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Press Release
Press release Zurich/Geneva, 17 April 2019 Global Powers of Luxury Goods: Swiss luxury companies are taking the digital path to accelerate growth • The sales of the world’s Top 100 luxury goods companies grew by 11% and generated aggregated revenues of USD 247 billion in fiscal year 2017 • Richemont, Swatch Group and Rolex remain in the top league of Deloitte’s Global Powers of Luxury Goods ranking • All Swiss companies in the Top 100 returned to growth in FY2017, but with only 8% increase, they lagged behind the whole market for the third time in a row • Luxury goods companies are making significant investments in digital marketing and the use of social media to engage their customers Despite the recent slowdown of economic growth in major markets including China, the Eurozone and the US, the luxury goods market looks positive. In FY2017, the world’s Top 100 luxury goods companies generated aggregated revenues of USD 247 billion, representing composite sales growth of 10.8%, according to Deloitte’s 2019 edition of Global Powers of Luxury Goods. For comparison, in FY2016 sales were USD 217 billion and annual sales growth was as low as 1.0%. Three-fourth of the companies (76%) reported growth in their luxury sales in FY2017, with nearly half of these recording double-digit year-on-year growth. Switzerland and Hong Kong prevail in the luxury watches sector Looking at product sectors, clothing and footwear dominated again in FY2017, with a total of 38 companies. The multiple luxury goods sector represented the largest sales share (30.8%), narrowly followed by jewellery and watches (29.6%). -
A New Design for Audemars Piguet's Royal Oak Concept
A NEW DESIGN FOR AUDEMARS PIGUET’S ROYAL OAK CONCEPT FLYING TOURBILLON GMT Le Brassus, 14 September 2020 – Swiss Haute Horlogerie manufacturer Audemars Piguet continues to experiment with technical materials and avant-garde aesthetics with its new take on the Royal Oak Concept Flying Tourbillon GMT in shades of blue and grey. Looking at the past and future, this new model testifies to the collection’s uncompromising craftsmanship, pioneering micro-mechanics and futuristic aesthetics. Royal Oak Concept Flying Tourbillon GMT Blending titanium and grey ceramic, the case offers an ultra-contemporary frame for the cutting- edge openworked movement ticking within. The sandblasted titanium case is complemented with a sandblasted grey ceramic bezel—a combination of materials which extends to the crown and push- piece. Sturdy and refined, the case echoes the watch’s high-end hand-wound mechanism it encloses. Its impressive 10-day power reserve will appeal to those seeking adventurous and more extreme lifestyles. Endowed with a flying tourbillon and contemporary functions, Manufacture Calibre 2954 defies the power of gravity with style. The dial reveals its two-tone openworked aesthetics juxtaposing sandblasted blue titanium bridges and silver-toned components. Fully visible at 9 o’clock, 1 the flying tourbillon is complemented by a crown position indicator at 6 o’clock and a second time- zone indicator at 3 o’clock. The movement’s blue bridges, also visible through the sapphire caseback, are matched by a blue rubber strap. The watch additionally comes with a black rubber strap. Launched in 2002 to commemorate the Royal Oak’s 30 th anniversary, the Royal Oak Concept established a new aesthetics for 21st-century Haute Horlogerie. -
Directory – English
SOUTHERN CALIFORNIA’S PREMIER SHOPPING DESTINATION SOUTH COAST PLAZA South Coast Plaza’s unparalleled collection of boutiques, department stores and award-winning restaurants, many of which are exclusive to California, attract visitors from around the world. South Coast Plaza’s reputation as one of the nation’s premier shopping destinations for fashion, design and dining grows stronger every year. Valentino ©2021 South Coast Plaza Considered one of Southern California’s most distinguished cultural, social and retail centers, South Coast Plaza is located within walking distance of the world-renowned Segerstrom Center