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Results for Swatch Group, Richemont & LVMH

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Business News: Richemont Sales Halve in First Quarter of 2020 SJX Watches
Panerai suffered from widespread store Jul 16, 2020

Business News: Richemont Sales Halve in First Quarter of 2020

Just days after the Swatch Group posted dismal half-year results, Richemont reported predictably poor sales for its first quarter, with revenue falling 47% to €1.99 billion compared to a year earlier. Like its rival the Swatch Group, Richemont was hit hard by the COVID-19 pandemic. The owner of almost two dozen watch and jewellery brands, including Cartier, IWC and Panerai, suffered from widespread store and distribution centre closures, a worldwide halt in tourism, and dampened consumer interest in many of markets, although China was a bright spot. Degrees of resilience The group’s business across the world was affected to varying degrees from region to region, depending on a combination of factors, namely the duration of closures, tourist spending, and spending of the domestic buyers. Although Richemont reported double-digit sales declines across all regions, distribution channels and business areas, the decreases were less pronounced in the Middle East, Africa, and Asia Pacific – the latter benefitted from a 47% year-on-year growth in sales in China, which exited its lockdown earlier than the rest of the world. China’s performance helped keep sales in the Asia Pacific resilient, to a degree. Sales in the region decreased by 29% at actual exchange rates to €277m, declining in all Asian markets, except China. Amongst the hardest hit were Japan and the Americas, where sales dropped 62% and 60% respectively due to widespread closure. The 2020 Cartier Privé Tank...

A Look at the Novelties from Tiffany & Co., Gerald Genta, and Daniel Roth for LVMH Watch Week Worn & Wound
TAG Heuer Zenith Jan 22, 2026

A Look at the Novelties from Tiffany & Co., Gerald Genta, and Daniel Roth for LVMH Watch Week

Among the new releases at LVMH Watch Week this year were a series of novelties from brands that casual observers might sometimes forget sit inside the LVMH portfolio. Tiffany & Co., Gerald Genta, and Daniel Roth all unveiled new pieces this week to varying degrees of fanfare. And while these boutique luxury brands are very different in shape from the likes of TAG Heuer, Zenith, and Hublot, which really form the core of the LVMH watch business, it says a lot about the power and reach of LVMH as an entity that these brands fall under their purview. All three brands are recent additions to the LVMH stable, with Gerald Genta joining upon its relaunch in 2023, TIffayny & Co. when the sale of the company to LVMH went through in 2021, and Daniel Roth in 2011, when LVMH acquired Bulgari, then caretakers of Roth’s brand (LVMH relaunched Daniel Roth as a separate entity in 2023). These three brands also seem arranged in the LVMH ecosystem to compete directly with high end independent brands, particularly Daniel Roth, a name once seen as preeminent in the world of independent watchmaking.  Let’s run through the key releases from each brand at this year’s LVMH Watch Week. Tiffany & Co. debuted the Tiffany Timer, a three register chronograph with El Primero movement that flies under the radar, perhaps, in a few ways. First and foremost, that white metal case is not steel or white gold, but solid platinum. And the indices at each hour are baguette cut diamonds, which seems like a...

Zenith Introduces Six New Defy Models During LVMH Watch Week Fratello
Zenith Introduces Six New Defy Jan 20, 2026

Zenith Introduces Six New Defy Models During LVMH Watch Week

For Zenith, the start of 2026 is all about the Defy collection. Now, as a big fan of the brand, I found this move surprising. The Le Locle-based watchmaker celebrated its 150th anniversary last year, and the commemorative releases showed the great diversity of styles within Zenith’s collection. I suppose I expected the first new […] Visit Zenith Introduces Six New Defy Models During LVMH Watch Week to read the full article.

SJX Podcast: Best of LVMH Watch Week SJX Watches
Richard Mille than Jan 20, 2026

SJX Podcast: Best of LVMH Watch Week

Episode 26 of the SJX Podcast breaks down the best releases from LVMH Watch Week, which saw the return of the hand-painted Escale Worldtime. The slate of releases also includes a surprising new men’s watch from Tiffany & Co. powered by the Zenith El Primero, and the first all-new model from the modern era of Daniel Roth. Things are looking up for TAG Heuer as well, which launched a regular production version of the Seafarer with vintage-leaning ‘Intrepid Teal’ accents, and a new top-of-the-line Carrera Split-Seconds Chronograph that has more in common with the likes of Richard Mille than the rest of the Carrera line-up. Listen on Apple Podcasts, Spotify, and Youtube.  

