Luxury goods group LVMH’s watch brands will be present at the next edition of the Baselworld watch fair in March, the outgoing head of its watch division told CNN Money Switzerland, adding the show needs to make changes.
Online retail giant Ebay has extended its authentication program to watches this week, in a move to limit the number of fake timepieces being sold on its platform, increasing consumer confidence in the items being sold.
Swiss watch brand Audemars Piguet wants total control over distribution of its luxury watches, cutting out third-party multibrand retailers within 3-5 years, its head said, adding the integration would boost sales.
Swiss watchmaker Audemars Piguet is on track to hit 1 billion Swiss francs ($1.04 billion) in global sales this year, the firm’s chief executive said, amid a revival in luxury demand in China driving up watch sales.
Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Despite the implementation of the GST that followed demonetisation, the luxury watchmaker and jeweller Audemars Piguet has reported strong sales this quarter and remains optimistic for their South Asian business.