The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
ZURICH, Switzerland — Swiss watch exports had their strongest first half in six years, as demand for high-end timepieces rose in Asia and the U.S.
Shipments rose 11 percent to 10.5 billion francs ($10.5 billion), the Federation of the Swiss Watch Industry said in a statement Thursday. That’s also the first time they breached the 10 billion-franc mark since 2015.
The trade group forecast a smaller increase for the full year because the industry faces a more difficult comparison base in the second half. Swatch Group AG Chief Executive Officer Nick Hayek said Wednesday that double-digit sales growth is possible this year for the largest Swiss watchmaker.
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By Corinne Gretler; editors: Eric Pfanner, Thomas Mulier and John J. Edwards III.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
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