Profit triples at Cartier owner as UK sales rise Retail Profit has almost tripled at the UK arm of the luxury goods giant behind the likes of Cartier, Net-a-Porter and Montblanc, new results have revealed. Richemont UK has posted a pre-tax profit of £30m for the 12 months to 31 March, 2025, according to its latest accounts which have been filed with Companies House. The [...]
Breitling: UK sales slump by almost £20m at luxury watchmaker Retail Sales at the UK arm of luxury watch brand Breitling slumped by almost £20m during its latest financial year. The division of the Swiss watchmaker has reported a turnover of £57.9m for the 12 months to 31 March, 2025, according to new accounts filed with Companies House. That’s down from the £76.3m it achieved in [...]
Rolex: Property buys pay off as UK profit nears £100m Retail Profit at the UK arm of luxury watch brand Rolex jumped towards the £100m mark during its latest financial year thanks to a trio of investment properties. The London-headquartered division has reported a pre-tax profit of £96.2m for 2024, new accounts filed with Companies House have revealed. The total is up significantly from the £65.8m [...]
Richard Mille: Luxury Swiss watch brand’s sales tick past major milestone August 13, 2025 Sales at the Europe, Middle East and Africa arm of luxury Swiss watch brand Richard Mille have ticked past a major milestone as its growth streak continues. The London-headquartered division has posted a turnover of CHF 404.4m (£371.2m) for 2024, up from the CHF £378.7m it achieved in 2023. New accounts filed with Companies House [...]
Christian Dior: UK sales and profit slashed despite demand for watches and jewellery July 28, 2025 Sales and profit at the UK arm of Christian Dior have been slashed despite the uptick in demand for the luxury fashion brand’s watches and jewellery. The London-based division’s revenue fell from £32.4m to £280m in the year while its pre-tax profit was also cut from £46.6m to £27.6m over the same period. Its latest [...]
Christopher Ward: US sales surge for luxury watchmaker July 23, 2025 Sales at luxury watchmaker Christopher Ward jumped by 50 per cent in its latest financial year fuelled by huge growth in the US. The business, which was founded by Christopher Ward, Mike France and Peter Ellis in 2004, has posted a turnover of £45.3m for the year to 31 March, 2025, up from the £30.5m it achieved in [...]
Luxury watch crime ‘remains a threat’ but recovery rates improve July 22, 2025 The theft of luxury watches remains a significant risk for owners despite the rate of recovery jumping in the last year, according to new data. In the first six months of 2025, The Watch Register located 607 lost and stolen watches through its global database, a 26 per cent increase on the same period in [...]
Watches of Switzerland: Trump tariffs spark hike luxury timepiece prices July 3, 2025 Watches of Switzerland Group (WOSG) has warned scores of its products in America will see price increases due to Trump’s 10 per cent tariff on non-US goods. Its share price fell more than five per cent in early trades. The London-listed company, which sells luxury timepieces from Patek Philippe, Rolex, and Audemars Piguet – amongst [...]
Swiss watch exports plummet after tariff uncertainty hits sales June 19, 2025 Swiss watch exports fell significantly in May after anticipation of steep tariffs caused a downturn in the US market. Exports fell 9.5 versus May, according to new figures from the Federation of the Swiss Watch Industry (FH), reversing a recovery in sales that has been brewing since the start of the year. The market for [...]
Gary Neville joins Swiss watchmaker Norqain’s board ahead of UK launch March 25, 2025 Gary Neville has joined the board of Swiss watchmaker Norqain as it prepares to launch in the UK. The former Manchester United and England footballer now works as a TV pundit as well as having a portfolio of business interests. They include two hotels in Manchester as well as a property development company and hosting [...]