Far East sales sparkle at diamond jeweller and luxury watchmaker Graff Retail A surge in Far East sales more than offset a decline in US revenue at diamond jeweller and luxury watchmaker Graff during its latest financial year, it has been revealed. The London-headquartered business has reported a revenue of $842.2m (£637.5m) for 2023, up from the $724.8m (£523.6m) it posted for 2022, newly-filed accounts with Companies [...]
Top hire for British luxury watch brand Christopher Ward Retail Luxury watch brand Christopher Ward has appointed an advertising and marketing veteran as its new chief operating officer. Sarah Baumann will join the Maidenhead-headquartered brand on 23 September, having most recently been managing director of social media and influencer agency, The Wild by Jungle from February 2023 to March this year. Prior to that, she [...]
Bremont slumps further into the red despite Bill Ackman investment in luxury watch brand Retail British luxury watch brand Bremont slumped to a loss of more than £14m in the year American billionaire hedge fund manager Bill Ackman became a minority investor, it has been revealed. The Oxfordshire-based business has reported a pre-tax loss of £14.3m for the year to June 30, 2023, according to newly-filed accounts. The results, which [...]
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.
Profit falls at Watches of Switzerland but Rolex seller maintains guidance June 27, 2024 The rolex seller reported that pretax profit fell 40 per cent in the year to April, falling from £155m to £92m.
‘Old Money’ Tiktok trend drives demand for Rolex’s as buyers willing to pay more for ‘immediate access’ May 18, 2024 The boss behind one of Britain’s best known sellers of Rolex and Tag Heuer watches said there has been a surge in interest for luxury goods from Gen Z shoppers as they look to emulate the dress sense of the upper classes.
Watches of Switzerland bolsters luxury portfolio with £104m Roberto Coin deal May 9, 2024 Luxury watch retailer Watches of Switzerland has bought the Italian jewellery brand Roberto Coin for $130m (£104m).