Frédérique Constant experienced 38% sales growth for the first six months of 2010, compared with 2009. Sales for the period were also 15% higher than 2008. “We have seen a significant increase in activity across all of our regions in the first half of 2010” says founder and CEO Peter Stas.
Stas continued “Russia and Japan returned to sales growth. Strong growth continues in North America and Asia. Europe keeps its solid position in the sales charts. In view of our intensive programs of promotional activities and new product launches, sales growth should continue to accelerate for rest of the year.”Over the past twelve years, Frédérique Constant has experienced a growth rate of 20-35% per year, increasing its annual production to over 100,000 timepieces in 2010.
“We are proud to have reached our best first semester ever, and it proves that our product proposition – accessible luxury – continues to have great potential. The initial concept behind the brand was to create Swiss Made, high quality and innovative watches at sensible prices. Still today, it is this mission that drives our passion. We would like to take the opportunity to thank our worldwide partners for their continuous support to Frederique Constant”, says Stas.
With continued stable sell-out in most areas in Europe and rapid expansion in North America and Asia, Frederique Constant expects a strong result for the second half of 2010. Through a consistent growth rate over the past twelve years, the Geneva-based brand has taken a solid position within the Swiss watch industry.