Pins matching place:Genève

Rolex said it will buy Bucherer, the world's largest watch retailer with more than 100 stores in seven countries, after owner Jörg Bucherer decided to sell with no heirs to take over the business.

Mytheresa closed its purchase of YOOX Net-a-Porter from Richemont, giving Richemont a 33% stake in Mytheresa in exchange, after signing the binding agreement in October 2024; the combined company was renamed LuxExperience.

Rolex increased recommended retail prices worldwide as 2026 began, by roughly 2.5% to nearly 6% depending on model and material, with gold references such as the yellow gold Daytona and Submariner rising by about 5.7-5.8%.

The watch industry's flagship fair, Watches and Wonders Geneva, opened its 2026 edition at Palexpo, running four trade days followed by a public weekend from 18 to 20 April.

Patek Philippe unveiled 20 new watches at Watches and Wonders Geneva 2026, headlined by the CHF 350,000 white-gold Ref. 6105G Celestial Sunrise/Sunset, its first wristwatch to show sunrise and sunset times adjustable for summer and winter time, alongside its first automaton wristwatch and four Nautilus 50th-anniversary pieces.

Phillips' Geneva Watch Auction XXIII totalled CHF 74,846,995 across 225 lots, the highest total for any watch auction in history, led by a Patek Philippe Ref. 2523 'Polychrome Two-Crown World Time' that sold for CHF 7,961,000.

Richemont's group sales rose to €22.4 billion, up 11% at constant exchange rates, with operating profit of €4.5 billion for the year ended 31 March 2026, led by its Jewellery Maisons Cartier and Van Cleef & Arpels.

Phillips will hold The Geneva Watch Auction: XXIV over two sessions on 7 and 8 November 2026 at the Hotel President Wilson, offering 221 lots led by a stainless-steel Patek Philippe Ref. 1436 split-seconds chronograph from 1945 estimated at up to CHF 4,000,000.

Richemont's corporate calendar lists 13 November 2026 for its interim results covering the six months to 30 September 2026, the next scheduled test of the group's growth after a strong FY26 and Q1 FY27.

Watches and Wonders Geneva announced its 2027 edition will run 5 to 11 April at Palexpo, adding new exhibitors Breitling, Gallet, Universal Genève and the Italian jeweller Damiani.