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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%). -
At Home, at Headquarters a Few of the Many Top Companies That Rule from Geneva Talk About Why They Are Here…
Why Geneva is your best choice in Europe At home, at headquarters www.whygeneva.ch A few of the many top companies that rule from Geneva talk about why they are here… Caterpillar Columbia Sportswear DuPont easyJet Electronic Arts Firmenich P&G Richemont Group … as do some new ones that have just arrived! Contents A small area with room for talent Headquarters of global brands Why Geneva succeeds as a business base 2 Something hard to imagine if one doesn’t know Geneva has never been a one-industry town. If the Diversity and density Geneva well, is the extraordinarily high density city was once upon a time famous for its medieval Pierre-François Unger, Minister of Regional of decision-makers present here, on a territory fair and, later on, for its private banks and fine Affairs, Economy and Health, on Geneva’s that covers only 282km2. With UN standard- watches, Geneva has added many other high rare combination of expertise 3 setters, government missions and consulates value-added industries to its portfolio: financial ser- New in Town 4 from every country, global companies and major vices of all kinds, commodity-trading, flavours and P&G’s second health care industry associations, research institutes and fragrances, high-end watches and jewellery, con- joint venture in Geneva 6 influential NGOs such as the World Economic sumer products, trade, biotech, medtech, cleantech, Forum, Geneva may possibly have the largest ICT, micro and nano-technology… Over 930 multi- The new wave of tech solutions concentration of thinkers and doers in the nationals are now based in Geneva – among which HP Innovation Centres goes upstream 8 world. -
New Twenty~4 Models Is Accompanied by a Digital Communication Campaign Addressing Modern Women Sure of Their Taste, with an Affinity for Beauty and Fine Design
Press release Patek Philippe, Geneva October 2020 A new face for the Twenty~4, the Patek Philippe ladies’ watch born to accompany every moment of the modern woman’s life The manufacture is stepping up the allure of its Twenty~4 collection exclusively for women with a fresh interpretation of the original “manchette” or cuff-style quartz model in steel of 1999. It is launching two new versions adorned with white-gold applied Arabic numerals and white-gold applied trapeze-shaped hour markers. Designed as stylish companions to every facet of an active lifestyle, these Twenty~4 references 4910/1200A- 001 with a blue sunburst dial and 4910/1200A-010 with a gray sunburst dial stand out more than ever as paragons of timeless feminine elegance. Since 1839, timepieces for women have always featured prominently in Patek Philippe’s collections – whether as the pocket watches or pendant watches of the nineteenth century or the wristwatches that first emerged in the early twentieth century. Several milestones in the manufacture’s history also relate to watches destined for women, such as the first true wristwatch made in Switzerland, created for a Hungarian countess in 1868, and the Geneva company’s very first striking wristwatch, a five-minute repeater housed in a small platinum case with an integrated chain bracelet in 1916. A modern classic In 1999, Patek Philippe strengthened its privileged links with feminine watch lovers by launching its first collection dedicated exclusively to women. The aim was to meet the demands of the independent active woman who sought a timepiece with an assertive personality able to adapt to her modern lifestyle. -
The Art of Horological Complications
the art of horological complications 2020/2021 THE ART OF Horological Complications © Gerhard D. Wempe KG, Hamburg 2020 Author: Thomas Wanka 2020/2021 Noble radiance BREITLING 81 Metal bracelets make wristwatches into sporty luxury items 8 Chronomat Limited Wempe Edition 82 ROLEX 19 HUBLOT 85 Oyster Perpetual GMT-Master II 20 Big Bang Integral Titanium 86 Oyster Perpetual Day-Date 40 22 CHOPARD 89 PATEK PHILIPPE 25 Alpine Eagle Chronograph 90 Nautilus Chronograph 5980/1R 26 Nautilus 5711/1R 28 GIRARD-PERREGAUX 93 Laureato Ininity - exclusively available at Wempe 94 BREGUET 31 Marine Tourbillon Équation Marchante 32 ROGER DUBUIS 97 Classique 7337 34 Excalibur Spider Huracán 98 A. LANGE & SÖHNE 37 FERDINAND BERTHOUD 101 Odysseus 38 Chronomètre FB 1 102 Zeitwerk Minute Repeater 40 ULYSSE NARDIN 105 JAEGER-LECOULTRE 43 Executive Blast Black 106 Master Control Chronograph Calendar 44 TUDOR 109 Master Grande Tradition Grande Complication 46 Black Bay Fifty-Eight Navy Blue 110 CARTIER 49 TAG HEUER 113 Pasha de Cartier 50 Carrera Heuer 02 114 VACHERON CONSTANTIN 53 WEMPE IRON WALKER GLASHÜTTE I/SA 117 Overseas Perpetual Calendar Ultra-Thin 54 Iron Walker Automatic Chronograph 118 IWC SCHAFFHAUSEN 57 Iron Walker Automatic Diver‘s Watch 120 Portugieser Perpetual Calendar 58 LONGINES 123 GLASHÜTTE ORIGINAL 61 Spirit Pilot‘s Chronograph 124 Senator Cosmopolite 62 MONTBLANC 127 WEMPE CHRONOMETERWERKE GLASHÜTTE I/SA 65 Heritage Manufacture Pulsograph Limited Edition 128 Chronometerwerke Automatic Pilot‘s Watch Bronze 66 NOMOS GLASHÜTTE 131 175 Years -
