Swiss Watch Exports Surge in July Amid Impending US Tariffs Swiss watch exports experienced a significant uptick in July as manufacturers ramped up shipments to the United States in anticipation of looming trade tariffs. This surge comes at a crucial time for the industry, which has been grappling with lackluster global demand attributed to factors […]
Luxury’s Current Slowdown Could Last Longer Than Previous Crises, Chanel Watches and Jewellery President Warns
The luxury goods sector is facing significant challenges, as highlighted by Frédéric Grangié, president of Chanel Watches and Jewellery, in a recent interview with Swiss newspaper Le Temps. According to Grangié, the predominant issue plaguing the industry is not just external economic factors or wavering markets like China; rather, it is a deep-seated “luxury fatigue” […]