
The booming pre-owned premium watch market, powered by websites like the RealReal, has lured its first official big brand, with Swiss watchmaker Audemars Piguet announcing it would launch a 2nd-hand business this year.
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The booming pre-owned premium watch market, powered by websites like the RealReal, has lured its first official big brand, with Swiss watchmaker Audemars Piguet announcing it would launch a 2nd-hand business this year.
The Swiss watch brand is showing off its latest innovation, the "RM 07-01 Gem-Set Black Ceramic" at the Salon International de la Haute Horlogerie (SIHH) luxury watch show, which opened Monday, January 15 in Geneva.
The Swiss watchmaker has named British actor Benedict Cumberbatch -- known for roles including Sherlock Holmes and Dr. Strange -- as its new global brand ambassador.
Inventory levels at multi-brand watch retailers are still too high, two top industry executives said on Tuesday, suggesting a robust recovery in luxury watch sales may be some way off.
Watch inventory levels at Cartier are healthy and the brand no longer needs to carry out buybacks in order to balance out stock levels globally, Cyrille Vigneron, the head of the Richemont-owned label said on Monday.
Luxury goods group Richemont is committed to keeping its Lancel and Dunhill fashion brands, both of which have undergone intense restructuring, a source close to the company said on Monday.
More and more brands are deserting the Baselworld watch fair held every March, blaming high costs and insufficient returns, while high-end players seek refuge at the rival fair in Geneva.
Luxury Swiss watchmakers, gathering this week at the industry's premier annual show in Geneva, hope 2017 will finally mark the end of two crisis-hit years of falling sales.
Just in time for this year's SIHH luxury watch fair in Geneva, January 16-20, 2017, the Swiss watchmaker revealed a selection of new additions for its "Rendez-Vous" collection.
Swiss watchmakers expect to at least stabilize sales this year after two years of decline as the important Chinese and U.S. markets show signs of turning the corner, executives said at an industry event on Tuesday.