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BBCNEWS World Business Report June 4, 2024 04:30:00

Live from london, this is bbc news the bank of england expects a significant fall in prices in the uk the latest inflation numbers are out in a few hours will they be proved wrong ain? 39 when is tourism too much for a city? barcelona is an extremely popular destination presenting many challenges for local residents. we have a special report. plus the watch that fetched $5 million at auction we talk to the boss of the company that is making a mint out of selling luxury timepieces. time now for the top business stories. ....

Bank Of England , Bbc News , Inflation Numbers , Special Report , 5 Million , Business Stories ,

BBCNEWS World Business Report June 4, 2024 04:44:00

This is bbc world news. it s long been predicted time might be running out for the luxury watch sector, as more people use their phones to find the time. but actually, the luxury watch market has been buoyant in the post lockdown era. according to a recent report from the boston consulting group, the luxury watch market will reach $100 billion before 2026. swiss watchmakers had their best year ever in 2022, with the value of exports nudging $25 billion for the first time. watches and wonders geneva is the fashion week of the watch industry and opened this week with watchmakers unveiling new timepieces. but as growth slows in the us, can the industry sustain the boom? joining me now is brian duffy, ceo, watches of switzerland. tell us about the boom, what is sustaining the luxury watch market? it ....

Bbc World News , Swatch Market , Boston Consulting Group , Fashion Week , Swiss Watchmakers , 25 Billion , 100 Billion , 00 Billion , 5 Billion , Brian Duffy , Growth Slows ,

BBCNEWS World Business Report June 4, 2024 04:45:00

Sustaining the luxury watch market? , ., ., , market? it is a unique category of product. market? it is a unique category of product. it market? it is a unique category of product, it is market? it is a unique category of product, it is a of product, it is a concentration in switzerland which means the industry is very well controlled, a focus on but timepieces are aspirational, it will be a family heirloom, it is one that celebrates major events in your life, and it has always been so. they have been around since the 17th century and last year was the best year ever for the industry, it continues to grow. we are in no cost of living crisis around the world post covid 19, who is finding the money, tens of thousands of dollars for some of these watches? dollars for some of these watches? , , ., . ., watches? oh, yes and much more, we saw products watches? oh, yes and much more, we saw products yesterday - watches? oh, yes and much more, we saw products yesterday with - we saw ....

Swatch Market , Hit Market , Family Heirloom , Covid 19 , Tens Of Thousands , 1 Million ,