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692 articles · 4 videos found · page 22 of 24

Business News: Swatch Group Annual Profit Falls with Hong Kong Slowdown SJX Watches
Longines just announced Jan 30, 2020

Business News: Swatch Group Annual Profit Falls with Hong Kong Slowdown

Hong Kong’s political unrest has resulted in the first fall in annual profits at the Swatch Group since 2018. The world’s biggest watchmaking group, which owns brands like Omega and Longines, just announced its 2019 results, showing declines in both sales and profits. Net profit fell 13.7%, while sales declined 1.8% at constant exchange rates, or 2.7% at current rates, to 8.24 billion francs. The drops in profit and sales were primarily due to a drastic contraction of its business in Hong Kong – a city with a population of just 7.4 million – where Swatch Group owns over 90 retail stores, largely catering to shoppers from the China. Sales in Hong Kong for the second half of 2019 fell by 200 million francs. While Hong Kong was the key driver of the decline, it was not the only one. The luxury watch business in general is suffering from anaemic growth, which is also evidenced by the watch division results at diversified luxury groups like LVMH and Kering. On a more positive note, Swatch Group has managed to fulfil its stated aims of reducing operating expenditure and thinning inventory. Operating expenses dipped about 6%, while operating cash flow rose 30% in 2019. And after several consecutive years of growth, the group’s inventories declined by 1% in 2019, to a still-substantial 6.85 billion francs at cost. It’ll be a slow 2020… With Swatch Group predicting the situation in Hong Kong will continue to be “challenging” in 2020, it is in a weaker positio...

Forget the Rolex Daytona on Antiques Roadshow, here are three watches to stash in your safe now Time+Tide
Rolex Daytona Jan 29, 2020

Forget the Rolex Daytona on Antiques Roadshow, here are three watches to stash in your safe now

If you’re reading this, then chances are you’ve already seen the amazing video on America’s Antiques Roadshow of a US Air Force veteran and his mint Rolex Daytona Ref.6263. If not, stop reading this and watch the below video right now: I think we can all agree … this is a pretty staggering video. And it … ContinuedThe post Forget the Rolex Daytona on Antiques Roadshow, here are three watches to stash in your safe now appeared first on Time+Tide Watches.

Taking flight with the Breguet Type XX, XXI and XXII Time+Tide
Breguet Type XX XXI Nov 6, 2019

Taking flight with the Breguet Type XX, XXI and XXII

Initially created for the French Ministry of Defence for the French Air Force, the Breguet Type XX, XXI and XXII are timekeeping devices steeped in the history of aviation-specific wristwatches. First released in 1954, the Type XX was the first aviation watch ever created by the storied Swiss watchmaker, who specifically produced the timepiece at … ContinuedThe post Taking flight with the Breguet Type XX, XXI and XXII appeared first on Time+Tide Watches.

Christopher Ward Introduces the Military Collection SJX Watches
Christopher Ward Introduces Oct 18, 2019

Christopher Ward Introduces the Military Collection

Founded in 2004 and selling its watches solely online, Christopher Ward has done some interesting watches at affordable prices, most notably the hand-wound, mono-pusher chronograph of 2017. But its latest is more straightforward: a range of watches inspired by vintage British military-issue timepieces. Unusally, the new models are licensed by the British Ministry of Defence to bear “the insignia of the Royal Navy, British Army and Royal Air Force” for public sale. While not actual military-issue watches, the line draws on well-known watches once supplied to the arms of the British armed forces, with the army and air force models managing to best capture the look of the originals. Christopher Ward, admirably, cites the exact vintage inspiration for each of the new watches, so the new dive watch, for instance, is loosely based on the Omega Seamaster 300 supplied to the Royal Navy. All three new watches have a “glass box” sapphire crystal, and are powered by a COSC-certified Sellita SW200, a robust and cost-efficient automatic movement. Each model is named after the respective training academy for the service arm, starting with the C65 Dartmouth. It’s named after Britannia Royal Naval College, which sits beside the port of Dartmouth in southern England. The case is steel, 41mm, and rated to 150m. According to the brand, it is modelled on the Omega Seamaster 300 “Big Triangle”, a specific type of the dive watch that Omega supplied to the Royal Navy...

VIDEO: 3 watches that prove Montblanc’s Heritage collection is looking to the future  Time+Tide
Montblanc s Heritage collection Sep 18, 2019

VIDEO: 3 watches that prove Montblanc’s Heritage collection is looking to the future 

Ever since Davide Cerrato took the helm at Montblanc’s watch department, it’s as if the turbo-booster was suddenly turned on. The watches, which were solid before, now have a clarity and a cohesion that makes them a strong option and a force to be reckoned with. Case in point, their 2019 heritage releases …  The … ContinuedThe post VIDEO: 3 watches that prove Montblanc’s Heritage collection is looking to the future  appeared first on Time+Tide Watches.

