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Blancpain

China’s slowdown is taking a rising toll on European profits

by David Johnson
China’s slowdown is taking a rising toll on European profits

By Bloomberg Published Jul 24, 2024 From luxury brands to car makers, European companies are taking a hit from China’s slowdown, and more trouble is coming for businesses heavily reliant …

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Swatch shakes up executive committee as luxury slowdown persists

by David Johnson
Swatch shakes up executive committee as luxury slowdown persists

By Bloomberg Published Jun 13, 2024 Swatch Group AG is shaking up its executive management committee just months after the watch and jewelery maker faced investor calls for improved corporate …

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Swiss watch exports struggle as luxury slowdown persists

by David Johnson
Swiss watch exports struggle as luxury slowdown persists

By Bloomberg Published Feb 20, 2024 Swiss watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports …

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Swatch Group sales miss record as strong franc dents results

by David Johnson
Swatch Group sales miss record as strong franc dents results

By Bloomberg Published Jan 23, 2024 Swatch Group AG failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands …

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Asics, Ugg, and Arc’teryx shine in 2023: StockX report

by Lionel Rogers
Asics, Ugg, and Arc’teryx shine in 2023: StockX report

StockX, the leading online marketplace for sneakers, streetwear, electronics, and collectibles, has unveiled its annual report, highlighting key milestones in 2023 for brands such as Asics, Ugg, and Arc’teryx.  Asics, …

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The record rush to buy a Rolex or a Patek Philippe is over

by David Johnson
The record rush to buy a Rolex or a Patek Philippe is over

By Bloomberg Published Dec 9, 2023 The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest …

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Swiss watch billionaire Bucherer dies months after selling business to Rolex

by Lionel Rogers
Swiss watch billionaire Bucherer dies months after selling business to Rolex

By Bloomberg Published Nov 8, 2023 Jörg G. Bucherer, the billionaire third-generation scion of one of the most exclusive watch and jewelry retailers in the world, has died just months …

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