Profit slashed in half at Swiss watch brand Swatch September 6, 2024 Profit at Swiss watch brand Swatch was cut by more than half during its latest financial year despite its sales increasing further past the £200m mark. The London-headquartered division has reported a pre-tax profit of £11.1m for 2023, down from the £23.6m it posted for 2022. According to newly-filed accounts with Companies House, Swatch has [...]
Audemars Piguet helps fuel booming UK luxury watch market as sales surge August 6, 2024 The UK arm of luxury Swiss watchmaker Audemars Piguet has hailed its “robust financial health” after its sales jumped during 2023. The division, which is headquartered in London, has posted a revenue of £72m for the 12 months, up from £58.7m. Newly-filed documents with Companies House also show that its pre-tax profit increased from £3.4m [...]
Richard Mille: Luxury watch brand hands out huge pay day as sales success eyed August 5, 2024 Luxury Swiss watch brand Richard Mille has issued a huge dividend and hinted that 2024 will be another year of sales success.
The luxury watch market bubble has burst. What next for Rolex, Patek Philippe and Audemars? April 20, 2024 The pandemic-era boom, which saw luxury watch prices rise by 20 per cent in just the fourth quarter of 2021, is now over.