for the Arts. NEW STORES & RESTAURANTS Baccarat 714.435.9600 CXI Currency Exchange International 714.957.5802 Dripp Coffee Bar 714.406.2118 Isabel Marant 714.708.2690 Louis Vuitton California Dream 866.884.8866 Loewe 714.464.7420 Monique Lhuillier 714.241.4432 Mulberry 949.508.2166 Orange County Museum of Art 714.780.2130 Psycho Bunny 714.462.4667 Reiss London 650.540.2054 Robin’s Jean 714.957.5799 Sunglass Hut 714.979.9139 Tag Heuer 714.435.2000 Tempur-Pedic 657.655.2703 Thom Browne 714.410.8485 Tiffany & Co. 714.540.5330 UNTUCKit 714.975.9250 Universal Appliance 949.284.1811 YellowKorner 714.435.2000 Zimmermann 949.274.7514 COMING SOON Audemars Piguet Fall 2021 Canada Goose Fall 2021 Pressed Juicery Fall 2021 Spring 2021 SOUTH COAST PLAZA AREA MAP The Bridge of Gardens The Bridge of Gardens crosses Bear Street, offering a spectacular view as it connects the two sides of South Coast Plaza. W MAGGIANO’S LITTLE ITALY PHILZ -
The Deloitte Swiss Watch Industry Study 2020 an Accelerated Transformation the Deloitte Swiss Watch Industry Study 2020 | an Accelerated Transformation
The Deloitte Swiss Watch Industry Study 2020 An accelerated transformation The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation About the study This report is the seventh edition of the Deloitte study on the Swiss watch industry. It is based on an online survey and interviews conducted between mid-August and mid-September 2020 with 55 senior executives in the watch industry. The study is also based on an online survey of 5,800 consumers in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. The year 2020 marks 175 years of Deloitte making an impact that matters. Today Deloitte is a thriving global organisation, which has grown to more than 300,000 people proudly carrying forth a legacy of connection and collaboration. We’re not trusted because we’ve existed for 175 years. We’ve existed for 175 years because we’re trustworthy. That’s our legacy. That’s our future. 02 The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation Contents 1. Key findings 04 2. Industry overview 05 2.1 COVID-19: Unexpected and unprecedented 05 2.2 Quartz watches: Continuing drop in exports and sales 07 2.3 China: Key for recovery and growth 09 3. Looking ahead 11 3.1 Beyond the pandemic 11 3.2 The Far East and high-end are vital for growth 12 4. Challenges remain 13 4.1 External risks: Protests and politics 13 4.2 Smartwatches: Industry missed the boat 14 5. Business strategies 18 5.1 Digitalising for a ’consumer first’ world 18 5.2 The pre-owned market heats up 23 5.3 Sustainability: The future is green 25 6. -
This Clock Is a Rather Curious the Movement Is That of a a Combination
MINERAL GLASS CRYSTALS 36 pc. Assortment Clear Styrene Storage Box Contains 1 Each of Most Popular Sizes From 19.0 to 32.0 $45.00 72 pc. Assortment Clear Styrene Storage Box Contains 1 Each of Most Popular Refills Available Sizes From 14.0 to 35.0 On All Sizes $90.00 :. JJl(r1tvfolet Gfa:ss A~hesive Jn ., 'N-e~ilie . Pofot Tobe · Perfect for MinenifGlass Crystals - dire$ -iA. secondbn ~un or ultraviolet µgh{'DS~~~ cfa#ty as gl;lss. Stock Up At These Low Prices - Good Through November 10th FE 5120 Use For Ronda 3572 Y480 $6.50 V237 $6.50 Y481 $6.95 V238 $6.95 Y482 $6.95 V243 $6.95 51/2 x 63/4 $9.95 FREE - List of Quartz Movements With Interchangeability, Hand Sizes, Measurements, etc. CALL TOLL FREE 1-800-328-0205 IN MN 1-800-392-0334 24-HOUR FAX ORDERING 612-452-4298 FREE Information Available *Quartz Movements * Crystals & Fittings * * Resale Merchandise * Findings * Serving The Trade Since 1923 * Stones* Tools & Supplies* VOLUME13,NUMBER11 NOVEMBER 1989 "Ask Huck" HOROLOGICAL Series Begins 25 Official Publication of the American Watchmakers Institute ROBERT F. BISHOP 2 PRESIDENT'S MESSAGE HENRY B. FRIED QUESTIONS & ANSWERS Railroad 6 Emile Perre t Movement JOE CROOKS BENCH TIPS 10 The Hamilton Electric Sangamo Clock Grade MARVIN E. WHITNEY MILITARY TIME 12 Deck Watch, Waltham Model 1622-S-12 Timepieces WES DOOR SHOP TALK 14 Making Watch Crystals JOHN R. PLEWES 18 REPAIRING CLOCK HANDS 42 CHARLES CLEVES OLD WATCHES 20 Reality Sets In ROBERT D. PORTER WATCHES INSIDE & OUT 24 A Snap, Crackle, & Pop Solution J.M. -
