Fossil Group shares surge by 87% as connected watch sales start to rise

Fossil Group shares surge by 87% as connected watch sales start to rise

Fossil Group shares surged by almost 90% yesterday after its fourth quarter financial results sparked optimism that its investment in connected watches and ecommerce is bearing fruit. Fossil Group’s worldwide sales fell by 8.3% in 2017 to end the year on $2.8 billion. The company reported a net loss of $478 million compared to a


Metro neomatik silvercut earns Nomos Glashütte a 7th iF Design Award

Nomos Glashütte has earned its 7th iF Design Award; this year for its Metro neomatik 39 silvercut. The jury selected the bestselling Nomos timepiece, which is equipped with a proprietary automatic DUW 3001, from among 6,400 products from 54 countries. Metro was designed by Mark Braun for Nomos, who expains the aesthetic and architecture: “The

Breitling backs away from “unsuitable” use of women in its advertising

Anybody that has attended a Breitling party at Baselworld over the past few years will know they are spectacular events where watch executives around the world are entertained and waited on by bevies of beautiful women and men. Breitling is far from alone in using glamorous models and promotional staff to keep its trade customers

Omega creates museum of Olympic Games timekeeping since 1932

The Winter Olympics are well underway, and Omega is using the event to showcase its historic partnership with the movement in an exhibition of sports timekeeping in Seoul. The Omega Olympic Games Exhibition displays 86 years of the brand’s timekeeping history, which extends through 28 Olympic Games since 1932. The showcase takes guests through a

Floyd Mayweather lends his punching power to limited edition Hublots

Undefeated world boxing champion and passionate watch collector Floyd ‘Money’ Mayweather has put his name to a pair of limited edition Hublot timepieces. The undefeated boxer joined Hublot executives on Saturday in Las Vegas to unveil the Big Bang Unico TMT, an abbreviation of “The Money Team” and symbol of Floyd Mayweather’s lifestyle brand. Hublot

Grand Seiko celebrates 25th anniversary of pioneering quartz movement

Grand Seiko is celebrating the 25th anniversary of its 9F Quartz Caliber with the creation of two recreation timepieces. In 1993, Seiko launched the first Grand Seiko timepiece fitted with the Caliber 9F, a quartz movement that focused on being incredibly accurate and long-lasting instead of bursting with additional functions. Grand Seiko is marking the silver jubilee

Apple stretches its lead as the world’s biggest watchmaker

Apple is continuing to use its dominance of the technology world to promote its cause to own the watch market as well. The Cupertino company does not provide a breakdown of its sales by product lines, but Canalys, a respected Singapore based analyst firm, says that Apple sold 8 million smartwatches in the fourth quarter of

BREAKING NEWS: Swatch Group sales rise to CHF 8 billion in 2017

Swatch Group sales increased by 5.4% to CHF 7.96 billion in 2017, the company reports today. Operating margin in the Watche & Jewelery Segment (excluding production) increased from 12.8% to 15.3%, resulting in overall operating profit rising by 24.5% to CHF 1 billion and net income increasing by 27.3% to CHF 755 million. The second