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Luxury watchmakers face profit squeeze from stronger franc

Swiss luxury watchmakers who’ve weathered the rise of smartwatches, a pandemic and the highest inflation in decades say they’re worried about a new threat: the strong franc. The CEOs of mid-priced and entry-level brands including Oris, Doxa and Maurice Lacroix said margin gains won from price increases last year have…
United States Rolf Studer Jan Ed Patek Philippe Stefan Wermuth Bloomberg Jacques Cousteau

Maurice Lacroix x Thailand – 'That's what a drop makes'

Having recently announced its AIKON #tide initiative, Maurice Lacroix goes to Phuket and reveals to its Asian partners an array of activities such as beach cleaning, designed to make the Andaman Sea, off the coast of Thailand, a little cleaner. Moreover, the aim is to heighten awareness of how everyone can collectively contribute to sustainability. In Thailand, the brand’s activities include providing employment, longtail boats, warehousing and equipment in order to gather plastic waste. Moreo...
United States Koh Chang Thomas Schori Stephane Waser Chin Chinawut Chin Chinawat

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