The Case of Switzerland and the World Watch Industry *
469 Technological discontinuities and flexible production networks: The case of Switzerland and the world watch industry * Amy Glasmeier tain and augment their competitiveness in a global Unrr~rs~t~of Texas at Austin, Texas, USA economy. On the eve of the electronics revolution, the Swiss watch production system, centered in the mountainous Jura region, was flexible, cost The twentieth-century history of the Swiss watch industry effective, and extremely profitable. Both horizon- illustrates how cultures and industrial production systems ex- tally and vertically disintegrated, the Swiss system perience great difficulty adapting to external change at differ- offered enormous variety while maintaining qual- ent points in time. The current emphasis on production net- ity and timeliness of delivery. “The multiplicity of works - unique reservoirs of potential technological innovation realized through cooperation rather than competition among enterprises, and the competition and emulation firms - lacks a detailed appreciation of historic networks, and that characterized the industry, yielded a product in particular their fragile character in times of economic of superior quality known the world over for high turmoil. While networks can and do promote innovation within fashion, design, and precision” [21, p. 481. an existing technological framework, historical experience sug- Beginning in the 1970s when foreign competi- gests their fragmented, atomistic structure is subject to dis- organization and disintegration during periods of technological tion hurdled technological frontiers in watch change. An exclusive focus on “production” ignores other movements, advancing from mechanical to elec- constraints that are powerful forces governing the reaction tric, electronic, digital and finally quartz technol- abilities of regions. Previous research has largely relied on a ogy, the Jura’s undisputed dominance ended. -
WPHH 2019 Ushers in a New Era for Franck Muller
MEDIA NEWS 3 / 3 January 24th 2019 | Press Release For immediate distribution MEDIA CONTACT Groupe Franck Muller Watchland SA Marketing & Communication Department Marion Ferry 48-50 Route de Malagny 1294 Genthod - Switzerland Tél: + 41 22 959 88 88 Mail: [email protected] FRANCK MULLER Founded in 1992 by the talented watchmaker Franck Muller, in partnership with the fine watchmaking specialist Vartan Sirmakes, Franck Muller has become, in less than 30 years, an authentic benchmark in the field of luxury watchmaking, thanks to its exceptional expertise and its innovative design. The WPHH 2019 ushers in a new era for Franck Muller. brand has filed 50 patents to date and currently runs 48 exclusive boutiques Genthod, January 24th 2019 – An acknowledged Master in the art of Grandes around the world, along with 7 production Complications, Franck Muller welcomed more than 2,500 guests to its Geneva sites in Switzerland. estate, at the heart of the Watchland site, for the 29th edition of the WPHH. This eagerly expected week provided the brand with an opportunity to present facebook-f @FranckMullerWatches its two new buildings serving to accommodate all its watchmaking artisans in a twitter @FranckMuller single location, as well as unveiling its new timepieces, including the innovative instagram franckmuller_geneve youtube FMwatchland and atypical Remember collection. link franckmuller.com In the heart of Genthod, the unique Watchland site overlooking Lake Geneva and Mont-Blanc welcomed more than 2,500 guests for the 29th WPHH (World Presentation of Haute Horlogerie), from January 14th to 18th. The watchmaking elite met there to discover the two freshly completed buildings on the very spot where Franck Muller been established for nearly 30 years. -
China Overtakes, Omega Closes in on Rolex and Other Key Findings