Business News: Richemont and Swatch Results; Massive Inventories at Swatch SJX Watches
Vacheron Constantin saw overall sales dip Jul 18, 2019

Business News: Richemont and Swatch Results; Massive Inventories at Swatch

Swiss watchmaking groups Richemont and Swatch Group just announced their first quarter and six-month results for 2019 respectively, with each going in opposite directions. Owner of brands like Cartier, IWC and Panerai, Richemont saw growth across most segments and regions. Overall sales were up 12% at constant exchange rates, with every region growing in the low teens save for the Middle East and Africa. Sales in Asia grew 10%, led by China, where demand is up due to lower taxes locally on luxury goods and more stringent checks on travellers importing items bought overseas. Most notable was the performance of its online channels, namely luxury fashion mall Yoox Net-a-Porter (YNAP), pre-owned watch merchant Watchfinder, and to a lesser extent. That growth is from a low base of comparison: last year’s first quarter for each platform was only two and one month respectively. That being said, online sales are still substantial, rising to 50% to €648m, almost equal to the €698m of sales in the Americas as a whole. The group’s watchmaking brands, which include A. Lange & Söhne and Vacheron Constantin, saw overall sales dip 2%. This was attributed to a reduction in the number of sales channels as well as reduced orders of new product by retailers. Up in Biel, where the Swatch Group has its headquarters, half-year sales were down 3.7% at constant exchange rates, to 4.07 billion Swiss francs. Net profit followed suit, shrinking 11.3% to 415m francs. For the full year, howe...

Breguet Introduces the Type 20 for Only Watch 2019 SJX Watches
Breguet Introduces Jul 4, 2019

Breguet Introduces the Type 20 for Only Watch 2019

Among vintage military watches, some are more interesting and significant than others. They include the IWC Mark 11 and Rolex “Milsub”,  and also the early Type 20 chronographs made by Breguet for the French air force and navy in the 1950s. Breguet has revived the first-generation, military-issue Type 20 for Only Watch 2019. The one of a kind remake is faithful not just in terms of dimensions and aesthetics, but also the movement. Instead of a modern calibre, it is powered by a refurbished, vintage Valjoux 235 movement, just like the original. Breguet Type 20 “Only Watch” And a bit of nomenclature explanation before proceeding: “Type 20” refers to a French military specification for pilot’s chronographs, which refers to the original, military-issue watches. Watches produced for the civilian market, including the modern day models, are identified by the model name in Roman numerals – Type XX. The origins After WWII, Breguet was one of several watchmakers, including Mathey-Tissot, Airain, Vixa, Auricoste, and Dodane, that supplied Type 20 chronographs to the French Air Force and Naval Air Force. While the actual Type 20 specification has been lost, the general consensus is that it called for a watch a prominent seconds track, a 38mm-ish case with a screw-in back and thickness of not more than 14mm, accuracy of within eight seconds a day, and most crucially, a flyback chronograph with a start-stop function that would work reliably at least 300 ti...

NEWS: Jaeger-LeCoultre now offers an 8-year warranty, the longest of all major brands Time+Tide
Jaeger-LeCoultre now offers May 7, 2019

NEWS: Jaeger-LeCoultre now offers an 8-year warranty, the longest of all major brands

Even though the fine watch business might seem like a perpetual, slow-moving beast, it is one of constant, consistent progress. And as the mechanical movements improve and add things like silicon into the mix, it becomes obvious that they’re built to last longer than ever.  The other side of that coin is a longer warranty … ContinuedThe post NEWS: Jaeger-LeCoultre now offers an 8-year warranty, the longest of all major brands appeared first on Time+Tide Watches.

VIDEO: Panerai’s Submersible Marina Militare Carbotech, the PAM00979 Time+Tide
Panerai s Submersible Marina Militare Jan 19, 2019

VIDEO: Panerai’s Submersible Marina Militare Carbotech, the PAM00979

In recent years, Panerai has made some lateral moves, with watches like the more land-based Due. But for SIHH 2019, one of the original dive watch brands was underwater in full force. Their collection was chock-full of Submersibles (which is now a distinct line of its own). Panerai’s Marina Militare watches pay tribute to the … ContinuedThe post VIDEO: Panerai’s Submersible Marina Militare Carbotech, the PAM00979 appeared first on Time+Tide Watches.

NEWS: Chanel steps up their in-house watchmaking capacity with investment in new factory Time+Tide
F.P. Journe Jan 8, 2019

NEWS: Chanel steps up their in-house watchmaking capacity with investment in new factory

I’ve been saying for a while now that Chanel are a force to watch when it comes to serious watchmaking. Their recent high-end movements are impressive, to say the least. They’re already investors in Romain Gauthier, and - more recently - F.P. Journe. The latest step in Chanel’s increasing in-house journey is their acquisition of … ContinuedThe post NEWS: Chanel steps up their in-house watchmaking capacity with investment in new factory appeared first on Time+Tide Watches.

INSIGHT: Omega’s watchmaking in the modern age Time+Tide
Omega s watchmaking Nov 20, 2018

INSIGHT: Omega’s watchmaking in the modern age

In the constant cycle of new releases, it’s easy to lose sight of the fact that watches are machines built to last for generations - with a little regular care and love. And while you and I might be there obsessing over the year’s hottest release, or wondering what’s coming next, Omega takes a longer … ContinuedThe post INSIGHT: Omega’s watchmaking in the modern age appeared first on Time+Tide Watches.

