Swatch reportedy secures lucrative watch movements contract with Richemont

Swatch’s obligation to supply movements to rival watchmakers is due to end in 2019.Swatch Group supplies most of the Swiss watch industry with movements from its ETA manufacturing facility, including Richemont which makes watches under brands including Cartier, IWC and Piaget.คำพูดจาก เว็บสล็อตใหม่ล่าสุด

The downturn in tourism to Europe and fewer sales in Hong Kong and China has been punishing to the watch industry this past year, and Swatch is no exception. However, the Swatch Group still remains the largest watch company in the world, owning 18 brands spanning all price points, from Breguet to the accessible iconic Swatch label.But it is its mechanical movement company, ETA, which makes Swatch a real powerhouse. According to U.S. watch magazine Watch Time, the Swatch Group-owned subsidiary is by far the top supplier of watch movements to the entire Swiss watch industry. Recent rulings by the Swiss Competition Commission have put pressure on Swatch to loosen its grip on the watch movement business, including ending its current supplier agreements with Richemont’s rivals. However, a deal with leading luxury Swiss watch group Richemont will likely help keep business ticking at a brisk pace.Additional reporting by Susan Spies
คำพูดจาก สล็อต777

Related Posts

Almere and Breda win Best City Centre Awards

In recent months, Almere has added a number of international brands to its store portfolio, including Hudson’s Bay, Pull & Bear, MAC cosmetics, Snipes and Saks Off Fifth….

Millennials lead growing demand for personalization but worries about data sharing on the rise

Entitled “Decoding the Personalization Paradox,” the report highlights that thanks to advances in data analytics, many retailers are now in a position where they are attempting to offer…

‘Swiss-made’ label lacks precision for watch industry

Stricter rules came into force this year for watches bearing the coveted label on their dial and for which consumers are prepared to pay a premium.The key requirement…

Scamp & Dude gets B Corp certification

The label describes itself as a “purpose-driven UK fashion brand, celebrated for its superpower-infused clothing and ‘force for good’ collections,” so being a B Corp Certified company is…

UK footfall drops sharply says Ipsos Retail Performance

Shopper numbers were actually down as much as 10.6% year-on-year and this has led the tracking specialist to revise its forecast for the whole of December down by…