To fly the flag for the Swiss watch industry around the world in honour of a watchmaking art that is respectful of tradition and focused on values of creative excellence and innovation, such is the mission of the Grand Prix d’Horlogerie de Genève (GPHG). This year, sixteen prizes were awarded by the international jury tasked with judging the 72 shortlisted timepieces.
At the end of September, the group’s consolidated revenue totalled 2,897.4 million Euros, a 12% rise at constant exchange rates. After adjusting for the negative impact of currencies, growth is 9%. In the third quarter, growth remained strong (+11% at constant exchange rates), particularly in the group’s stores.
At the beginning of November, Richemont published its results for the first half of the 2014-2015 financial year ending on 30 September. Over this six-month period, the group recorded a turnover of 5.43 billion Euros at current exchange rates, an increase of 2% (4% at constant exchange rates).
In the space of ten years, the progress made by this independent company has defeated all the pessimistic forecasts, beginning with the revelation in 2013 of its identity as the inventor of the chronograph with a piece dating back to 1816. That even led to the rewriting of a story which had been thought firmly established.
Swiss watches enjoy an unrivalled worldwide reputation.
The Swiss watch industry has decided to strengthen the criteria of the Swiss made label.
Buying or selling counterfeit products undermines know-how, finances organised crime, and threatens jobs and innovation.