The investment bank’s study showed that, in a sample of leading fashion groups, Italy led for number of companies, while France was top for revenue with €68.4 billion, compared to Italy’s €30.3 billion.
Bertrand Delvert, vice president of marketing and communication at Tissot International, succeeds Florence Ollivier-Lamarque as director of the Swatch Group’s French subsidiary, effective from January 1.
Swatch Group will host an event for watch retailers from March 19 to 26 next year, just ahead of the Baselworld watch fair it recently dropped out of, according to an invitation seen by Reuters on Tuesday.
Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
Swiss watchmaker Patek Philippe is seeing good demand across the world, its president told Reuters on Thursday, playing down industry concerns about a potential slowdown in top luxury goods buyer China.
Swiss watch brand Tissot, the official watch and timekeeper of the National Basketball Association, has announced a new partnership NBA teams the Chicago Bulls and Washington Wizards for the 2018-19 season.
Luxury goods group LVMH’s watch brands will be present at the next edition of the Baselworld watch fair in March, the outgoing head of its watch division told CNN Money Switzerland, adding the show needs to make changes.
Watch brands Audemars Piguet and Richard Mille will withdraw from the Geneva watch fair from 2020 to focus on selling directly to consumers rather than via third-party retailers they would meet at the show.