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Switzerland

Luxury

Richemont Rides Out Tariffs, Gold Prices with Sales Beat

The Swiss group reported sales up 14 percent in its latest quarter, smashing expectations amid “unprecedented” headwinds including currency movements, rising gold prices and US tariffs.

Luxury

Richemont Rides Out Tariffs, Gold Prices with Sales Beat

The Swiss group reported sales up 14 percent in its latest quarter, smashing expectations amid “unprecedented” headwinds including currency movements, rising gold prices and US tariffs.

Luxury

Swiss Watchmakers Rise on Optimism Over Possible Cut in Trump Tariffs

Shares in Richemont and Swatch Group rose after US president Donald Trump said he was working with Switzerland on a deal to lower the 39 percent tariff rate on Swiss imports.

Luxury

Swiss Watchmakers Rise on Optimism Over Possible Cut in Trump Tariffs

Shares in Richemont and Swatch Group rose after US president Donald Trump said he was working with Switzerland on a deal to lower the 39 percent tariff rate on Swiss imports.

Luxury

What François-Henry Bennahmias Did Next

The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.

Luxury

What François-Henry Bennahmias Did Next

The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.

Retail

Swatch to Hike Prices in US Due to Tariffs, CEO Says

The Swiss watch company plans to increase prices in the US between 5 percent and 15 percent, depending on the brand, because of the new US tariff.

Retail

Swatch to Hike Prices in US Due to Tariffs, CEO Says

The Swiss watch company plans to increase prices in the US between 5 percent and 15 percent, depending on the brand, because of the new US tariff.

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Retail

Swatch Sells Watch Lampooning Trump’s 39% Tariffs on Switzerland

The Swiss watchmaker has launched the ‘what if…tariffs?’ watch with reversed numbers three and nine, mocking the 39 percent tariffs imposed by the US on Swiss imports.

Retail

Swatch Sells Watch Lampooning Trump’s 39% Tariffs on Switzerland

The Swiss watchmaker has launched the ‘what if…tariffs?’ watch with reversed numbers three and nine, mocking the 39 percent tariffs imposed by the US on Swiss imports.

Luxury

In Geneva, Luxury Watch Leaders Brace for US Tariffs Impact

Chief executives said they planned to raise prices while cutting margins.

Luxury

In Geneva, Luxury Watch Leaders Brace for US Tariffs Impact

Chief executives said they planned to raise prices while cutting margins.

Luxury

Swiss Watch Giant Navigates Trump’s Tariff Uncertainty

Swatch Group CEO Nick Hayek has front-loaded shipments to the US, is targeting American shoppers as they travel abroad and has raised its prices as it grapples with a new 39 percent US tariff on Swiss-made products.

Luxury

Swiss Watch Giant Navigates Trump’s Tariff Uncertainty

Swatch Group CEO Nick Hayek has front-loaded shipments to the US, is targeting American shoppers as they travel abroad and has raised its prices as it grapples with a new 39 percent US tariff on Swiss-made products.

Luxury

Swiss Watchmakers Battle for Their Future

The sector is facing double-digit sales declines and a crisis of relevance. ‘A watch has become a cultural object of sophistication… but culture has to constantly reinvent, otherwise it can disappear,’ said former Cartier boss Cyrille Vigneron.

Luxury

Swiss Watchmakers Battle for Their Future

The sector is facing double-digit sales declines and a crisis of relevance. ‘A watch has become a cultural object of sophistication… but culture has to constantly reinvent, otherwise it can disappear,’ said former Cartier boss Cyrille Vigneron.

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Luxury

The Art Basel Vibe Shift

While sales at this year’s fair were uneven, newer players, platforms and art forms offered cause for optimism in a stagnant sector, writes Marc Spiegler.

Luxury

The Art Basel Vibe Shift

While sales at this year’s fair were uneven, newer players, platforms and art forms offered cause for optimism in a stagnant sector, writes Marc Spiegler.

Luxury

Dealers at Art Basel Sidestep Politics, Reap Rewards

The fair featured mostly safe, apolitical works, which appeared to play to the mood of buyers.

Luxury

Dealers at Art Basel Sidestep Politics, Reap Rewards

The fair featured mostly safe, apolitical works, which appeared to play to the mood of buyers.

Luxury

Swiss Watch Exports At Near Record Levels as Industry Booms

Exports rose 8.3 percent in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said Thursday.

Luxury

Swiss Watch Exports At Near Record Levels as Industry Booms

Exports rose 8.3 percent in July compared to the same month in 2021 to 2.2 billion Swiss francs ($2.3 billion), the Federation of the Swiss Watch Industry said Thursday.

Luxury

Swiss Bans Luxury Watch Exports to Russia, Matching EU Measures

Switzerland’s Federal Council decided Friday to adopt the measures which will come into force in the next few days, the government said in a statement.

Luxury

Swiss Bans Luxury Watch Exports to Russia, Matching EU Measures

Switzerland’s Federal Council decided Friday to adopt the measures which will come into force in the next few days, the government said in a statement.