Zenith Introduces the Defy Revival A3643 for LVMH Watch Week Worn & Wound
TAG Heuer Hublot Jan 19, 2026

Zenith Introduces the Defy Revival A3643 for LVMH Watch Week

Once again, LVMH Watch Week is upon us. For those of us who work in watch media, this week has become something of what you might technically refer to as a “big deal.” It’s the beginning, in earnest, of the new release season, which peaks with Watches & Wonders week, and is now just months away (yikes). Over the past several years, LVMH has carved out this period in late January to debut new novelties ahead of Watches & Wonders (which all of the brands making announcements this week participate in) and get a jump on the competition. Usually the LVMH Watch Week releases are a little more consumer oriented and less ambitious than those that debut at Watches & Wonders a few months down the road, but honestly that just makes this week all the more interesting to us here at Worn & Wound. We’ll have a bunch of news on the latest from TAG Heuer, Hublot, and Bulgari later in the week (as well as hands-on coverage of the new novelties) but we start with Zenith, which has designated LVMH Watch Week 2026 as a Defy centric experience.  There are several new Defy references dropping this week in the Skyline category that range from modest sizing updates to some pretty bonkers watchmaking, but we’ll start with this year’s Revival piece, the A3643. Zenith, in recent years, has done an outstanding job when it comes to raiding their own archives for inspiration, and always offer tasteful reinterpretations of classic references that are pretty much one to one recreations, at le...

TAG Heuer Debuts a Pair of Purple Carrera Chronographs, Including a Glassbox Tourbillon, for LVMH Watch Week Worn & Wound
TAG Heuer Debuts Jan 21, 2025

TAG Heuer Debuts a Pair of Purple Carrera Chronographs, Including a Glassbox Tourbillon, for LVMH Watch Week

LVMH Watch Week has quickly become a yearly staple on the release calendar for watch enthusiasts since its inaugural year in 2020. A mix of novelties and staple collections have graced the headlines acting as a special kickoff to the new year and this year is no different. What immediately caught my eye though was a pair of Carrera Chronographs sporting a new-to-the-model dial color. Enter the TAG Heuer Carrera Chronograph and Tourbillon in purple. Equipped with a smoky black-to-purple gradient backdrop, the Glassbox design family continues to grow. Following the release of the TAG Heuer Monaco Purple Dial in 2022, I had assumed that we would see this color trend carried throughout the rest of the catalog. With that model being discontinued and somewhat hard to come by, it is not surprising that the tourbillon model was also slapped with the LE designation. What is a surprise though is that the standard Carrera Chronograph is not limited and is entering standard production. This will hopefully give those lusting to add an excellent pop of purple into their collection the opportunity as these begin to trickle out to authorized retailers, though I do suspect that they will still be a bit hard to come by immediately. By far the standout feature of the watch is its appearance. Appearing almost black in medium to low light conditions, the purple breaks through in direct light playing with its sunray-brushed surface. The effect lends dimensionality and versatility to the design ...

LVMH Watch Week 2024 Exclusive: Gerald Genta & Daniel Roth Revival By La Fabrique Du Temps LV Revolution
Louis Vuitton these iconic brands are Feb 21, 2024

LVMH Watch Week 2024 Exclusive: Gerald Genta & Daniel Roth Revival By La Fabrique Du Temps LV

In a landmark move reflective of its commitment to heritage and innovation, LVMH announced in 2023 the revival of two revered independent watch brands: Daniel Roth and Gerald Genta. Under the expert guidance of La Fabrique Du Temps Louis Vuitton, these iconic brands are set to reclaim their positions at the forefront of haute horlogerie. […]

Bvlgari Launches Two Octo Finissimo Models At LVMH Watch Week - One In Yellow Gold, The Other In 904L Steel Fratello
Bvlgari Launches Two Octo Finissimo Jan 30, 2024

Bvlgari Launches Two Octo Finissimo Models At LVMH Watch Week - One In Yellow Gold, The Other In 904L Steel

The Bvlgari Octo Finissimo isn’t a watch that really needs a lot of color to stand out. Its extremely flat and geometric design already makes it one of the most original watches to wear. However, for this year’s LVMH Watch Week, Bvlgari is launching two colorful versions of its 10-year-old icon. The first is a […] Visit Bvlgari Launches Two Octo Finissimo Models At LVMH Watch Week - One In Yellow Gold, The Other In 904L Steel to read the full article.