In a strategic move that could reshape the landscape of luxury watch retailing, Gatemore Capital Management has acquired a significant stake in Watches of Switzerland Group Plc. This investment is accompanied by a strong recommendation for the company to initiate an aggressive share buyback program valued between £25 million ($32 million) and £50 million and […]
Swiss Watch Exports Plunge as Chinese Demand Dries Up
In a significant blow to the luxury watch market, Swiss watch exports saw a staggering decline of 12.4% in September 2024, marking a troubling trend for an industry once considered resilient against economic fluctuations. The primary catalyst for this downturn is a notable 50% drop in shipments to China, a country that has been a […]