Results for Swatch Group, Richemont & LVMH

Introducing: Baume, A New Watch Brand Focused On Customization And Sustainability From The Richemont Group

The latest marque hopes to bring watchmaking to a different audience.

Business News: Swatch Group Publishes Open Letter To Morgan Stanley Management Saying Longines Is Profitable And Tissot Sales Grew

Swatch takes aim at the numbers and methods of the widely read Morgan Stanley 'Swiss Watcher' industry report.

Swatch Group Responds to Morgan Stanley Report in Open Letter

Business News: LVMH Buys Minority Stake In Swiss Movement Maker La Joux-Perret From Japan's Citizen Group

Deal for minority stake gives luxury giant access to Swiss-made watch movements at a significant scale and comes as the industry consolidates.

Business News: Swatch Group Hikes U.S. Watch Prices In Response To Rising Swiss Franc and Tariffs

Swiss maker of Blancpain and other brands says price increases follow 'dramatic' change in exchange rates.

Reasons Behind the Swatch Group’s Profit Slump and How Things Could Improve

LVMH Bernard Arnault’s stake in Richemont: All the latest updates

Nicolas Bos Appointed CEO of Richemont Group

Weekend Rewind: Omega Isn't The Only Swatch Group Brand To Boast A Bond Watch

And it's not who you might expect.

Road to Recovery: Richemont, Swatch Rebound to Pre-COVID Sales

Business News: Swatch Group Gets Green Light In Mechanical Movements Case

ETA now can operate freely in Switzerland's more competitive mechanical movement market, COMCO says.

Swatch Group Cancels Time to Move 2020

In-Depth: Swatch Group Battles With COMCO Over ETA Movement Sales

At issue is whether Sellita really will be able to compete with ETA in an open market for mechanical watch movements.  

In-Depth: Taking The Swatch Group Manufacture Tour

Two hundred reporters, three days, six towns, six brands, zero Baselworld.

Jérôme Lambert Named CEO of Richemont Group

Swatch Group Quits Baselworld

Jérôme Lambert Appointed COO of Richemont, as the Group Posts Upward Sales Performance

The Big Bang: Jean-Claude Biver To Head LVMH’s Watch Department

BANG! Just as Richemont’s yearly watch-party, the SIHH, was starting last week, LVMH announced the appointment of Jean-Claude Biver as head of LVMH’s watch department. The timing of this announcement was surely not chosen in vain, perhaps in a slight attempt to upstage the party of the Richemont group and the SIHH brands. This announcement […]

What does Morgan Stanley’s top 50 Swiss watch brands list mean for the average enthusiast? (And Swatch Group’s two cents considered)

We dig into Morgan Stanley's latest Swiss watch industry report, and explain what it means for the average watch lover.The post What does Morgan Stanley’s top 50 Swiss watch brands list mean for the average enthusiast? (And Swatch Group’s two cents considered) appeared first on Time+Tide Watches.

Recap – The Finest New Watches Of LVMH Watch Week 2026

We’re only about three weeks in, but the first annual watch fair is already behind us. LVMH Watch Week served up some very lovely new watches from within the LVMH group’s brands: Louis Vuitton, TAG Heuer, Bvlgari, Hublot, Zenith, Daniel Roth, Gérald Genta and Tiffany. And even though the amount of new watches on display […]

Everything Tiffany & Co. Released At LVMH Watch Week 2025

While Tiffany & Co. sparks immediate associations with its signature robin’s egg blue boxes, Art Nouveau lamps, and perhaps a certain Audrey Hepburn film, the jeweler does have a rich horological history that can be traced back to the mid-19th century. This week, the brand (now part of French luxury group LVMH) doubles down on its commitment to high horology in this century, releasing four distinct new watches that reinterpret the American high jeweler’s lengthy legacy for the contemporary watchmaking landscape. Debuting a collection of four new pieces, Tiffany & Co. cuts through the sense of stark minimalism that so often pervades modern design in favor of unabashed, maximalist opulence.  Eternity by Tiffany Wisteria Enamel Watch Selfishly, it seems only fitting to begin with my personal favorite among the four new releases. Featuring a swirling-patterned enamel dial, 18k white-gold case, and hour markers set with diamonds of various shapes, the Eternity by Tiffany Wisteria Enamel infuses the brand’s well-established Eternity line of watches with the flair of one of its most sought-after lamp designs – the Wisteria Tiffany lamp.  “Iconic” is often overused in the popular lexicon when referring to classic designs, and I try to use it sparingly. But in the case of Tiffany lamps — with their intricate latticework, motifs that draw upon the natural world, and the bold interplay of color, which only becomes more compelling as the light filters through their var...

