Industry

News and information about the watch business

Citizen Watch America Opens Flagship Store in New York City

Citizen Watch America (CWA) officially opened the group’s first-ever U.S.-based multi-brand flagship store on December 6, 2023. Situated within one of Manhattan’s premiere shopping destinations at 605 Fifth Avenue, steps from Rockefeller Center, this new retail concept invites customers to shop the full range of timepiece offerings across the group’s portfolio of brands that includes...

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Dec 6, 2023 by Sabine Zwettler

Sponsored: Swiss Utility, Urban Adventure— The Victorinox Journey 1884 Automatic

Since its inception in 1884, Swiss watchmaker Victorinox has epitomized utilitarian excellence, most notably with the creation of its iconic Swiss Army Knife. Steeped in history and renowned for its commitment to no-nonsense functionality, since entering into horology in 1989 Victorinox has seamlessly transitioned its expertise in tool manufacturing to the world of watches, today...

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Dec 8, 2023 by WatchTime

Countdown to Christmas: Nomos Glashütte’s Popular Advent Calendar is Online

Advent calendars are currently experiencing a surge in popularity, with companies becoming increasingly inventive in the surprises they include within them. The offerings now extend beyond traditional chocolates to encompass toys, wine, and even savory snacks. A special treat for watch lovers is the online advent calendar from Nomos Glashütte, combining the joy of discovering...

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Dec 1, 2023 by Sabine Zwettler

Watch the GPHG 2023 Ceremony Live

Tonight’s the big night: find out in real-time which of the 90 nominated entries will win a trophy at this year’s Grand Prix d’Horlogerie de Genève (GPHG). Even if you can’t make it to Geneva in person, the award ceremony is going to be live streamed here, so make sure you’ll tune in at 6.30...

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Nov 9, 2023 by WatchTime

Sponsored: A Durable Style – Meet the Victorinox I.N.O.X. Chrono

Since its founding in 1884, Victorinox has been a steady champion of utility-driven style. From its now-iconic Swiss Army Knife, the brand has garnered a wide renown for reliable functionality in its products, with its modern collection of timepieces carrying that legacy forward. In the brand’s latest, the new I.N.O.X. Chrono, we see a continuation...

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Dec 1, 2023 by WatchTime

GPHG 2023: The Shortlisted Watches

This summer, the 850 members of the GPHG Academy have nominated 90 entries for the shortlist of the 2023 edition. These 84 watches and 6 clocks are now in the running to win one of the 20 prizes at this year’s edition of the GPHG, including the prestigious “Aiguille d’Or” Grand Prix best-in-show award (follow...

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Sep 3, 2023 by Roger Ruegger

Industry News: Rolex Acquires Bucherer

Rolex today announced today that it acquires Bucherer, one of the largest luxury watch retailers worldwide and a partner of the brand since 1924. According to the press release, the Swiss jewelry house with headquarters in Lucerne will continue to operate independently and maintain its name. However, the final integration into the Rolex group awaits...

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Aug 24, 2023 by Sabine Zwettler

Lot Number 53

The biggest story in the watch industry, for a couple of days now, has been the Omega Speedmaster CK2915 with tropical dial that sold for 3.115 million Swiss francs ($3.4 million) in November 2021, representing the highest price ever paid for a Speedmaster. While a couple of experts had questioned the authenticity of this watch...

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Jun 9, 2023 by Roger Ruegger

Audemars Piguet Appoints Ilaria Resta as New CEO

Audemars Piguet today announced that Ilaria Resta will be joining the company in August 2023 and, after a brief transition period, will take on the role of Chief Executive Officer on January 1st, 2024. Ms. Resta will replace long-time CEO François-Henry Bennahmias, who previously announced his intention to leave the company after almost 30 years...

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May 22, 2023 by Sabine Zwettler

Davide Cerrato Appointed CEO of Bremont

Today, Britain’s largest manufacturer of luxury watches, Bremont, announced the appointment of seasoned veteran Davide Cerrato as their new CEO and Board member. Bremont has been run by Nick and Giles English since the siblings founded the company, which is best known for their pilot’s watches, in 2002. The appointment comes after the £48.4M ($59M)...

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May 2, 2023 by Sabine Zwettler

The WatchTime Q&A: An Interview with Uwe Ahrendt from Nomos

This article was originally published in 2022. Since February 2022, “made in Glashütte” is a legally protected designation of origin that provides a significantly improved framework and is therefore a more effective protection for watches from the “cradle of German watchmaking.” WatchTime met with Uwe Ahrendt, managing director and general partner of the award-winning German...

