Luxury Watch News

Recent industry report about Luxury Watch company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Luxury Watch Market industry experts.

Luxury Watch News

  • December 2022: Bucherer, one of the leading luxury goods companies, acquired Klarlund, a leading Danish watch and jewelry retailer. As per the company statement, this acquisition will aid Klarlund in establishing itself as a leading company for watch enthusiasts in Denmark.
  • October 2022: Luxury watch retailer Ethos Limited announced its plans to open 30-35 new stores in India over the next three years. The company aims to expand its retail network owing to the increasing demand for the luxury watch segment in the country.
  • June 2021: Tudor introduced the 'mid-sized' Black Bay 58 collection, including the Black Bay Fifty-Eight Bronze. The 200-meter water-resistant watch is secured to the wrist by a matching bronze bracelet fitted with the Tudor 'T-fit' rapid adjustment system, which allows the wearer to adjust the clasp in five positions, across 8 mm, with no additional tools necessary. The Tudor Black Bay Fifty-Eight Bronze is available now via Tudor and its authorized boutiques on a non-limited basis.
  • April 2021: Hermes launched a new men's watch collection called Hermes H08. The collection has five distinct 39 mm references, with four in titanium and one piece with a graphene-filled composite case. The cushion-shaped collection has a sporting-inspired design that mingles taut and flowing lines, while the circular dials are framed by a case with softened edges.
download-icon Get full market coverage in this industry
Download Sample
  • July 2022: A new jewelry brand was launched in Brazil. The new Brazilian jewelry line is called BC & Co. The jewelry line launch included 100 pieces of jewelry as an experiment. The BC & Co. brand jewelry was claimed to be 18K gold and anti-allergenic, with stones sourced from Brazil.
  • March 2021: JTV, a jewelry retailer and broadcast network, launched its new Artisan Collection in Brazil, encompassing the features of eclectic jewelry influenced by Brazil. This collection was made available for purchase through its retail stores and e-commerce platform.
  • March 2021: Nirwaana, the premium online jewelry store, launched its new couple-coordinated collection called 'I STILL DO.' The brand seeks to provide a pleasant experience for online jewelry shopping, encompassing a blend of art, culture, design, and trends rolled into an exquisite range of pure silver/semi-precious stones costume jewelry.
  • In September 2022, at 706 Madison Avenue in the tony shopping corridor of New York, Hermès opened one of its largest flagship stores in the world.
  • In July 2022, Louis Vuitton opened the doors of its first-ever men's store in California. With this opening, Louis Vuitton now has eight stand-alone men's stores in the country.
  • In March 2022, Kering Eyewear planned to acquire the United States eyewear brand Maui Jim. Kering Eyewear has signed an agreement to acquire Maui Jim, Inc., founded in 1987 in Hawaii. Maui Jim is the world's largest independent sunglasses brand.
  • December 2022: Bucherer, one of the leading luxury goods companies, acquired Klarlund, a leading Danish watch and jewelry retailer. As per the company statement, this acquisition will aid Klarlund in establishing itself as a leading company for watch enthusiasts in Denmark.
  • October 2022: Luxury watch retailer Ethos Limited announced its plans to open 30-35 new stores in India over the next three years. The company aims to expand its retail network owing to the increasing demand for the luxury watch segment in the country.
  • June 2021: Tudor introduced the 'mid-sized' Black Bay 58 collection, including the Black Bay Fifty-Eight Bronze. The 200-meter water-resistant watch is secured to the wrist by a matching bronze bracelet fitted with the Tudor 'T-fit' rapid adjustment system, which allows the wearer to adjust the clasp in five positions, across 8 mm, with no additional tools necessary. The Tudor Black Bay Fifty-Eight Bronze is available now via Tudor and its authorized boutiques on a non-limited basis.
  • April 2021: Hermes launched a new men's watch collection called Hermes H08. The collection has five distinct 39 mm references, with four in titanium and one piece with a graphene-filled composite case. The cushion-shaped collection has a sporting-inspired design that mingles taut and flowing lines, while the circular dials are framed by a case with softened edges.
  • February 2022: Wedze, the winter-sports brand of French giant Decathlon, partnered with Belgian innovator Resortecs to launch a fully recyclable ski jacket using the start-up's design-for-disassembly technology. Different from normal ski jackets, which are extremely difficult to recycle due to their complex material composition, this flagship is made of 63% recycled polyester, and 23% of the fabrics are dyed using dope dyeing - one of the most water-efficient dying techniques.
  • September 2021: Sustainable skiwear retailer EcoSki launched EcoSki Rental, Europe's first contemporary online skiwear rental service, in collaboration with rental giant MY WARDROBE HQ. Powered by MY VENTURES, the technology service recently launched by MY WARDROBE HQ, EcoSki Rental offers a practical, cost-effective solution for skiers wanting high-quality kits without the high-end price tag. The carefully curated range of kits includes everything from jackets, pants, helmets, and goggles to socks, baselayers, gloves, beanies, and avalanche equipment.
