By Reuters Published August 4, 2025 Switzerland’s government will hold an extraordinary cabinet meeting on Monday to discuss its response to President Donald Trump’s 39% tariff on Swiss imports, which threatens to inflict heavy damage to its US-dependent luxury goods industry.Switzerland was left stunned on Friday after Trump hit the country with one of the…
By Bloomberg Published August 4, 2025 The Trump administration jolted Switzerland with punitive new tariffs. Few seemed to be more taken aback than buyers and sellers of Swiss watches. Oliver R. Müller, a luxury watch consultant based in Switzerland, was indignant at the blow that tariffs will likely inflict on the country’s watch industry, which…
By Reuters Published July 8, 2025 Swiss watch sellers in Lucerne have endured a tough three months since U.S. President Donald Trump piled pressure on the luxury business with the threat of hefty tariffs, reducing interest from tourists who flock to the city in part to shop for watches. Rolex logo on a building in…
By Bloomberg Published May 13, 2025 On Holding AG nudged its sales growth forecast higher after a robust first quarter that saw strong demand for the Swiss sneaker maker’s high-priced footwear in spite of growing uncertainty in the global economy. On The Roger Federer-backed company now sees 2025 revenue growing by at least 28% to…
Entrepreneur and TV pundit Gary Neville has joined the board of Norqain as the family-owned Swiss watchmaker prepares to launch in the UK. His appointment follows the former Manchester United and England footballer taking a “significant” but undisclosed investment in the watchmaker, with Neville expected to play an active role in the business’s UK strategy,…
Breitling has acquired Gallet, bringing back from relative obscurity the historic watch brand founded nearly two centuries ago, in 1826. Breitling acquires Gallet, reviving the legacy of the Swiss watchmaker – Breitling The move comes 15 months after Breitling acquired Universal Genève in late 2023, reinforcing Breitling’s drive to become a major player and influence…