Il Richemont Group is a commercial reality that includes brands such as Cartier, A. Lange & Söhne, IWC, Jaeger-LeCoultre, Vacheron Constantin, Piaget e Panerai. Watchmaking companies of luxury of the most varied types, from the most conservative to the most fashionable, from elegant to sporty.
Analyze the financial health of large groups like Richemont o Swatch allows you to get an idea of how the watch market as a whole is moving.
Richemont Group: 2021 results
2021 was a year of recovery compared to the difficult 2019. The sectors where, according to the Richemont Group, the more the corporation shone, they were there jewelry store e fine watchmaking. In particular, the US market, with the European continent still below pre-pandemic restrictions.
Richemont Group: the comparison with Swatch
Both the Swatch Group the Richemont Group they make rather optimistic assessments about the future of luxury watchmaking. Excluding the typical emphasis of listed companies, which need to attract investors with promises of increasing profitability, it is quite clear that the luxury sector has on the whole handled the crisis well.
Luxury watches: future perspectives
The dynamics of the XNUMXs, when the Quartz Crisis brought about a collapse of luxury watchmaking as a whole, have taught luxury watchmaking companies to put hay on the farm during the periods of "fat cows" and to focus on the most prosperous markets. Collapses similar to those of the past will hardly be seen again.
