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Watches of Switzerland

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Currency headache: Swatch Group reports strong sales
Blog

Currency headache: Swatch Group reports strong sales

Swiss conglomerate Swatch Group has reported a significant increase in sales for the past financial year despite grappling with currency fluctuations. Swatch Group - which owns brands such as…

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January 28, 2024
Reality check: Watches of Switzerland lowers forecast
Blog

Reality check: Watches of Switzerland lowers forecast

Retailer Watches of Switzerland has lowered its full-year forecast, citing an adverse market for luxury timepieces. The UK-based retailer expects sales of between £1.53 billion ($AU2.95 billion) and £1.55…

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January 21, 2024
Strong sales: Watches of Switerzland maintains optimistic forecast
Blog

Strong sales: Watches of Switerzland maintains optimistic forecast

Luxury retailer Watches of Switzerland has recorded a revenue increase in the second quarter of the financial year off the back of solid sales performance in the US market. …

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November 20, 2023
Strong sales: Watches of Switerzland maintains optimistic forecast
Blog

Positive sales: Watches of Switerzland maintains optimistic forecast

Luxury retailer Watches of Switzerland has recorded a revenue increase in the second quarter of the financial year off the back of solid sales performance in the US market. …

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November 20, 2023
Rolex and Bucherer: Future of luxury watch industry still uncertain
Blog

Rolex and Bucherer: Future of luxury watch industry still uncertain

Rolex surprised the international luxury watch industry three weeks ago when it announced the acquisition of Swiss retailer Bucherer. Bucherer has a worldwide store count of approximately 100, with…

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September 7, 2023
Watch industry shocked: Rolex acquires Bucherer
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Watch industry shocked: Rolex acquires Bucherer

Luxury juggernaut Rolex has stunned the international watch industry by announcing the acquisition of Swiss retailer Bucherer. Bucherer began in 1888 when entrepreneur Carl-Friedrich Bucherer and his wife Luise…

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August 27, 2023
Supply issues prompt sales decline for Watches of Switzerland
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Supply issues prompt sales decline for Watches of Switzerland

Watches of Switzerland recorded a two per cent decline in sales in the opening quarter off the back of supply issues in the UK. Sales reached £382 million ($AU761.6…

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August 16, 2023
Crisis in Ukraine: New powers for the Responsible Jewellery Council
Blog

Crisis in Ukraine: New powers for the Responsible Jewellery Council

The Responsible Jewellery Council now has the ability to vote on the expulsion of members that bring the organisation into disrepute. The RJC’s inability to remove Russian diamond miner…

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August 6, 2023
Watches of Switzerland sets revenue record
Blog

Watches of Switzerland sets revenue record

Amid positive consumer demand for luxury timepieces, Watches of Switzerland's group revenue increased by 25 percent for the full fiscal year. The UK-based retailer reported sales of £1.54 billion…

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July 19, 2023
Rolex launches second-hand certification program, records shattered in Geneva
Blog

Rolex launches second-hand certification program, records shattered in Geneva

Rolex's rollout of its certified pre-owned program in the US is underway, appearing in 35 Tournea and Bucherer boutiques as of 3 May. In December the Swiss watch manufacturer…

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May 16, 2023
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