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Harry Winston London.
Virus Hits Swatch Group’s Bottom Line
Swatch Group, the owner of Harry Winston and Omega, recorded the first half-year loss in its history as the coronavirus devastated sales from February onward.Sales dived 46% to CHF 2.2 billion ($2.34 billion) in the...
Retail Jul 21, 2020 Rapaport News
Baselworld
Baselworld Canceled Due to Coronavirus
Baselworld has called off this year’s fair after Swiss authorities banned large-scale events because of the coronavirus.Show organizer MCH Group has postponed the event — which had been scheduled to take place April...
Watches Mar 01, 2020 Rapaport News
Gucci Baselworld 2019
Gucci Pulls Out of Baselworld
Gucci has become the latest major brand to skip this year’s Baselworld show, citing the new timing of the event as its reason for staying away, according to the fair’s organizers.The dates of the 2020...
Retail Feb 04, 2020 Joshua Freedman
MCH Group
Baselworld Owner Gets New Chief
MCH Group has appointed Bernd Stadlwieser CEO, as the Baselworld parent company works to reinvigorate interest in its annual fair. “[Stadlwieser] has a great deal of experience in sectors ofindustry that are of importance to us, as well as for...
Polished Markets Feb 17, 2019 Rapaport News
Rolex
Baselworld, SIHH Synchronize 2020 Dates
Baselworld and Salon International de la Haute Horlogerie inGeneva (SIHH) will take place back-to-back from 2020 in an attempt by theirorganizers to reinvigorate interest in the shows. SIHH, which is usually a January event, will instead runfrom April 26 to 29 in Geneva,...
Watches Dec 19, 2018 Rapaport News
Baselworld
More Brands Quit Baselworld 2019
Three watchmakers have reportedly statedtheir intention to leave Baselworld following Swatch Group’s exit from the Swissshow. Zurich-based Maurice Lacroix will not participate in the 2019 event, a Baselworld spokespersonconfirmed to Rapaport News. Corum and...
Watches Oct 21, 2018 Leah Meirovich
Baselworld
Baselworld Looks to Reduce Prices
Baselworldis proposing to lower prices for exhibitors and visitors in an attempt toreinvigorate the annual watch and jewelry show. “Expensescrossed the pain threshold for many people in past years,” Baselworld CEOMichel Loris-Melikoff said in a statement...
Watches Sep 12, 2018 Rapaport News
Pandora
Pandora Takes Top Spot for Responsible Sourcing
Pandora topped an annual rating comparing responsiblesourcing by the 10 largest companies in the fashion industry. For the second year running, the jeweler ranked ahead ofluxury vendors, including Kering, Richemont, LVMH and Swatch Group...
Retail Sep 04, 2018 Rapaport News
Podcast
Podcast: Synthetics, Swatch and the Summer
In the latest Rapaport Diamond Podcast, the team discusses the US Federal Trade Commission’s new guidelinesfor marketing lab-grown diamonds, as well as Swatch Group’s Baselworld snub.Also, Editor in Chief Sonia Esther Soltani explains why RapaportMagazine...
Polished Markets Aug 08, 2018 Rapaport News
Rene Kamm MCH Group 150
CEO of Baselworld Owner MCH Resigns
René Kamm has stepped down as CEO of MCH Group, the parentcompany of Baselworld, less than a week after Swatch Group said it would nolonger be attending the annual watch and jewelry show. Kamm (pictured) reached...
Polished Markets Aug 05, 2018 Rapaport News
Swatch
Swatch Group Calls Time on Baselworld
Swatch Group has quit Baselworld, arguing the watch andjewelry show is no longer relevant and its organizers are not interested inchanging it for the better.The Swiss group, whose 18 brands include Omega, Tissot andHarry...
Watches Jul 30, 2018 Rapaport News
Harry Winston 150
Jewelry Lifts Swatch Sales and Profit
Swatch Group, the owner of luxury jewelry brand HarryWinston, saw an increase in sales across all sectors in the first half amidstrong consumer demand, it said. Group revenue climbed 15% to $4.3 billion (CHF 4.27billion), with...
Retail Jul 23, 2018 Rapaport News
Bull
Diamond Shares Sparkle in Bullish 2016
Jewelry and diamond mining stocks gained in 2016, ridingthe wave of resurgent financial markets in the last two months of the year.The strong performance mirrored the Dow Jones IndustrialAverage, which leapt 13 percent for the...
Financial-Legal Jan 01, 2017 Joshua Freedman
tourbillon
Swatch Group Revenue +9%, Profit -12%
Swatch Group's sales increased 8.5 percent year on year to $5 billion (CHF 4.535 billion) at constant exchange rates in the first half year that ended on June 30. An overvalued Swiss franc strengthened further against currencies...
Watches Jul 23, 2014 Jeff Miller
swatch
Swatch's 2013 Revenue +8% to $10B
The Swatch Group reported that its revenue grew 8.3 percent year on year to $9.768 billion (CHF 8.817 billion) in 2013, despite negative exchange rates against the yen and U.S. dollar. The company...
Watches Jan 12, 2014 Deena Taylor
tiffany store
Tiffany & Co. to Proceed With Branded Watches
Tiffany & Co. intends to proceed with plans to design, produce, market and distribute Tiffany & Co.-branded watches, according to a filing with the Securities & Exchange Commission (SEC). The luxury jeweler originally established...
Watches Oct 11, 2013 Jeff Miller
Harry Winston Store
Harry Winston Expects Luxury Division Sale to Close March 26
Harry Winston Diamond Corporation received the required regulatory approvals for the company's proposed sale of its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to the Swatch Group. The companies...
Financial-Legal Mar 21, 2013 Jeff Miller
swatch
Swatch's Profit +26% in 2012
The Swatch Group reported that that its net income rose 26 percent year on year to $1.78 billion (CHF 1.61 billion) in 2012 and is subsequently optimistic about its long-term growth prospects going into 2013....
Retail Feb 04, 2013 Deena Taylor
Harry Winston
Harry Winston to Sell Luxury Brand to Swatch for $1B
Harry Winston Diamond Corp. has agreed to sell its diamond jewelry and timepiece division to ‎The Swatch Group for $1 billion. Harry Winston will generate $750 million in cash from the sale, while Swatch...
Polished Markets Jan 14, 2013 Dilipp S Nag
Watches
ASSOCHAM Says Indian Watch Market to Grow at 15%
India’s watch market is expected to grow at 15 percent every year to around $2.70 billion (INR 150 billion) by 2020 driven by young consumers, the emergence of a strong middle class and a larger number of high-net-worth individuals, according to the...
Retail Jun 13, 2012 Dilipp S Nag
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