【Switzerland】Swiss Richemont Group Releases Annual Financial Report: Total Sales Grow 4%, Q4 Year-on-Year Growth Reaches 8%, Exceeding Expectations

Editor’s NoteRichemont’s latest results highlight the resilience of the luxury sector, with its core jewelry houses driving solid annual growth. The…

【South Korea】Luxury Industry Staggers Under ‘Trump Tariffs’… Will They Catalyze Price Hikes?

Editor’s NoteThis article examines the mounting pressures on the global luxury sector, which faces a potential double blow from existing economic…

【Switzerland】Swiss Watch Industry in 2024: Consolidation and Challenges

Editor’s NoteThis analysis examines the Swiss watch industry’s pivotal 2024 performance, which saw a 2.8% export decline to CHF 25.9 billion,…

【Switzerland】Swiss Richemont Group’s Global Revenue Flat in First Half, China Market Down 27%

Editor’s NoteRichemont’s latest results highlight the resilience of its core jewelry business amid challenging market conditions. While sales held…

【Basel, Switz】Trade Fair Calculates Its Value for Basel: New Study by MCH Group Raises Questions

Editor’s NoteThis article highlights a new economic study quantifying the MCH Group’s significant contribution to the regional economy, underscoring…

【Switzerland】Hermès Could Soon Become Owner of High Watchmaking Workshops in Switzerland

Editor’s NoteThis report on Hermès’s potential acquisition of a key Swiss watchmaking hub underscores the luxury group’s strategic push to vertically…

【Muota Valley】Gems from Switzerland: The First Swiss Lab-Grown Diamonds Come from the Muota Valley

Editor’s NoteAs lab-grown diamonds reshape the gemstone industry, a new Swiss brand is carving out a niche by combining cutting-edge technology with…

【Switzerland】Swiss Luxury Leather Goods Brand Bally Acquired by U.S. Private Equity Firm

Editor’s NoteThis article reports on the acquisition of Swiss luxury brand Bally by U.S. private equity firm Regent. The deal, announced on August…

【Geneva, Swit】Chanel, Hermès, and LVMH Join the Watches and Wonders Geneva Foundation

Editor’s NoteThe Watches and Wonders Geneva Foundation has expanded its membership to include three major luxury houses—Chanel, Hermès, and LVMH….