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Max Verstappen of Netherlands, Oracle Red Bull Racing, portrait during the Formula 1 Rolex Australian Grand Prix of FIA Formula One World Championship from 30th of March to 2nd of April, 2023 on the Albert Park Circuit, in Melbourne, Australia. (Photo by Gongora/NurPhoto via Getty Images)
Retail
Rolex downturn? LVMH’s ‘smaller’ Swiss watch brand grapples with Rolex over $150 million Formula 1 sponsorship deal
By Andy Hoffman, Angelina Rascouet and BloombergJuly 24, 2024
Cartier's flagship store on Old Bond Street in London.
Finance
Cartier and Van Cleef & Arpels owner Richemont shines bright as sales climb—offsetting declines from China and luxury watches
By Andy Hoffman and BloombergJuly 16, 2024
A display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. Photographer: Jose Sarmento Matos/Bloomberg via Getty Images
Finance
Omega owner Swatch Group’s moment has passed as profits drop 70% in 6 months: ‘The big impact is really mainly China’
By Andy Hoffman and BloombergJuly 15, 2024
Swiss watch designer and manufacturer Rolex.
Retail
After a surge in pandemic profits, Rolex, Patek Philippe and Audemars Piguet face a significant downturn as sales slip—extending a two-year decline
By Andy Hoffman and BloombergJuly 11, 2024
Participants watches a showcase at the Rolex booth
Retail
U.K. luxury watch market has stabilized but top Rolex seller issues profit warning due to lack of ‘gold and other precious metal watches’
By Andy Hoffman and BloombergJune 27, 2024
Prices for the most recent version of the Rolex GMT Master II with a red and blue ceramic bezel, nicknamed the ‘Pepsi,’ rose 4.1% to about $21,000 over the past year.
Retail
Buying the wrong color watch could cost you thousands: These two Rolexes are diverging in price
By Andy Hoffman and BloombergJune 12, 2024
A Watches of Switzerland Group Plc store in London, UK.
Finance
Rolex seller Watches of Switzerland sees stock soar on strong U.S. sales—despite it being an ‘underdeveloped market’
By Andy Hoffman and BloombergMay 16, 2024
person seen walking outside a rolex store
Lifestyle
Secondhand watch prices have tanked—but luxury watches weren’t meant to be investments anyway, Rolex CEO says
By Prarthana PrakashApril 18, 2024
The Rolex GMT Master II with a ceramic blue and red bezel
Lifestyle
Rolex’s ‘Pepsi’ and ‘Starbucks’ outperform despite a halt in the luxury watch index
By Andy Hoffman and BloombergApril 10, 2024
Ilaria Resta, CEO of Swiss watchmaker Audemars Piguet
Newsletters
Gen Zers are fueling sales of Audemars Piguet’s $40,000 watches. They ‘went through lots of crises’ and long for ‘treasures of the past,’ its CEO says
By Peter Vanham and Aslesha MehtaMarch 26, 2024
Michael Schumacher of Germany and Mercedes GP
Retail
Michael Schumacher’s family puts eight watches up for sale, including his F.P. Journe timepiece which could fetch millions
By Andy Hoffman and BloombergMarch 20, 2024
Rolex posts a record $11.5bn in sales—more than its top 5 competitors combined, Morgan Stanley says: ‘No other luxury brand can claim such a dominant position’
Lifestyle
Rolex posts a record $11.5bn in sales—more than its top 5 competitors combined, Morgan Stanley says: ‘No other luxury brand can claim such a dominant position’
By Andy Hoffman and BloombergFebruary 29, 2024
Instagram watch influencer Anish Bhatt poses for a photo.
Success
Millennial ‘watchfluencer’ on how the ‘old boys’ club’ got disrupted by status-obsessed Gen Z: ‘A lot more people know what wearing a Patek Philippe says about you’
By Dylan SloanFebruary 3, 2024
Watches
Success
‘8 years ago, nobody was looking at watches on Instagram’: Sotheby’s sees generational shift in luxury sales up 40% since the pandemic
By Dylan SloanJanuary 29, 2024
people walking outside an IWC store
Retail
Cartier-owner Richemont’s earnings may show the bright spot that luxury companies have been waiting for—demand from Chinese shoppers
By Prarthana PrakashJanuary 19, 2024
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