The new Luminox ICE-SAR Arctic 1000 Series Deployant
Luminox Oct 27, 2018

The new Luminox ICE-SAR Arctic 1000 Series

Luminox has a long history of working with heroes. The Icelandic Association for Search and Rescue (ICE- SAR) was founded in 1928 due to Iceland’s extreme weather conditions and lack of a professional army. The first group of volunteers created this proud tradition and today, ICE-SAR has 93 teams and a force of over 8,000 volunteers, passionately driving accident prevention and Search and Rescue programs in Iceland to battle with Mother Nature.

LIST: 5 of the best watches from the good old U S of A  Time+Tide
Aug 10, 2018

LIST: 5 of the best watches from the good old U S of A 

It might surprise you to know that in the first half of the last century, America was regarded as the force to be reckoned with when it came to watches - especially modern, efficient and mass-produced watches. But now, with great legacy brands like Waltham and Illinois consigned to the scrapheap of history, while others, … ContinuedThe post LIST: 5 of the best watches from the good old U S of A  appeared first on Time+Tide Watches.

Spotted! By AG: Dispatch 9, April 2018 -  the Baselworld edition Time+Tide
Apr 28, 2018

Spotted! By AG: Dispatch 9, April 2018 -  the Baselworld edition

Wow, what a whirlwind past month. The Time + Tide team again found themselves in the centre of the madness that is Baselworld. This year the fair might’ve been smaller, but we were there in full force, all nine of us. In between what felt like never-ending appointments, I managed to do some spotting. Here’s … ContinuedThe post Spotted! By AG: Dispatch 9, April 2018 – the Baselworld edition appeared first on Time+Tide Watches.

INTRODUCING: The TAG Heuer Autavia Jo Siffert Collector’s Edition, made in collaboration with Calibre 11 Time+Tide
TAG Heuer Autavia Jo Siffert Collector’s Feb 21, 2018

INTRODUCING: The TAG Heuer Autavia Jo Siffert Collector’s Edition, made in collaboration with Calibre 11

Before we talk about the watch, some backstory. Calibre 11 has been one of the leading TAG Heuer resources since 2009, and the driving force behind the site is David Chalmers. A quick search of my email archive tells me that I’ve known David since 2011, and I’ve always been impressed not only by his … ContinuedThe post INTRODUCING: The TAG Heuer Autavia Jo Siffert Collector’s Edition, made in collaboration with Calibre 11 appeared first on Time+Tide Watches.

Ep. #23 - Baselworld 2017 Press Day & The Ones That Got Away Two Broke Watch Snobs
Rolex Sea-Dweller has Apr 1, 2017

Ep. #23 - Baselworld 2017 Press Day & The Ones That Got Away

Mike and Kaz talk shop with some of the early Baselworld 2017 releases that've been coming out... surprisingly they're quite excited about a few of them! In particular Kaz is super into the new rederique Constant Flyback Chronograph Manufacture - so much so that he even chokes on his thin mints (you heard me). On the flip side, the newest Rolex Sea-Dweller has the snobs perplexed as hell.

TEAM PICK: Andrew McUtchen’s favourite stories of 2016 Time+Tide
Dec 31, 2016

TEAM PICK: Andrew McUtchen’s favourite stories of 2016

I don’t always do what I’m told, which frustrates my team. I was asked to supply three favourite stories of the year. I supplied seven. “Please, only three,” said Ceri. I met her in the middle and supplied five. Which has now, through sheer force of consistency – you can always get me on consistency … ContinuedThe post TEAM PICK: Andrew McUtchen’s favourite stories of 2016 appeared first on Time+Tide Watches.

INTERVIEW: Chad and Chase McQueen on family, legacy and TAG Heuer Time+Tide
TAG Heuer Dec 6, 2016

INTERVIEW: Chad and Chase McQueen on family, legacy and TAG Heuer

A few weeks ago, on a wet and gloomy morning, I made my way to the 2016 Motorclassica, held at Melbourne’s Royal Exhibition Building – jostling through the crowds of people who were out in force despite the rain to see a superb assortment of new and vintage cars and motorcycles. They may have been … ContinuedThe post INTERVIEW: Chad and Chase McQueen on family, legacy and TAG Heuer appeared first on Time+Tide Watches.

Review: Montblanc TimeWalker ExoTourbillon Minute Chronograph LE100 Deployant
Montblanc TimeWalker ExoTourbillon Minute Chronograph Dec 17, 2015

Review: Montblanc TimeWalker ExoTourbillon Minute Chronograph LE100

Just last week, Montblanc gave us a pre-SIHH glimpse of the TimeWalker ExoTourbillon Minute Chronograph LE100. Truth be told, we are once again impressed with their lineup. Although not an entirely new model, this redesigned limited edition ExoTourbillon reminds us that Montblanc is a force to be reckoned with. It’s no longer just ‘that pen brand’. TheRead More