Latest Watchmaking news and updates from Switzerland. AI-curated articles covering Watchmaking topics.
Despite a challenging global market for luxury goods, the 'Watches and Wonders' fair in Geneva has opened to a record number of exhibitors and anticipated attendees, reinforcing the event's critical importance for the Swiss watchmaking industry.
The Swatch Group, dominated by the Hayek family, has firmly rejected all proposals from US activist investor Greenwood Investors, which sought a board seat and sweeping changes to the watchmaker's corporate governance structure, setting the stage for a shareholder showdown.
An analysis of the significant headwinds facing Switzerland's iconic watchmaking sector, as the Swatch Group reports a massive profit slump and overall national watch exports continue their decline, particularly in key Asian markets.
The Swiss watch industry experienced a 1.7% decrease in export volume in 2025, totaling CHF25.6 billion. The decline is attributed to challenging market conditions, particularly a significant drop in exports to China and Hong Kong.
From trusted Swiss news outlets