Luxury conglomerate Richemont have reportedly reached an agreement with Chinese jewelry company Chow Tai Fook to distribute Baume & Mercier watches throughout China. China Retail News reports that Richemont, which owns haute horlogerie brands like Jaeger-LeCoultre, Cartier, Roger Dubuis, Montblanc and Vacheron Constantin, will expand their market share of luxury watch sales. China Retail News cites a […]

In the wake of this week’s news that China is banning ads for luxury gifts, including watches, TAG Heuer are reportedly hedging their bets by looking to a different growing market: India. Jean-Christophe Babin, the president and CEO of the Swiss watchmaker, says TAG Heuer’s investment in the Indian market will help the company forestall the […]

Haute horlogerie brand Maximilian Büsser and Friends (known simply as MB&F) have opened their first boutique in China in the country’s capital city, Beijing. Luxuo have reported the company has opened the boutique in partnership with Europe Watch and Ray Union in the country’s centre of political power. The shop is located in the very […]

This year, French luxury house Hermès have opened a new boutique dedicated to haute horlogerie in China’s capital city Beijing. The exclusive timepiece shop, which opened this summer, is in the Fu Xin Meng Parkson Shopping Centre, which is located quite close to the financial heart of the city. This latest boutique, one of 17 […]

Swiss luxury conglomerate Richemont exhibited strong growth in 2012, despite significant investments and the heavy tariffs imposed on its goods by Chinese regulators. As the owner of several luxury brands including Cartier, Richemont is second only to LVMH in the scale of its luxury operations. For the first half of 2012, Richemont’s profits increased between […]

England’s Manchester United football club and luxury watchmaker Hublot teamed up in China to beat childhood hunger last night, doing what was a first for the virile world of Premier League football: strutting their stuff on the catwalk. Sir Alex Ferguson led his team team of aspiring models to Shanghai to show off a collection […]

Swatch’s ambitious goal of earning $8.1 billion in 2012 is on track, according to CEO Nick Hayek. Last year’s sales broke records at $7.5 billion for the Swiss watchmaker. This year’s economic slowdown in China has been a cause of considerable anxiety for producers of high-end watches and other luxury goods, but Hayek says Swatch […]

 Watch brand Swiss Mountaineer dons Switzerland’s national flag on the dial of each timepiece. It claims it’s Swiss-made, but with its components made at a factory in Shenzhen, China and the company itself being owned by Hong Kong’s Golden Hawk, is it? Under Swiss rules, Golden Hawk can label its watches as Swiss-made so long […]

With China’s booming economy, it’s no wonder it’s the world’s largest market for luxury goods, and that includes luxury timepieces, according to the China top Wristwatch Report. The luxury watch market is seeing a “blow-out like demand” from wealthy shoppers in China. Customers buy up the expensive watches, not to tell time (which is what […]

Analysts and watchmakers say the Swiss watch industry is unlikely to continue benefiting from the extraordinary growth they have been accustomed to over the last couple of years. Export of Swiss watches jumped a record 19.2% in 2011, following a 22% increase in 2010 after recovering from a post credit-crunch downfall. Flourishing Asian, particularly Chinese, […]

China has overtaken the US and has grow to be the market with the highest demand for luxury watches, according to a new report by Digital Luxury Group, the leading digital market researcher in the industry. The information is based on millions of intentions expressed by independent and anonymous consumers searching for luxury watch brands […]

Having the strongest month of turnover in December, The Swatch Group exceeded CHF 7 billion for the first time in the company’s history with group sales of watches and jewelry up 21.7%. The most significant growth came about in China The group’s watch and jewellery division recorded sales of CHF6.31 billion. In addition to its individual […]