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Rolex sales top $17 billion but MoonSwatch is the big winner in 2023
Feb 29, 2024 · Morgan Stanley’s eagerly awaited annual report on the state of the Swiss watch industry has dropped into industry inboxes this week, and it shows Rolex turnover rising by 9% to CHF 10.1 billion in 2023, which implies a retail value of CHF 15.15 billion, or $17.2 billion.
The top 50 Swiss watch brands in 2023 according to Morgan Stanley …
Feb 28, 2024 · Within Richemont, the performance of specialty watchmakers varied, with three brands—Vacheron Constantin, A. Lange & Söhne, and Van Cleef & Arpels—gaining market shares. However, a significant concern for the division is IWC, which experienced a 13% decline in sales, estimated at CHF 726 million.
Breitling chief’s grounded approach speeds watchmaker’s growth
Mar 31, 2022 · While Breitling accelerates, revenues at Richemont watch brands IWC, Jaeger-LeCoultre and Panerai have yet to return to their pre-pandemic levels, according to the Morgan Stanley report.
Sep 17, 2020 · We are downgrading Swatch to Underweight and Richemont to Equal-weight due to a combination of factors: 1) inventory management challenges at Swatch in the past few semesters, likely a symptom of inefficiencies in the supply chain; 2) more difficult than anticipated transition from wholesale to direct to consumer (DTC); 3)
Piaget Chief Executive Extols ‘Excellence’ for Watch Brand - The …
Sep 7, 2022 · Today, while Richemont does not release financial or production details about individual brands, the financial services company Morgan Stanley has estimated that around 60 percent of...
European luxury stocks face decline amid warnings of slowing …
European luxury stocks, including LVMH, Kering (EPA:PRTP), Richemont, and Burberry Group (OTC:BURBY) Plc, experienced a decline on Tuesday. This downturn follows a warning issued by Morgan...
CEO Cyrille Vigneron on what’s next for Cartier - Vogue Business
Jul 5, 2021 · Cartier is estimated to represent around 75 per cent of the business of Richemont’s Jewellery Maisons division, according to Morgan Stanley estimates. Sales at Jewellery Maisons were up 62 per cent in the quarter ending 31 March.
LVMH reshuffles watch management | Vogue Business
Jul 18, 2024 · At Bvlgari, sales were €3.5 billion in 2023, making it the fourth-largest jewellery brand, per Morgan Stanley.
CH0210483332 | Richemont | Morgan Stanley
CH0210483332 | Richemont - les produits de bourse de Morgan Stanley. Product Finder Leveraged Products. PRODUCTS Cappé & Flooré (24,097) Leverages & Shorts (31,973) ... Stammaktie der Compagnie Financiere Richemont SA (A Bearer Share) ISIN: CH0210483332: Bloomberg Code: CFR SW Equity: Currency: CHF: Price Data. Day High: 146.66 CHF: Day Low ...