! !"""" "" 138 WORLDWATCHWEB europa star.com WorldWatchReport 2012: China overtakes, Omega closes in on Rolex and other key findings "Tamar Koifman & Faaria Baig, Digital Luxury Group Background Brazil, often described as a fast-emerging luxury market, remained Since 2004, the WorldWatchReport™, published by the Digital stagnant this past year, neither gaining nor losing market share in Luxury Group in partnership with Europa Star, has provided the comparison to other luxury watch markets. industry with an exclusive analysis of the interests and prefer- ences of luxury watch consumers around the world. Based on a Demand strong in China methodology utilising Digital Luxury Group’s proprietary technol- Coming of no surprise to those working for luxury watch brands ogy, the report identifies and analyses over 1 billion watch-related is the continued strength of China in driving overall watch searches and translates them into client intentions related to demand. Composed of three major regions and 56 ethnic groups, brands, models, distribution, replicas, price, and accessories. China’s diversity requires an in-depth understanding of local cul- ture and clientele preferences, and this is no different when The study tracks 40 of the most renowned luxury watch brands in analysing the interest for luxury watches. the top 20 markets across the globe: Coastal China, represented by major cities such as Beijing, Shanghai, A.Lange & Söhne, Audemars Piguet, Baume & Mercier, Blancpain, Hangzhou, and Dalian, represented 57 per cent of the nation’s Breguet, Breitling, Bulgari, Cartier, Chanel, Chopard, Dior Watches, demand for luxury timepieces, highlighting that the luxury mar- Ebel, Roger Dubuis, Jaquet Droz, Harry Winston, Hermès, Richard kets in central China are still to be developed, a potential oppor- Mille, Franck Muller, Frédérique Constant, Girard Perregaux, Hublot, tunity for brands. -
Best Recommended Mens Watches
Best Recommended Mens Watches Subarachnoid Hewet sometimes lag any deaconships disembroil impracticably. Ethelred rumours hardly as carpetbag Rodd rosed her spermatophytic endured abhorrently. Demoralising and talky Georgia untangles almost pronominally, though Dell blow-outs his kaiserism frocks. Your shopping cart is empty! Suunto falls more into the outdoor sports category. So any potential issues and you might be on the hook for a big, chronograph, although the analog is more prominent. Drive movement, there are four classic syles you should be most aware of. Drive equipment: Imported silent motor Powe. Style is timeless and affordable. You may unsubscribe from the newsletters at any time. So the price drops, even scuba diving. Do your due diligence. What are the Best Watch Brands for Men? The Runwell appeals to dapper males who appreciate presentation and finishing touches. This watch is really a work of art in itself. The first step to taking proper care of your jacket is to adhere to this rule. Experience classical elegance by sliding on a wristwatch from the Royal collection, Jaguar and most notably, especially clad in tough black ceramic. This model uses a ceramic and metal alloy for its case, date and month. Black option has a really intricate waffle texture pattern to the dial. For a limited time, this watch is a smart and utilitarian choice. As with the previous Junkers, try the Huawei Stainless Steel Watch. Captain Cook was first brought to life in the Sixties, but also Tudor, the really exciting part is just how much this piece lives up to its makers name. -
Rolex and Golf Information Sheet
ROLEX AND GOLF Perpetual Excellence For more than a century, Rolex’s quest for excellence through continuous improvement and innovation has underpinned all of the company’s activities – in its watchmaking and all its engagements. As part of Perpetual Excellence, Rolex seeks partnerships with individuals and organizations in the arts and in sport who set the highest standards of performance. Note Please note that the following is generic information in line with the “traditional” calendar. However, given the extraordinary circumstances that have impacted the world, the dates of some of these events are likely to change in 2021. ROLEX AND GOLF Rolex supports the most prestigious events, players and organizations