Sunday, February 17, 2019

Press Release: SWATCH Group Key Figures 2018

SWATCH Group Key Figures 2018

• Group net sales increased by 6.1% to CHF 8 475 million at current exchange rates (+5.7% at constant rates).

• Operating result increased by 15.2% to CHF 1 154 million. Operating margin increased from 12.5% in the previous year to 13.6%.

• Net income increased by 14.8% to CHF 867 million, with a net margin of 10.2% (previous year: 9.5%).

• Dividend proposal: increase of 6.7% to CHF 8.00 per bearer share and CHF 1.60 per registered share.

• Business slowed in the last three months of the year under review. The month of December in particular was slow, due in part to the very high comparison basis.

• Production companies in the Habillage sector (cases, dials, watch hands, etc.) worked at or even above capacity limits, which led to significant delivery delays, mainly for products for Omega and Longines.

• Record number of 212 new patent applications in 2018.

• Creation of over 1,700 new jobs, mainly in Switzerland.

• January 2019 started with solid growth, even in comparison with the very strong January in the previous year. The Swatch Group expects a positive trend in 2019, both in demand and in elimination of capacity bottlenecks.

Friday, February 15, 2019

IWC 2019 SIHH models

IWC Schaffhausen presented the new Spitfire Pilot’s collection this year.  Following are some of the watches that caught my attention. The Spitfire watches feature IWC's manufactured calibres with designs inspired by the Mark 11.


Photo Credit: IWC

Pilot’s Watch Automatic Spitfire (Ref. IW326801)

Wednesday, January 09, 2019

Breaking News! OMEGA Reintroduces The Iconic Caliber 321

The original Cal 321

 Press Release from Omega

OMEGA Reintroduces The Iconic Caliber 321
If you ask most watch fans to name a famous movement they'd like to see reborn, you're bound to hear them mention the OMEGA Calibre 321. This robust and elegant chronograph movement has been a favourite since the 1940s and is still highly sought-after by watch collectors around the world. Now, more than 50 years after the last Calibre 321 was produced, OMEGA is bringing the iconic movement back.

Wednesday, January 02, 2019

Press Release: 2019 Pre-SIHH: Jaeger-LeCoultre Presents The Master Ultra Thin Moon Enamel.

MASTER ULTRA THIN MOON ENAMEL

The Master Ultra Thin charms any watch-enthusiast or devotee with its round shape and pure lines.
Featuring an extremely thin case, these models highlights the arts of guilloche and enameling, two of
the Rare Handcrafts (“Métiers Rares®”) which have been kept alive for generations at the Manufacture in the Vallée de Joux. Jaeger-LeCoultre remains one of the few Manufactures offering gem-setting, engraving, guillochage and enameling at its workshops, artistic techniques that require delicate and subtle work, typically done by hand and with the assistance of machines, more often than not, over a hundred years old. This year, technical and artistic precision takes on a new dimension. The Art of Precision stands out as the signature of Jaeger-LeCoultre.

Tuesday, December 04, 2018

Press Release by Omega: The Speedmaster Dark Side Of The Moon Apollo 8


Marking the 50th anniversary of the Apollo 8 mission, history’s first ever journey toward the moon, OMEGA is proudly releasing its new Speedmaster Dark Side of the Moon Apollo 8 timepiece. 

Thursday, November 29, 2018

Press Release by Breitling: Breitling Marks Its Entry Into China With A Dazzling Red-Carpet Gala Celebration

All photos are supplied by Breitling

Breitling, the Swiss watch brand with a worldwide reputation for luxurious high-performance timepieces, hosted a dazzling celebration of its entry into the Chinese market with a red-carpet gala night at Beijing’s breathtaking Phoenix Center on November 20, 2018. International movie stars and Breitling Cinema Squad members Brad Pitt and Daniel Wu were on hand to mark the occasion, along with surfer Sally Fitzgibbons and photographer and filmmaker Peter Lindbergh. They were joined by personalities from the worlds of fashion, high society, sport, music, and film, including Japanese fashion designer Motofumi “Poggy” Kogi, South Korean actress Shin Se-Kyung, Chinese actress Qi Wei, and Chinese actor Li Zonghan.

Monday, October 29, 2018

Press Release by VC: Vacheron Constantin Launches Fiftysix Collection In Singapore At The NCO Club.

Vacheron Constantin hosted guests at The NCO Club for the launch of the Fiftysix® collection in Singapore. Guests were first treated to a series of masterclasses at various locations, followed by a soulful performance by English singer-songwriter Will Heard, tunefully accompanying the presentation of the new Fiftysix® collection.

** Photo Credit: Vacheron Constantin

(From Left) Mr Robin Chua, Mr Aaron Lim and Ms Wendy Ng, Mr Yassin Tag (Managing Director of VC SEA & AU), Ms Lee Zhuan