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BREAKING NEWS: London investment group buys Breitling

BREAKING NEWS: London investment group buys Breitling

CVC Capital Partners, a London-based private equity group, has bought Breitling. The terms of the deal have not been disclosed, but Bloomberg quotes unnamed insiders putting the value of the sale at around 800 million euros. CVC, which is the largest private equity investment firm in Europe, will take an 80% stake in Breitling.  

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Phillips hosts exhibition that pays homage to the Rolex Daytona

Prestigious auction house Phillips is partnering with Bacs & Russo to host a first-of-its-kind horological exhibition in Geneva that pays tribute to one of the most revered collectors’ watches of the late 20th and early 21st centuries: The automatic Rolex Cosmograph Daytona. Noted collector and scholar Pucci Papaleo — known in some circles as “Mr

Citizen Group flagship Boutique-2

Citizen Watch Group presents all six of its brands in a single flagship store

The UK subsidiary of Citizen Watch Group has not indicated it plans to open a flagship store in this country, but its parent organisation has shown a willingness to present all six group brands under one roof in a luxurious boutique in Japan. Citizen Watch Group has been on the acquisition trail in recent years,

Blancpain Villeret Date Moon Phases

Blancpain continues love affair with the moon-phase complication

Blancpain’s 2017 Date Moon Phases women’s timepiece in the Villeret collection is presented with an opaline dial in a red gold watch featuring solid leaf-shaped hands, a pointer-type date display and a sapphire moon-phase indication. The Swatch Group luxury brand claims that moon-phase complication were almost extinct in the early 1980s when Blancpain revived a

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Luxury watch brands shift up to 50% of marketing spend to digital platforms

The latest WorldWatchReport from market intelligence firm Digital Luxury Group points to the world’s leading luxury watch brands reaching a tipping point in their attitude to presenting their brands online. The tenth annual report finds that changing luxury consumer behaviour is forcing previously conservative watch brands to embrace the digital world. Many are spending more

Raymond Weil's Freelancer.

Raymond Weil designs its first in house movement for its 2017 Freelancer watches

Raymond Weil has introduced its first in-house movement. The self-winding Calibre RW1212 was created in collaboration with Swiss movement maker Sellita. Raymond Weil took responsibility for the research, design and development of the movement, which was then manufactured by Sellita. The movement is being introduced this year in the Raymond Weil Freelancer, a two-hand model

World Distribution of Swiss Watch Exports (Jan-Mar 2017)

Swiss watch exports rise for first time in almost two years

The five biggest markets for Swiss watch exports all reported strong gains in March, contributing to an overall rise in trade of 7.5% compared to the same month in 2016. The Federation of the Swiss Watch Industry’s latest statistics confirm that Hong Kong, which had been showing signs of recovery for some time, ended 25 months

Girard-Perregaux's Laureato Tourbillon is the top model in a vastly expanded family.

Girard-Perregaux positions Laureato at the heart of a broader commercial push

Girard-Perregaux has positioned the Laureato model at the heart of its plans for 2017 and beyond. The watch was re-introduced as a limited edition last year as part of GP’s 225th anniversary celebration. This year, the family was the biggest launch for the brand at SIHH, signalling the return of Laureato to the core collection

The final edition of the Legacy Machine series.

MB&F kills off Legacy Machine series at the peak of their popularity

It is six years since MB&F launched the Legacy Machine N°1 (LM1) series in 2011, establishing a collection high end and complex wristwatches alongside the company’s Horological Machines. Now the company is bringing the series to the end with its swansong model released this year named the Legacy Machine N°1 Final Edition. In a counter-intuitive move, MB&F is killing

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Armand Nicolet adds a chronograph to expanded line of classic watches

While most mainstream luxury watchmakers crammed their 2017 creations into smaller cases than in recent years, Armand Nicolet has gone the other way and increased the size of its J09 Chronographs. The addition of a chronograph to its classic line of luxury watches is also new. The company describes the move as a link between

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