Deloitte Global Powers of Luxury Goods 2018
Global Powers of Luxury Goods 2018 Shaping the future of the luxury industry Contents Foreword 3 Top 100 quick statistics 4 Shaping the future of the luxury industry 5 Global Economic Outlook 9 Top 100 highlights 13 Global Powers of Luxury Goods Top 100 15 Top 10 highlights 23 Fastest 20 27 Product sector analysis 29 Geographic analysis 37 Newcomers 45 Study methodology and data sources 47 Endnotes 50 Contacts 51 Luxury goods in this report focuses on luxury for personal use, and is the aggregation of designer clothing and footwear (ready-to-wear), luxury bags and accessories (including eyewear), luxury jewellery and watches and premium cosmetics and fragrances. Foreword Welcome to the fifthGlobal Powers of Luxury Goods. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in FY2016 (which we define as financial years ending within the 12 months to 30 June 2017). It also discusses the key trends shaping the luxury market and provides a global economic outlook. The world’s 100 largest luxury goods companies generated personal luxury goods sales of US$217 billion in FY2016. At constant currency, the growth rate was 1 per cent, 5.8 percentage points lower than the 6.8 per cent currency-adjusted growth achieved by these companies in the previous year. The average luxury goods annual sales for a Top 100 company is now US$2.2 billion. The luxury market has bounced back from economic uncertainty and geopolitical crises, edging closer to annual sales of US $1 trillion at the end of 2017. -
Watches & Jewellery Salesfluxspreadspatinaofcaution
FT SPECIAL REPORT Watches & Jewellery Thursday April 25 2013 www.ft.com/reports | twitter.com/ftreports Sales flux spreads patina of caution Inside » BaselWorld New exhibition space brings The principal reason for light to lacklustre uncertainty is the experience of old clampdown on the giving of gifts in China, writes Page 2 James Shotter Emerald named fter three years of relentless growth, the path the Swiss colour of 2013 watch industry will follow Move to green gets in 2013 is less clearly sign- posted. boost from red ALast September, Swiss watch carpet exposure exports recorded their first decline since the financial crisis, and have Page 6 since oscillated sharply: up in October and November, down in December, up in January, down again in February. Time for safety These fluctuations have spread a patina of caution across the industry. Breitling to launch Nick Hayek, Swatch’s chief executive, second generation has spoken of the need to “calm down the spirits” on growth expectations. of Emergency with One participant described this locator beacon year’s Salon International de la Haute Horlogerie, the January fair at which Page 8 analysts say Richemont’s brands tra- ditionally book up to 60 per cent of their annual orders, as “serene, not Designers take ebullient”. “This year in one word? Unpredicta- organic approach ble,” says Thierry Fritsch, chief exec- Use of alternative utive of Chaumet, the Parisian jewel- ler-cum-watchmaker that belongs to gems raises LVMH’s stable of brands. concern over ethics The principal reason for the uncer- tainty is mainland China. The world’s Uncertain times: the slowdown in exports of Swiss watches to China reflects a wider deceleration in the mainland economy Getty Page 11 third-largest watch market – behind Hong Kong and the US – has powered growth in recent years but has slowed a sharp crackdown by the new presi- ing in China is going to be one of the remain relatively sanguine. -
The Authorized Biography the Definitive History of the Legendary Swiss Manufacture
Press release Patek Philippe SA Geneva November 2016 Patek Philippe: The Authorized Biography The definitive history of the legendary Swiss manufacture Written by Nicholas Foulkes, an acclaimed specialist in art and horology, and spanning over 500 pages, this work describes the evolution of the independent Genevan manufacture from its beginnings in 1839 to the present. The English edition is being released in November and will be followed by other languages as of 2018. Drawing on exclusive interviews with the company’s owners and with staff and watchmakers past and present, as well as on hitherto unseen documents from the company’s archives, Patek Philippe: The Authorized Biography celebrates the history of a unique company. Renowned historian, author, and editor Nicholas Foulkes traces Patek Philippe’s history from founder Antoine Norbert de Patek’s early life in Poland as a young cavalry officer fighting in a doomed uprising. He recounts Patek’s exile, his life in Geneva, his meeting with gifted watchmaker Jean