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Richemont resigned to hosting online launches of 2020 collections

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Cartier will have its own platform and others are using a portal created by Watches & Wonders Geneva.

Stock prices of luxury watch groups rise as Coronavirus spread slows

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Share prices for the major luxury conglomerates have risen sharply this week as hopes rise that the spread of Covid-19 Coronavirus is being contained.

Luxury watch groups swept up in global stock market sell-off as...

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LVMH's share priced dropped by 5% on Monday as a surge in Coronavirus cases was reported in Italy. Swatch Group and Richemont were down by similar percentages.

CORDER’S COLUMN: 2020’s calendar for launches from the major watchmaking groups...

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Swatch Group gets thrifty, LVMH splurges, Rolex and Patek stick with Baselworld, Richemont returns to Watches & Wonders, while Breitling and Audemars Piguet go their own way.

Richemont sales rise 4% in the final quarter of 2020 despite...

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Specialist watchmakers, which includes timepieces from IWC, Cartier, Jaeger-LeCoultre, Piaget and Panerai, notched a 2% increase in sales to €818 million for the quarter.

Hong Kong protests knock the shine off strong sales growth at...

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The group increased sales by double digit percentages in the United States, the UK, China, Korea and Japan, which outperformed other mature markets.

CORDER’S COLUMN: Rolex retailers have never had it so good

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The big five watch companies: Rolex, Patek Philippe, Richemont, Swatch Group and LVMH W&J are likely to have topped £1 billion in sales last year — and that is just the wholesale figure.

Hong Kong protests expected to knock up to 4% off earnings...

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Sales in Hong Kong and Macau are being displaced to other markets including Europe and the United States, suggests private equity firm RBC.

Hong Kong protests contribute to 2% drop in watch sales at...

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Federation of the Swiss Watch Industry says exports to Hong Kong slumped by 28% in June, alone.

UK growth slows at Cartier and its parent company Richemont

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Richemont says it faces uncertainties over competition from both national and independent retailers.
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