Articles

Rolex shuts down the "Carl F. Bucherer" after 137 years

In a surprising move, Rolex has decided to shut down Carl F. Bucherer, the historic Swiss watch brand, following its acquisition of Bucherer AG in 2023 (I wrote about it on 14th September!).  The n...

Leadership Shakeup at Richemont: New CEOs for Vacheron Constantin and Jaeger-LeCoultre

Yesterday 29th November, swiss luxury giant Richemont has announced significant leadership changes for two of its most iconic watchmaking brands. Jérôme Lambert returns as CEO of Jaeger-LeCoultre, ...

Everything about the new (and mysterious) Patek Philippe Cubitus collection

Maybe you have already heard word of this on the street. There is a new sporty entry level stainless steel piece coming from the most prestigious brand in the world. The hype around a new Patek Phi...

Chanel acquires 25% stake in MB&F, an Independent leader

MB&F, celebrated for its innovative approach to independent watchmaking, has unveiled a significant partnership with the renowned French luxury brand Chanel. Chanel has secured a 25% stake in M...

Management changes at Hublot and TAG Heuer: A brief analysis

The recent executive shifts, which will be made effective from September 1st, 2024, aim to strengthen the future of Hublot and TAG Heuer. These changes were announced by Frédéric Arnault, CEO of LV...

Swatch Group Reports a 14.3% sales decline for Q1 & Q2 2024

Topline results The Swiss conglomerate behind Omega, Longines, and Tissot, reported a sales drop to CHF 3,445 million, marking a 14.3% decrease from this same period last year. This decline essenti...

Rolex may transfer Formula 1 Sponsorship to LVMH

Recent reports suggest Rolex is set to end its 11-year global sponsorship of Formula One, with LVMH taking over as soon as the next season (2024-2025). Initially reported by Coronet magazine, an o...

Louis Ferla takes over CEO role at Cartier from Cyrille Vigneron

Richemont Group has announced another significant leadership change. Just a few weeks after appointing Nicolas Bos as the new CEO of the Richemont Group, replacing Jérôme Lambert, the luxury conglo...

LVMH Chief Arnault acquired stake in industry Rival Richemont

Details on the stake purchase Bernard Arnault, Europe's richest man and chairman of the high-end conglomerate LVMH, has acquired a stake in Richemont, their luxury competitor, (according to Blo...

LVMH acquires Swiss luxury clock Manufacturer L’Epée 1839

The acquisition Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE announced on the of 25th June the acquisition of Swiza SA, the owner of the prestigious Swiss clockmaker L’Epée 1839. Expecte...