Watches news and archive

Fossil Group posts Q3 sales decline despite ongoing turnaround efforts

Fossil Group, Inc. reported fiscal third-quarter 2025 results that reflect continued progress in its multi-year turnaround, alongside a major balance sheet milestone that executives say positions the company for long-term profitable growth. CEO Franco Fogliato highlighted the completion of a comprehensive refinancing this week, calling it a “...

Member

Business

LVMH strengthens Swiss watchmaking ties with La Joux-Perret investment

The LVMH Watches Division, which encompasses Hublot, Tag Heuer, and Zenith, has announced the acquisition of a minority stake in La Joux-Perret, a recognized Swiss manufacturer specializing in the design and production of sophisticated watch movements. This strategic move is paired with a commercial partnership intended to secure new production...

Fashion

Rare Patek Philippe watch sells for 17.6 million dollars

A Patek Philippe timepiece that in 2016 became the most expensive wristwatch ever sold at auction fetched an even higher price this weekend, auctioneers Phillips said Sunday. The watch sold for 14,190,000 Swiss francs (17.6 million dollars), surpassing the 11 million francs it fetched nine years ago, or 11 million dollars at the time. The Patek...

Fashion

Swiss watch industry should find time for India, says Deloitte

India and Mexico could become new drivers of growth for the Swiss watch industry, which has been clobbered by US tariffs and slumping demand in China, top audit firm Deloitte said Wednesday. The emblematic Swiss industry "is navigating one of the most complex periods in recent memory", the professional services giant said in the 11th Deloitte...

Member

Business

Swatch responds to US tariffs with special "39%" watch

Zurich - Watch brand Swatch has responded to US tariffs with a special edition watch. The design plays on the 39 percent levy imposed on Switzerland. The brand has pledged to stop selling the watch "as soon as the US changes its tariffs". The Swiss brand, known for its multicoloured plastic watches, has launched a model where the numbers three...

Fairs

Independence, informality and a touch of tradition: Relaxed gathering of the watch industry

An important summer meeting for watchmakers took place in a nautically designed pavilion in Switzerland. With a brand-new format and a varied programme, Geneva Watch Days is a relatively new entry in the industry calendar. It aims to remain fresh and forward-looking. Founded as a one-off antidote to the economic downturn during the Covid-19...

Retail

Watchfinder opens first US retail store in New York City

Richemont-owned pre-owned luxury watch specialist Watchfinder & Co., founded in the UK in 2002, has opened its first US retail store in SoHo’s Spring Street in New York City. The debut US store is Watchfinder & Co.’s largest retail venture to date and aims to solidify its growing presence in the North American watch market, where it has seen...

Fairs

Independence, informality...and a touch of tradition: Watchmaking's easygoing get-together

A major summer rendezvous for watchmakers got underway in timely Swiss fashion in a nautically themed pavilion. Boasting a brand new format and varied programme, Geneva Watch Days is a recent addition to the industry calendar determined to stay fresh and forward-looking. Founded as a one-off antidote to the economic blues of the Covid-19...

Member

Business

Movado Group sees Q2 net sales rise, driven by licensed brands

Movado Group, Inc., a US-based watch and jewellery company, has reported a 3.1 percent increase in net sales to 161.8 million dollars for its second quarter of fiscal year 2026, up from 157.0 million dollars in the prior-year period. This growth was led by the performance of its licensed brands and company-owned stores, a result which chairman...

Fashion

Fossil collaborates with Nick Jonas on a watch collection

Watch and accessories brand Fossil has unveiled a collaboration with singer, songwriter, and actor Nick Jonas, its global brand ambassador. The ‘Nick Jonas x Fossil’ collection features limited-edition timepieces inspired by Jonas’ passion for watch collection, combining his personal style with Fossil’s heritage design for a celebration in “...

People

Watchfinder & Co. names first-ever stylist in residence

Pre-owned luxury watch specialist Watchfinder & Co. has appointed red carpet stylist, Ilaria Urbinati, as its very first stylist in residence. Urbinati, whose celebrity clients include actors Dwayne Johnson, Ryan Reynolds, and Rami Malek, will work with Watchfinder & Co. to curate her own edits of its pre-owned watches, drawing on her red carpet...

Member

Business

Fossil Group's Q2 net loss narrows, raises outlook

Fossil Group, Inc. has announced its financial results for the fiscal second quarter ended July 5, 2025, revealing a third consecutive quarter of positive adjusted operating income. The company also unveiled a comprehensive refinancing plan aimed at strengthening its balance sheet and enhancing liquidity. For the second quarter, net sales...