Watch, a biennial charity auction, the ELA auction is notable for being the brainchild of François-Henri Pinault, the chief executive of French luxury conglomerate Kering, which owns brands like Gucci and Balenciaga. Mr Pinault is on the board of ELA, while Christie’s is owned privately by the Pinault family. Each timepiece in the ELA auction is offered without reserve, with all proceeds going to ELA. The sale takes place on November 11, 2024 as part of Christie’s customary Rare Watches auction. The catalogue and online bidding will be available at end October. Richard Mille RM 65-01 Automatic Split-Seconds Chronograph Dark Yellow Quartz TPT The flagship offering in the sale, and the only watch with a six figure estimate, the RM 65-01 is one of the most complicated Richard Mille watches, the RM 65-01 is powered by a high-frequency, self-winding rattrapante chronograph movement made by Vaucher. This example is part of a 120-piece limited edition that’s the latest iteration of the RM 65-01. It sports yellow Quartz TPT carbon composite case and is th...

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.

Business News: Richemont Appoints Nicolas Bos Group CEO SJX Watches
Jaeger-LeCoultre May 20, 2024

Business News: Richemont Appoints Nicolas Bos Group CEO

Alongside its results for the year ended March 2024 – with revenue at an all-time high but marked by slowing growth – Richemont announced a major management revamp with Nicolas Bos promoted to chief executive officer of the group that owns brands like Cartier and Piaget. His predecessor (but not exactly), Jérôme Lambert, will be the group’s chief operating officer. Having led Van Cleef & Arpels (VC&A;) for just over a decade, Mr Bos skilfully grew the jeweller’s revenue more than sixfold during his tenure. At the same time, he managed to established a recognisable identity for VC&A;, one distinct from its bigger sibling, Cartier. He has spent practically his entire career at Richemont, having joined the group in 1992. Prior to taking the top job at VC&A;, he was its creative director, a role he retained even after becoming the jeweller’s chief executive. Effective June 1, the promotion of Mr Bos lends credence to talk of retirement for Cartier boss Cyrille Vigneron, who at 63 is nearing the group’s retirement age. Having led Cartier since 2015, Mr Vigneron has transformed it into a reliably profit generator that accounts for about half of the group’s revenue and a great deal of its profits. And next most profitable brand in Richemont is of course VC&A;. Jerome Lambert Some are more equal than others Mr Bos’ new job implies a demotion of sorts for Mr Lambert, who was appointed chief executive officer in 2018, after having led Jaeger-LeCoultre and then Montbla...

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.

Introducing: The MoonSwatch Snoopy - Mission To The Moonphase Fratello
Omega × Swatch MoonSwatch Mission Mar 21, 2024

Introducing: The MoonSwatch Snoopy - Mission To The Moonphase

Exactly two years after the successful launch of the MoonSwatch, Swatch introduces the Mission to the Moonphase. It’s a MoonSwatch Snoopy, in short, as NASA’s “watchdog” is positioned in the upper-right sub-dial. On the battery cover on the case back, there is also Snoopy’s footprint on the Moon. Clever! Omega × Swatch MoonSwatch Mission to […] Visit Introducing: The MoonSwatch Snoopy - Mission To The Moonphase to read the full article.

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% […]

Roger Smith reminds us to have fun with a MoonSwatch wristshot Time+Tide
Omega x Swatch MoonSwatch I Aug 16, 2023

Roger Smith reminds us to have fun with a MoonSwatch wristshot

On a personal level, I am well documented on the record in that I have no desire to purchase a Omega x Swatch MoonSwatch. I just cannot see a reason to bring it into my collection, recognising from my own wear patterns it would probably get very little wrist time. Maybe it is a bit … ContinuedThe post Roger Smith reminds us to have fun with a MoonSwatch wristshot appeared first on Time+Tide Watches.

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...

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...

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.