Swatch Group AG reported an increase in watch orders at this year’s Baselworld, sending the shares up as much as 3.4 percent.
Tudor, a sportier brand that Rolex founder Hans Wilsdorf trademarked in 1926, plans to enter Japan after returning to the UK and the US in the past two years.
Omega President Stephen Urquhart said the US is one of the Swiss watch brand’s most promising markets this year amid a lull in spending by the Chinese, the biggest buyers of luxury timepieces.
Tag Heuer plans to unveil a smartwatch on Thursday among a wave of partnerships expected at the world’s biggest watch fair this week as luxury watchmakers fight back against Apple.
Patek Philippe’s $2.5 million Grandmaster Chime watches sold out just months after they debuted, a sign of the buoyancy at the top of the luxury-goods market as buyers paid as much for a timepiece as they could have spent on a yacht.
A month before Apple Inc.’s smartwatch hits the market, China’s thriving copycat manufacturers are selling lookalikes, some openly advertised as Apple copies.
Apple Inc. jumped to the top of the Chinese market by adapting the iPhone to local tastes. It’s using the same recipe with the Apple Watch.
Apple Inc. may soon sell as many timepieces as all of Switzerland, threatening the country’s four-century- old industry, the co-inventor of the Swatch predicted.
Apple Inc. has made every effort to convince the fashion world that the Apple Watch is the next chic accessory. But has it convinced the fashionistas that the Apple Watch belongs on their wrists? Not so far.
To conquer the marketplace, the watch will have to appeal not only as a gadget but as a fashion statement.
Apple’s rivals want to benefit from its magic, hoping that its long awaited new smartwatch will finally conjure demand for wearable technology that has so far generated more buzz about its potential than actual sales.
The new head of TAG Heuer, luxury group LVMH’s biggest watch brand, has replaced half a dozen top managers as part of a drive to revive sales.