After being on the chopping block for quite some time, it was recently announced that US based Tourneau (recognized as the largest US-based luxury watch retailer) has been sold to the Bucherer Group for an undisclosed sum. This includes approximately 30 brick and motar stores nationwide as well as an established eCommerce or online presence. To be clear, this is not the watch company Carl F. Bucherer but rather the parent company. While it is not clear at this time what this will mean for the US based watch market, it is unavoidable that large scale changes are coming.
Luxury watch brand IWC Schaffhausen is celebrating their 150th anniversary in 2018 and as a part of this celebration is set to unveil a special Jubilee collection at SIHH 2018 (Salon International de la Haute Horlogerie), comprising 27 numbered limited edition watches from different collections. Among these is the new Portugieser Constant-Force Tourbillon Edition “150 Years”.
While the Swatch Group did report their 2017 half year numbers earlier this year, Talk About Watches was not yet open to the public. Since we do plan on reporting on financial information out of the watch industry moving forward, we did want to present the information for those that may not have seen it as well as to provide a baseline for future reporting as it becomes available.
Some rather drastic changes were made concerning the Baselworld 2018 show (and beyond) that are sure to bring some serious changes to hundreds of the brands that have been exhibiting there for years and also for brands making plans on presenting and attending. We give you all the information that we currently have so that you can stay up to date on this evolving situation.
The trends lately for almost all of the major watch fairs (think Baselworld, JCK, Hong Kong, etc.) have been down. Why is this? Are they fading and on their way out entirely? Tim Temple takes you through the current state of affairs and explores various causes as to what we are seeing in the industry.
The Richemont Group (Compagnie Financière Richemont SA) has put out an alert that they are expecting to report an 80% increase in profit for the six (6) months that ended on Spetember 30, 2017. A full reporting is due out in just a few days, but we give you a breakdown of the information available now as well as a few other points to consider that are not being widely discussed. Don't know the brands that Richemont controls? Not to worry! We have you covered there as well.
The world of horology lost another great master watchmaker with the passing of Roger Dubuis on 10/14/17. Learn more about the man, his life, his work and how he influenced the watchmaking world.
Breitling has released their new Super Avenger 01 Boutique Edition in a numbered limited edition (NLE) of 100 pieces that features their B01 manufacture (in-house) automatic column wheel chronograph movement and is available only through one of their 60 wordwide boutiques.