In August, Geneva held its first watch fair since the global pandemic began, hosted by a select number of brands – big and small – eager to show the world that the luxury watchmaking industry was very much open for business.
Given the unique characteristics of the luxury watch industry and specific purchasing patterns of its target audience, are Chinese ecommerce marketplaces the right platform for high-end watchmakers?
Fabienne Lupo, longtime president/CEO of the Fondation de la Haute Horlogerie, the august Swiss body for the world’s leading watchmakers, is leaving after shepherding the organization through many changes.
Climate change has become the main focus of Richemont’s sustainability program, led by an increasing number of Gen Z stakeholders who are core to the group.
As the business hub of the Middle East and one of the world’s wealthiest cities, Dubai has attracted its fair share of affluents and luxury brands.
A relatively new player on the short videos market, WeChat Channels lacks high traffic existing players such as Douyin have built up over the years. So why are luxury brands are still making the budding platform a part of their WeChat strategy?
Clearly, more customers of Richemont are buying watches, jewelry, fashion and leather goods online, even prior to the onset of COVID-19 shutdowns.
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Watch and jewelry brands have seen a tumultuous last few years, but new regulations and evolving consumer behaviors have helped the industry see an upward trajectory.
Vacheron Constantin, Girard-Perregaux and Audemars Piguet were among the most resilient brands when it comes to online search interest during COVID-19, according to the latest report from DLG (Digital Luxury Group).
