Watches And Wonders 2025: How To Fight A Recession [Forbes]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
Last year, exports fell by 2.8% compared to 2023, reported, which means that for many brands, including the most prestigious ones, the contraction was more severe. The pending tariffs just announced by Donald Trump, up to 31% on Swiss goods, threaten to make 2025 even more challenging, not only for direct U.S. sales but also through the wider global downturn they may trigger. So, for brands showcasing at the world's premier professional watch fair — also open to the public for its final days —, the stakes were high: how do you please collectors, entice a large majority of customers to buy perhaps a second watch, and win over first-time buyers? And the real question in everybody's mind, including at LVMH which just appointed one of its veterans to run its Watches Division, an indication of tougher times, will there be enough space for all these brands going forward? Insiders told me at the fair that consolidation is inevitable. Is the industry rising to the occasion? Not quite. Of
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