It also has an extensive retail division, with more than 3,000 stores worldwide. The conglomerate owns dozens of brands in the liquor, cosmetics, fashion, and watches and jewelry businesses. LVMH Moët Hennessy Louis Vuitton SA is the largest luxury-goods group in the world. TAG Heuer, Bulgari, Hublot, Zenith, Dior, Fred, Chaumet, Louis Vuitton In fiscal 2014, it averaged 29,101 employees. Richemont is a publicly traded company and is based in Geneva.
A further 7 percent came from Montblanc, and Other Businesses made up 14 percent. Thanks principally to Cartier, 51 percent of Richemont’s revenue came from the Jewelry division. In fiscal 2014, the Specialist Watchmakers division made up 28 percent of all sales, with €2.99 billion ($3.86 billion). Net sales for fiscal 2014 (which ended March 31, 2014) totaled 10.65 billion euros ($13.77 billion). It markets 20 brands, 13 of which produce watches but by sales, it is predominantly a luxury watch group. Lange & Söhne, Jaeger-LeCoultre, Roger Dubuis, Piaget, IWC Schaffhausen, Officine Panerai, Ralph Lauren**, Baume & Mercier, Cartier, Van Cleef & Arpels, Montblanc, DunhillĬompagnie Financière Richemont SA is a leading player across a range of luxury products.
At the end of 2013, the group had 33,590 employees. over production of Tiffany brand watches consequently the Swatch Group no longer manufactures watches under this marque.Īccording to the 2013 annual report, the Swatch Group has 184 subsidiary companies. In 2014, the group won a lawsuit with Tiffany & Co. Not only does the purchase give the Swatch Group added strength in the jewelry category, which has been a minor part of the group’s business, it also gives the company greater access to the world diamond market. The Swatch Group made a notable acquisition in 2013 when it bought Harry Winston. Breguet is the most expensive among them, while Omega generates the most revenue and is the third-largest Swiss watch brand. The publicly traded company owns 18 watch brands spanning the entire price spectrum. Of the 8.46 billion Swiss francs ($9.04 billion) in net sales that it reported for 2013, SF8.17 billion ($8.74 billion) came from watches and jewelry. In the last several years, some important changes in the big groups’ holdings have occurred: Harry Winston joined the Swatch Group, Kering acquired Ulysse Nardin, and both Citizen Group and Citychamp have made inroads into the Swiss watch world.īreguet, Blancpain, Glashütte Original, Harry Winston, Jaquet Droz, Omega, Léon Hatot, Longines, Rado, Union Glashütte, Tissot, Calvin Klein, Balmain, Certina, Mido, Hamilton, Swatch, Flik Flakīased in Bienne, Switzerland, the Swatch Group is the largest watch company in the world.
Every so often the landscape of the watch industry shifts: a key brand gets sold to a major watch group and the balance of power changes ever so slightly.
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