Adrien Philippe, and the 1932 purchase of the company by the Stern family, whose members, over four generations, have turned it into the legend that it is today. His vibrant narrative pays tribute not only to the creations of the Genevan manufacture but also to the gifted individuals who forged its history – especially to the many generations of watchmakers and artisans who can take credit for its success. Among other notable anecdotes, The Authorized Biography reveals, for the first time, the story of a unique timepiece bought by Queen Victoria for her husband Prince Albert. In addition, Nicholas Foulkes was granted privileged access to interview the widow of famed Swiss jewelry designer Gerald Genta, who was responsible for the design of the first Nautilus model in 1976. -
Global Powers of Luxury Goods 2018 Shaping the Future of the Luxury Industry Contents
Global Powers of Luxury Goods 2018 Shaping the future of the luxury industry Contents Foreword 3 Top 100 quick statistics 4 Shaping the future of the luxury industry 5 Global Economic Outlook 9 Top 100 highlights 13 Global Powers of Luxury Goods Top 100 15 Top 10 highlights 23 Fastest 20 27 Product sector analysis 29 Geographic analysis 37 Newcomers 45 Study methodology and data sources 47 Endnotes 50 Contacts 51 Luxury goods in this report focuses on luxury for personal use, and is the aggregation of designer clothing and footwear (ready-to-wear), luxury bags and accessories (including eyewear), luxury jewellery and watches and premium cosmetics and fragrances. Foreword Welcome to the fifthGlobal Powers of Luxury Goods. The report examines and lists the 100 largest luxury goods companies globally, based on the consolidated sales of luxury goods in FY2016 (which we define as financial years ending within the 12 months to 30 June 2017). It also discusses the key trends shaping the luxury market and provides a global economic outlook. The world’s 100 largest luxury goods companies generated personal luxury goods sales of US$217 billion in FY2016. At constant currency, the growth rate was 1 per cent, 5.8 percentage points lower than the 6.8 per cent currency-adjusted growth achieved by these companies in the previous year. The average luxury goods annual sales for a Top 100 company is now US$2.2 billion. The luxury market has bounced back from economic uncertainty and geopolitical crises, edging closer to annual sales of US $1 trillion at the end of 2017. -
Cerved Official Document
COMPETITORS ITALY CLOCKS AND WATCHES November 2012 INTRODUCTION TO METHODOLOGY Databank's methodology for Competitors reports begins with a careful screening to identify the main organisations that are representative of a given sector. Several one-to-one interviews are then conducted with the selected organisations. Questionnaires are sent to all the leading companies on an annual basis. The information collected is then verified by an expert in the particular sector using a system of counterchecks to guarantee that the information is entirely reliable and consistent. The process is then completed using Cerved Group's proprietary information about Italian enterprises. All Competitors reports also include details concerning the strategies and performances of the leading companies in each sector. Wherever no specific source is indicated, the information published in these reports can be assumed to have been taken from Cerved Group's proprietary information bank. Coverage of any sector in Competitors products may be used in company presentations or in training courses on the subject. www.databank.it SECTOR DESCRIPTION Scope This report covers various kinds of watches and clocks. • Product technology Based on the timekeeping technology, three main types of clocks can be distinguished: mechanical clocks, which can in turn be divided into those powered manually (by winding) and those powered automatically; quartz clocks, where the passage of time is measured using the oscillations of a quartz crystal; clocks with complex movement mechanisms, such as those with functions beyond indicating hours and minutes (e.g. the exact date even in leap years, lunar cycles and stopwatch functions). The most difficult mechanisms to produce include minute repeaters (tones that signal each minute) and the tourbillon (an additional mechanism used to regulate the timekeeping device to counter the effects of gravity). -
Case 0:18-Cv-62790-DPG Document 1-1 Entered on FLSD Docket 11/16/2018 Page 1 of 1 Case 0:18-Cv-62790-DPG Document 1 Entered on FLSD Docket 11/16/2018 Page 1 of 63
