Richemont

Swatch Group Enjoys Rebound in Second Half of 2009

Swatch Group struck a positive tone in its 2009 financial report as results for the second half of the year were much stronger than the first half, when watch sales were down 16.4%. Watch sales finished the year down 5.5% at a constant rate, largely outperforming Swiss Watch Federation export sales figures for the same...

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Jan 28, 2010 by WatchTime

Sponsored: Boasting Cutting Edge Technology, G-SHOCK Introduces Its Latest MT-G

G-SHOCK’s premium MT-G collection of timepieces has long been found at the crossroads of bold style and cutting edge technology, and with the new MTGB3000BD1A that trend only continues. Found as part of the larger MTGB3000 series, the watch is constructed of stainless steel, fine resin, and carbon, and features a renewed Dual Core Guard Structure...

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May 18, 2022 by WatchTime

TIME TEST: The Year in Watches

For those who may have missed it, this was our featured article last week, and it was so popular, we’ve carried it over. Say goodbye to 2009 with this WIS quiz on some of the year’s top stories. To see how you did, or to ensure a perfect score, scroll down to the bottom of...

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Dec 20, 2009 by Norma Buchanan

TIME TEST: The Year in Watches

Have you been taking notes? We did say there would be a test. Say goodbye to 2009 with this WIS quiz on some of the year’s top stories. To see how you did, or to ensure a perfect score, scroll down to the bottom of the page to see the answers.

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Dec 14, 2009 by Norma Buchanan

Sponsored: Where Professionalism Meets Technology, ProTek Sees Its Debut

Crafted with first responders in mind, American watchmaker ProTek launches this month with the debut of their initial collection, the Series 1000. The new brand joins the Time Concepts family of brands, and is helmed by industry veteran Barry Cohen, founder of Luminox. After founding Luminox in 1989, Cohen differentiated the brand as an industry...

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May 10, 2022 by WatchTime

Johann Rupert Assumes Richemont CEO Role Effective April 1, 2010

Richemont has announced that effective April 1, 2010, Johann Rupert will assume the role of CEO, replacing Norbert Platt who will retire at the end of the year for health reasons. Mr. Platt will remain as a director of Compagnie Financière Richemont SA and will act as an advisor to the Group.

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Nov 13, 2009 by WatchTime

Executive Sweep

September was a tough month for watch executives, and not just because of the continuing slump in sales. A small army of top executives – three worldwide CEOs, and five U.S. ones – resigned or were fired.

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Oct 12, 2009 by Norma Buchanan

The Decade that Was

You can’t see us, but we’ve got our party hats on. This September, WatchTime magazine celebrates its 10th birthday. To mark the event, we’re publishing in our September-October issue (on newsstands now) a 38-page special section on the wild, wacky watch decade that just ended. The bulk of the section is a rundown of the...

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Sep 14, 2009 by Norma Buchanan

Swatch Group Sales Beat Industry Averages

Swatch Group AG’s half-year 2009 financial report sent the company’s shares higher on the strength of sales that outperformed industry averages and an indication that “signs of recovery” are at hand. For the first half of 2009, gross sales for the watch segment fell 16.4% to CHF 1,960 million, compared with export figures for the...

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Aug 19, 2009 by WatchTime

Richemont Results for Year Ending March 31, 2009

Swiss luxury goods group Richemont has announced its audited results for the year ending March 31, 2009. Overall group sales increased 2 percent, however good growth in the first six months was largely offset by lower sales in the second half of the year. For the group as a whole, operating profit declined 12%. Richemont’s...

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May 14, 2009 by WatchTime

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