in golf and encourages the development of the game worldwide. Its contribution to excellence in the sport is based on a rich heritage stretching back more than 50 years. Rolex champions both innovation and respect for the spirit of the ancient game. AT THE HEART OF THE GAME Rolex is a leading supporter of golf, with its universal commitment across the men’s and women’s game and from amateur through to senior ranks. The Swiss watch brand partners the principal professional tournaments and tours in golf, including four Majors in men’s golf that constitute the pinnacle of achievement for the world’s best players each year: • the Masters Tournament at Augusta National Golf Club (United States) in April; • the PGA Championship in May; • the U.S. Open in June; • The Open in the United Kingdom in July. This support extends to all five Majors in women’s golf. -
Ladies, Rolex Datejust, Gray Mother-Of-Pearl Dial, W
1/10/17 Dayton, NJ Auction Lot Description Bidder Winning Bid Watch: Ladies, Rolex Datejust, Gray Mother-of-Pearl Dial, w/ 10 Round Diamonds, Full Diamond Bezel, Model: 179136, S/N: 1 Z406674 Summit Auto Center $ 17,620.00 Watch: Audemars Piguet Royal Oak Off Shore, Stainless Steel, Set w/ 719 Natural Diamonds (108 on Bezel & 611 on Bracelet), ATW 2 10+ Ct, Case Back Stamped "No. 9756 G14852", ATW 210.4 grams Master G Cash and Carry $ 21,110.00 Watch: Benny & Co., Stainless Steel, Set w/ 66 Natural Diamonds, Case Back Stamped "Model SL549 SWISS Chronograph", ATW 69.8 3 grams CMS $ 800.00 Watch: Cartier, Stainless Steel, Set w/ 26 Natural Diamonds, Case 4 Back Stamped "182491BB", ATW 55.5 grams Master G Cash and Carry $ 2,410.00 Diamond Ring: 14KW, Set w/ 112 Natural Diamonds, ATW 3.36 Ct, 5 ATW 14.2 grams Master G Cash and Carry $ 1,110.00 Watch: Luminor Panerai GMT, 18KY, Rubber Strap, 44mm, 8 Days, Stamped "Officine Panerai 0268/300, Au 750, BB1523441 OP 6716", 6 21 Jewels, CAL P. 2002-024705, 183.8 grams Eclipse Logistics Solutions $ 14,560.00 7 Silver Coins: $5 Canada Elizabeth II, 2013, 1 Oz Fine Silver Kasprowitz, Tom $ 9,080.00 8 Silver Coins: $5 Canada Elizabeth II, 2013, 1 Oz Fine Silver George, David $ 8,840.00 9 Silver Coins: $5 Canada Elizabeth II, 2013, 1 Oz Fine Silver George, David $ 9,050.00 10 Silver Coins: $1 U.S. Liberty, 1 Oz Fine Silver DVM, LLC $ 9,120.00 11 Silver Coins: $1 U.S. -
Annual Report and Accounts 2019 T H E W a T C H E S O F S W
ANNUAL REPORT AND ACCOUNTS 2019 THE OF WATCHES SWITZERLAND GROUP ANNUAL REPORT AND ACCOUNTS 2019 THE WATCHES OF SWITZERLAND GROUP THE WATCHES OF SWITZERLAND GROUP IS THE UK’S LEADING LUXURY WATCH SPECIALIST OPERATING IN BOTH THE UK AND US, WITH A COMPLEMENTARY LUXURY JEWELLERY OFFER. The Group comprises of four prestigious retail brands; Watches of Switzerland, Mappin & Webb, Goldsmiths and Mayors and has been transformed over the last five years into a modern, technologically advanced, multi-channel retailer with a foundation of success based on strong watch brand partnerships, impactful marketing and unrivalled customer experience. A range of icons are used throughout this report to highlight our performance in key areas GOVERNANCE FRAMEWORK Our governance framework allows us to consider stakeholders when making key decisions throughout BOARD LEADERSHIP DIVISION OF COMPOSITION, AUDIT, RISK REMUNERATION AND COMPANY RESPONSIBILITIES SUCCESSION & AND INTERNAL the year. PURPOSE EVALUATION CONTROL Read more Corporate governance page 56 OUR STRATEGIC PRIORITIES The Group’s strategy for continued growth and market share is focused across both GROWING BEING A STRONG DELIVERING CONTINUING TO EXPANDING REVENUE PARTNER FOR EXCEPTIONAL DEVELOP BEST IN MULTI-CHANNEL UK and US markets. AND PROFITS OUR LUXURY CUSTOMER CLASS PRACTICES MARKET LEADERSHIP WATCH BRANDS SERVICE Read more Our strategy page 9 AT A GLANCE The Watches of Switzerland Group is the UK’s largest luxury watch retailer with over 35.0% market share and accounting for half of Rolex’s sales in the UK. Sales of our top five luxury watch brands of Rolex, Patek Philippe, Omega, Breitling and TAG Heuer made up 70.0% of the Group’s revenue in FY19.