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Mar 18, 2023 by Roger Ruegger

Breitling: Preparing for an IPO

According to documents obtained by Swiss finance news portal finews.ch, global private markets investment manager Partners Group is planning to acquire a majority stake in Swiss luxury watch brand Breitling. “Having built up a minority stake in Breitling through its private market funds in the fall of 2021, Partners Group plans to acquire a 50.3 percent...

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Dec 7, 2022 by Roger Ruegger

Watches and Wonders Creates Foundation Together with Rolex, Richemont, and Patek Philippe and Opens to the Public in 2023

After the success of the first edition of Watches and Wonders Geneva in 2022, Rolex, Richemont and Patek Philippe have decided to create the Watches and Wonders Geneva Foundation (WWGF), a not-for-profit foundation based in Geneva, established in September 2022. According to the trade show, the mission of the foundation is “to promote watchmaking excellence throughout the world...

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Oct 28, 2022 by Sabine Zwettler

GHPH 2022: A Closer Look at The Nominated Watch Brands

Since 2001, the Grand Prix d’Horlogerie de Genève (GPHG) has been awarding “the most remarkable creations in order to nurture the advancement of the art of horology worldwide.” As a result, the GPHG quickly became the most important and prestigious annual award in the industry, even though brands like Rolex, Patek Philippe (or any member...

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Oct 19, 2022 by Roger Ruegger

Jean-Claude Biver Joins Norqain’s Board of Directors as Advisor

Norqain, the young Swiss brand that was founded in 2018, announced a collaboration with Jean-Claude Biver. One of the most influential and respected experts of the industry, he has has brought success to every luxury watch brand he has been involved with. And it’s been many, from Blancpain and Omega to Hublot and TAG Heuer....

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Jun 8, 2022 by Sabine Zwettler

CEO Sascha Moeri Leaves Carl F. Bucherer

After 12 successful years as the CEO of Carl F. Bucherer and two years as the general manager of Bucherer Fine Jewellery, Sascha Moeri has decided to leave the company on June 30, 2022, to pursue new professional challenges. “We deeply regret Sascha Moeri’s decision. He has decisively shaped the positive development of the Carl F....

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Jun 7, 2022 by Sabine Zwettler

HSNY: Grace Fryer Scholarship for Female Watchmaking Students

The Horological Society of New York (HSNY) launches a new financial aid initiative to further its mission of advancing the art and science of horology — the Grace Fryer Scholarship for Female Watchmaking Students.

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Jan 25, 2022 by Roger Ruegger

Kering sells Ulysse Nardin and Girard-Perregaux

Breaking: UN and GP are being sold to the current management.

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Jan 24, 2022 by Roger Ruegger

Bucherer USA President Ira Melnitsky on Re-Opening Plans, New Logo for Re-Branded Time Machine Stores

Switzerland-based Bucherer, Europe’s leading retailer for watches and jewelry, announced the acquisition of Tourneau LLC, the largest luxury watch seller in the United States, back in January 2018. Since then, the watch industry and those who follow and cover it have anxiously awaited what this merger of timepiece titans will mean for both companies and...

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Jun 28, 2021 by Mark Bernardo

Gucci Turns 100 and Turns Up the Volume On its High Watchmaking

Italian fashion designer and entrepreneur Guccio Gucci founded his eponymous fashion house in 1921, and the first Gucci timepiece was released in 1972. Since then, Gucci has continued to produce watches alongside its array of other popular accessories, most of them notable more for their fashion-forward designs than for their level of horological ambitiousness. On...

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May 20, 2021 by Mark Bernardo

Breitling Launches #BreitlingSelect, a New Mono-brand Watch Subscription Program

On March 9, Swiss watchmaker Breitling unveiled its latest initiative in the new #BreitlingSelect program, a mono-brand watch subscription service. The program, which according to Breitling is the first subscription service to be offered by a singular independent brand, is the company’s latest effort towards expanding its reach to a larger audience, after its previous...

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Mar 15, 2021 by Caleb Anderson

TimeOut with WatchTime Debuts on January 21: Join Our Editors for a Virtual Discussion

For all those who attended and enjoyed our WatchTime Live virtual event back in the fall, as well as our earlier, and more intimate Independent Watchmakers roundtable event back in August, we’ve got exciting news for you. On January 21, at 12:00 PM EST, WatchTime will host the first in our new series of “TimeOut”...

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Jan 13, 2021 by WatchTime

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