Tags: swatch group

One on One: Marc A. Hayek about the Past, Present and Future of Breguet

One on One: Marc A. Hayek about the Past, Present and Future of Breguet

In the world of watchmaking, Breguet has its own realm. Few can match the impact the founding father of the brand, Abraham-Louis Breguet, had on the history of timekeeping. We spoke with Marc A. Hayek, Breguet’s president & CEO, about the brand’s unique position in the marketplace, and how it achieves to have the past, present and future are united in their watches. READ MORE

Watchmakers Struggle With Supply Bottleneck As Swatch Parts Cut-Off Comes Into Effect

Watchmakers Struggle With Supply Bottleneck As Swatch Parts Cut-Off Comes Into Effect

Luxury watchmakers are fighting for market shares of the lucrative Swiss watch industry, which the Federation of the Swiss Watch Industry FH pegs at a worth of US$23 billion. With growing demand in Asian, European and American markets, luxury watchmakers are scrambling to secure production means in order to maintain growth, but Reuters reports that there is a serious supply bottleneck. The supply-and-demand problem began this time last year, when the Swatch Group announced it would cut off access to purchases of its mechanical movements and watch components. The luxury conglomerate, which is the world’s largest holder of watch manufactures, produces the inner READ MORE

TAG Heuer Looks To India As Swiss Watchmakers Cope With China Ban Fallout

TAG Heuer Looks To India As Swiss Watchmakers Cope With China Ban Fallout

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 kind of drop in share prices currently affecting the Swatch Group and Richemont as a result of the ban. The Economic Times spoke with Babin at TAG Heuer’s office in India, where the company saw sales grow by 7.8% in 2012. “It (the ban in China) might READ MORE

Luxury Watch Trends 2016 - Baselworld SIHH Watch News

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