Kering Sales Barely Beat Estimates as Gucci Growth Slows

Business News

Less than a week after rival luxury conglomerate LVMH posted a strong first quarter of 2019, sending the stock to record highs, Kering barely matched expectations. Kering shares fell 6 percent on Thursday after signs of slowing growth from the Q1 earnings. And while watches and jewelry aren’t a large part of Kering’s business, the group’s earnings may point towards the general trend of slowed growth in luxury goods.

Read More

Swiss Watch Exports Finish a Strong First Quarter

Business News

Swiss watch exports had their strongest month of 2019 in March, growing at 4.4% with a value of 1.7 billion Swiss francs (CHF) for the month. Total exports for the first quarter of 2019 totaled CHF 5.1 billion, a 2.9% increase over the first quarter of 2018. The total value of exports was significantly boosted by a steep rise in precious metal and bimetal watch exports.

Read More

Swiss Court Sides with Swatch Over 'Tick Different' Watch (Imagine That)

Business News

In a decision in Swiss court that can’t be surprising, Swatch prevailed over Apple in a long-running dispute over Swatch’s “Tick Different” watches. The watches are no doubt a direct reference to Apple’s Think Different ad campaigns from the 1990s and 2000s. The Swiss Federal Administrative Court said Apple’s slogan was not well enough known in Switzerland to warrant protection.

Read More

Swatch Is Suing Samsung Over Its Smartwatch Faces

News

In late February, Swatch Group filed a complaint against Samsung Electronics, saying the company infringed on Swatch’s trademarks for various watch designs. A number of Swatch Group subsidiaries, including Blancpain, Breguet, Jaquet Droz, Omega, Tissot, and others are named as plaintiffs in the suit — Samsung didn’t seemed to be just as happy copying from the low as from the high end of the market.

Read More

NYT: Watches are the New Bitcoin

Recommended

If the New York Times writes a longer-form piece on a trend, is it a bubble? If so, vintage watch lovers might want to watch out.

In a new article, the Times calls out vintage watches as “yet another easy way for the rich to make their money into more money”.

Read More

Swiss Watch Exports Continue to Grow in February

News

After a stable January, Swiss watch exports grew 3.4% in February 2019. This is even despite a high comparison base, as exports grew more than 10% in February 2018. it’s a good sign that there may be additional room to run for the Swiss watch industry. Total exports totaled CHF 1.8 billion in February 2019, slightly higher than January’s CHF 1.6 billion total.

Read More