The Swiss watch industry was confronted with a challenging situation throughout the first half. The downturn reported at the end of 2015 worsened with many factors adversely impacting the progress of business. The Hong Kong market failed to recover; this had a preponderant impact on the overall result. The overpriced Swiss franc, insecurity linked to terrorism and changes reported in tourist flows also penalised demand for Swiss watches.
At the beginning of June, Chronoswiss took part for the first time in the Kitzbühel Alpine Rally. This event, which each year brings together around 200 vintage car enthusiasts, leads participants along alpine roads of the Tyrol and Salzburg region, with a grand finale in the streets of Kitzbühel.
The Employers’ Federation of the Watch and Microtechnology Industries (Association Patronale de l’Horlogerie et de la Microtechnique, APHM) celebrated its centenary on 20 June, day of its creation a century ago. A major player in the watch industry, the Bienne-based institution serves its members and vigorously supports professional training.
In early May, H. Moser & Cie hosted the General Meeting for members of the Swiss Rolls-Royce Enthusiasts’ Club at Charlottenfels manor in Schaffhouse. The ninety guests retraced the history of the Manufacture and admired some creations on a visit to the Moser family museum.
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.