Case 0:18-cv-62790-DPG Document 1-1 Entered on FLSD Docket 11/16/2018 Page 1 of 1 Case 0:18-cv-62790-DPG Document 1 Entered on FLSD Docket 11/16/2018 Page 1 of 63 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA AUDEMARS PIGUET HOLDING SA, BREITLING U.S.A. INC., CHANEL, INC., GUCCI AMERICA, INC., HENRI STERN WATCH AGENCY, INC., HUBLOT SA, GENÈVE, COMPAGNIE DES MONTRES LONGINES, FRANCILLON S.A., MOVADO LLC, OMEGA SA, RADO UHREN AG, TURLEN HOLDING SA, and LVMH SWISS MANUFACTURES SA, Plaintiffs, vs. BLUELANS, CHENGLIAN, CRAZY STORE, ENGHUANIU, ETHEREAL, EVERGRAND, FASHION&PRETTY, FLEECEBOO, GUOMIAOMIAO1314, HERUN INDUSTRIAL CO., LTD., ZHEJIANG, JIANGLINA, JIANGQIONG STORE, JINGJIANSTORE, MENGHONGYAN, MINGXINGBIAOYEYOUXIANGONGSI, MONTH CLOUD, ROADTOALLWAYS, SHENZHENSHIQINGMEIKEJIYOUXIANGONGSI, SHIXIN888999666, SILVER CHINESE, TOPBIRDY, WEIYE, XINLINGZHONGBIAO, YICHENG TESCO, GOD BLESS US & MY TIME ZONE STORE, MY TIME ZONE, WATCHESTIME, BEST4CHOOSE, CORPOR2008, GUDAOXIAGU-0, JOFTBENN7, KHER6424, MIKI2016, SPRINGENN, FAFAFA8886, KISSCOME0411, LEEHOMWANG, PAYCAY, VIVAQ8, WRISTWATCHESHERE, ZHIMAKAIHUA2015, BAGAHOLICS20000, BESTWATCHES88, HB_LUXURY_BAGS, HYPE_REPLUG, LUXURY_BAG_SHOES_SHOP, LUXURYBRAND.FACTORY1314, LUXURYGIRL9328, MSHOP8_TEL_89516445438, ROLEXFULLDIAMANTES, ROLEXWATCH2018, WATCH_HAPPENS, WATCHESPAGES, PHAN.OFFICIAL9 a/k/a PHANOFFICIAL.COM, XFASHION_BOUTIQUE222 a/k/a KINGLUXURY222.COM, CLASSEMPORIUM.COM, and SWISSREPLICAWATCHESININDIA.COM, each an Individual, Partnership, Business Entity, or Unincorporated Association, Defendants. -
A Thesis on the Authenticity and Preservation of Functionally-Used Objects Joshua Karl Sundermeyer a Thesis Submitted in Partial
A Thesis on the Authenticity and Preservation of Functionally-Used Objects Joshua Karl Sundermeyer A Thesis Submitted in partial fulfillment of the Requirements for the degree of Master of Arts University of Washington 2019 Committee: Wilson O’Donnell Hollye Keister Bruce Hevly Program Authorized to Offer Degree: Museology © Copyright 2019 Joshua Karl Sundermeyer University of Washington Abstract A Thesis on the Authenticity and Preservation of Functionally-Used Objects Joshua Karl Sundermeyer Chair of the Supervisory Committee: Wilson O’Donnell Department of Museology For many museums with physical collections, preventive conservation was the basis for “best- practice” collections management policies. Under such a philosophy, the purposeful subjection of a collections object to hazardous conditions would be unacceptable. Hazardous conditions simultaneously risked a permanent loss to the object’s state of preservation and impacted its original authenticity. And yet, there were museums that functionally utilized their objects of functional or utilitarian purpose. Utilization referred to the museum using a utilitarian or functional object toward the purpose it was built to perform. There was not a large body of literature detailing how museums with functioning collections objects regarded the issues of authenticity and preservation. This study attempted to discover how museums that functionally- use objects from permanent collections considered how object authenticity intersected object preservation. This study employed a Delphi technique to acquire data. The intention was to find consensus, or a convergence of opinion, amongst the participants. Collections managers of five museums in the United States that functionally used objects were included in the study. The results of this study suggested a single principal conclusion: that the intersection of authenticity and preservation of museum collections objects is that of the functional-use of those objects. -
Global Powers of Luxury Goods 2020 the New Age of Fashion and Luxury Contents
Global Powers of Luxury Goods 2020 The new age of fashion and luxury Contents Foreword 3 Quick statistics 4 The new age of fashion and luxury 5 Top 10 highlights 17 Top 100 24 Geographic analysis 31 Product sector analysis 37 New entrants 42 Fastest 20 43 Study methodology and data sources 45 Endnotes 47 Contacts 50 Foreword Welcome to the seventh edition of Global Powers of Luxury Goods. At the time of writing, the COVID-19 pandemic has inflicted many losses: human, social and economic. What we are now experiencing is an unprecedented moment of crisis in modern history. However, it is during uncertain times that companies often come up with new ideas, converting the crisis into an opportunity, and adopting a long-term vision of future challenges. This prolonged disruptive situation is creating profound changes in consumer behavior and how companies are responding to these changes—prompting a debate about the future of the fashion and luxury industry. There is a general feeling of rethinking luxury and driving it in new directions, considering which business models will be feasible and more relevant in the new normal. Tradition and responsiveness, two elements that have always characterized luxury companies, will both be required to face great challenges in the post-COVID environment. We see the pandemic acting as a divider between the old way of doing business and the new scenario that is taking shape, characterized by changing consumer behavior. Hence, in this report, we talk about a new age for fashion and luxury and will explore the main trends that will drive the industry in the coming months.