Business News: Swatch Groups Profit Sinks and Inventories Grow

The owner of brands like Omega and Longines, the Swatch Group just announced its results for the first half of 2024. The half-year numbers crystallised a slowdown that the watch industry has felt since late 2023. Revenue was down 14.3% to CHF3.44 billion, while operating profit plunged 70% to just CHF204 million, giving the group an operating margin of just 5.9%, compared to 17.1% from a year earlier. According to Swatch, the fall in revenue was “triggered by the sharp drop in demand for luxury goods in China (including Hong Kong SAR and Macau SAR)”. At the same time, wholesale sales fell over 10%, indicating that third-party retailers are ordering less watches from the group’s brands, which in turn indicates the retailers’ pessimism for the short- and medium term. Swatch also explained the poor results by noting the group did not “make any redundancies… [and] maintaining all production capacities and not laying off qualified staff”. This was done so that “the Group [will] recover more quickly and benefit more significantly from the next upswing.” The progressively weakening positions of each of the group’s brands relative to the competition – marques like Breguet and Blancpain stand out in this regard – imply this might be overoptimistic. Notably, Swatch stated “the Swatch brand bucked the negative trend” thanks to the bestselling MoonSwatch, but this was not (and will not) be sufficient to help the rest of the group given the low value of Swat...

LVMH Is An Unstoppable Force That’s Unlocking The Luxury Watch’s Full Potential

When Frédéric Arnault (29) became CEO of TAG Heuer in 2020 after joining the brand three years earlier, it demonstrated how much potential LVMH as a group saw in luxury watches. With him now appointed CEO of LVMH Watches in charge of Hublot, TAG Heuer and Zenith, LVMH (Moët Hennessy Louis Vuitton) has shown its […] Visit LVMH Is An Unstoppable Force That’s Unlocking The Luxury Watch’s Full Potential to read the full article.

Business News: Richemont Six-Month Watch Sales Plunge 38%

Richemont just reported its sales for the first half of the financial year – the six months to end September 2020 – and most of the numbers are in the red. The Swiss luxury group that owns Cartier and IWC saw sales fall 26% year on year, though the quarterly numbers show a gradual recovery. Sales were down by 47% in the first quarter but recovered enough to dip just 6% in the second quarter, owing to a gradual reopening of the economy. This no doubt inspired optimism amongst investors, who sent the group’s share price up almost 9% by the close of trading. Optimism notwithstanding, the declines extended to all performance metrics. Operating margin fell sharply to just 8.3%, almost half that for the same period in 2019. The falls in sales and margins collectively led to stark, 82% fall in operating profit. Net profit cratered, going from €869m in the first half of 2019 to just €159m. Beyond the negative numbers, the report was also notable for what it did not include. With rumours swirling about changes to Richemont management at the very top level – particularly about the tenure of chief executive Jerome Lambert – it was widely speculated the results announcement would include personnel changes, but nothing was forthcoming. Woe for watches and everywhere but Asia The global pandemic meant a global fall in sales, but with drops varying from region to region. As expected, Asia Pacific performed the best, with sales falling just 4%. Negative growth in the fir...

Business News: Richemont Reports Flat Watch Sales and Losses Online

Having just announced its six-month results to the end of September, luxury conglomerate Richemont eked out a rise in sales driven by its jewellery division, with its online business staying in the red and watchmakers showing no growth. Sales rose 9% increase to €7.397 billion, with a stable net profit of €869 million, based on actual exchange rates. The group reported double-digit sales growth in China, Korea, Japan, the US and the United Kingdom. But overall sales in Asia Pacific, which accounts for 37% of the group’s sales, has been subdued, mostly due to the political unrest in Hong Kong, which accounts for around 10% of the group’s revenue. The city saw sales drop by double digits. Richemont’s jewellery brands, namely Cartier and Van Cleef & Arpels, though it just added Buccellati to its portfolio, reported an 8% rise in sales. Notably, it was led by a higher increase in watch sales than jewellery. Prospects for the group’s watch brands, which include IWC and Panerai, have been muted due to the slump in its biggest market, Hong Kong. Richemont singled out Panerai, A. Lange & Söhne and Vacheron Constantin as enjoying the highest growth within the watch division, which is notable for the fact that these brands are not usually the drivers of growth, at least in recent years. The A. Lange & Söhne Odysseus, launched too late to help sales but its maker did well anyway In terms of sales channels, retail sales at Richemont’s own stores were up by 4%, but who...