The watch industry’s world number one enjoyed dynamic growth across all its price segments in 2017, a year considerably influenced by the strong progress of the Prestige and Luxury sector. With a number of new product launches slated for 2018, the group is starting the year in a confident mood.
In 2017, the Group’s consolidated revenues amounted to 5,549 million Euro, up +9% at constant exchange rates. After adjustment for the negative currency effect resulting from the year-end strengthening of the Euro, the increase was +7% at current exchange rates. This growth is particularly healthy as it is mainly based on an increase in volumes.
The Contemporary Art salon artgenève took place from January 31st to February 4th at Palexpo Geneva. The Prix Solo artgenève – F.P. Journe 2018 rewarded the best monographic exhibition presented by one of the 14 participating galleries. It was awarded to the Georges Philippe and Nathalie Vallois Gallery, Paris, for the Solo Show of Niki de Saint Phalle and Jacques Villeglé.
The Board of Directors of RJ-Romain Jerome announced the appointment of Marco Tedeschi to the position of CEO. Mr Tedeschi’s broad and solid experience, notably acquired over ten years spent with Hublot, represents a first-rate asset in steering the international development of the brand.
On February 1st 2018, Nathalie Marielloni took up the position of assistant curator of the Musée international d’horlogerie. She is succeeding Jean-Michel Piguet, living memory of the institution and a shrewd connoisseur of its collections, after rubbing shoulders with them for 40 years.
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.