  • October 2023: Sigmatex extended its partnership with CCM Hockey for more than 5-years. The company claims this partnership resulted in CCM as the official outfitter of the American Hockey League, the Canadian Hockey League, and various NCAA and National teams.
  • October 2022: Bauer was set to release a stick under a new line called the AG5NT. The AG5NT is the lightest and quickest-release stick Bauer. Bauer focused on optimizing the stick's weight and durability. The Senior model weighs 335 g, 40 g more lightweight than the Hyperlite, and 30 g lighter than the Sync. This lighter build improved the stick's feel and increased the release speed.
  • July 2022: Bauer expanded the Vapor line with a full array of Hyperlite protective gear in 2022. With three price points in the new Vapor gloves and Hyperlite models for shoulder pads, elbow pads, shin guards, and pants, players can experience the Hyperlite line's combination of super-lightweight feel and elite-level performance across their entire protective kit. These gloves feature a variety of Pro Lite Tex material with cable mesh, the new Defense Cloud Tech foam on the backhand, and a molded Shocklite backhand plate. These materials combine for a 25% lighter weight than the previous generation's.
  • September 2023: Cat Footwear introduced the Invader Mid Vent, showcasing a range of innovative features. The Invader Mid Vent is equipped with a ReViveTech Engineered Comfort footbed, a 100% Post Industrial Recycled Lining featuring an NXT footbed cover, a durable EVA midsole, a robust nylon shank, a composite toe for added protection, and a rugged industrial-grade rubber outsole.
  • October 2022: Xena Workwear unveiled the Valence SD shoe, a Chelsea boot designed for dissipative purposes. This shoe comes with elastic side panels on both sides for ease of wear. It is available in two variants: one crafted from LWG Certified leather in a rich chestnut shade, and the other using vegan leather in a stylish onyx hue.
  • August 2022: Mallcom India, a leading integrated manufacturer of head-to-toe personal protection equipment based in India, expanded its product range by introducing aesthetically designed safety shoes under the brand name FREDDIE. Mallcom India's FREDDIE shoe collection is dedicated to safeguarding workers in various hazardous work environments.
  • In November 2022, according to a statement by the Saudi Arabian Football Federation (SAFF), from the beginning of 2023, the nation's national football teams will receive their kit supplies from German sportswear giant Adidas rather than Nike. Adidas becomes the SAFF's only provider of all training and match apparel, including for the men's, women's, and junior teams, under the terms of the agreement, which extends until 2026.
  • In March 2022, Puma extended its partnership with the international motor racing championship for female drivers, W Series, to provide high-performance and flame-retardant racewear for female drivers.
  • In June 2021, Puma India extended its partnership with Indian cricketer Yuvraj Singh. He is now the face of the Puma Motorsport collection in India.
  • September 2022: Philip Morris announced that its United Tobacco Co. (UTC) subsidiary would begin manufacturing its products for the Egyptian market. Philip Morris' cigarettes will continue to be manufactured by Eastern Co. until its production stock is depleted.
  • June 2022: Philip Morris, as part of a deal with the Egyptian government, paid about USD 450 million to obtain a new license to manufacture traditional and electronic cigarettes in Egypt.
  • December 2021: Eastern Company and Al-Mansour International Distribution Company signed a distribution agreement to manufacture Davidoff Evolve cigarettes. It is owned and distributed by Imperial Brands, which Al-Mansour has represented in Egypt for many years.
  • June 2021: USA Field Hockey officially launched the USA Field Hockey Equipment store, an online store that provides entry-level and modified equipment packages to make field hockey more accessible and affordable.
  • May 2021: Ritual Hockey announced its partnership with Clubhouse Hockey. The purpose of this partnership was to fill the gaps in the market with the help of Clubhouse Hockey's resources.
  • June 2020: Ritual Hockey introduced a NEW Plus + head shape hockey stick across all origins of both the Velocity and Ultra molds. The Plus + head shape is the same length as the Standard head shape but the company has squared the corners to increase the surface area, resulting in a 20% bigger toe end.
  • July 2023: Louis Vuitton launched the Taurillon Monogram collection on the Echoing Maison runway. The collection included the Christopher backpacks, the slim Sac Plat mini, and the Keepall25.
  • April 2023: Samsonite launched a Luggage Trade-In campaign offer, supporting its commitment to sustainability. The company, with its local partners WWF Philippines and Envirotech, called for trade-ins of any brand or size and offered up to 35 percent off on Samsonite's Oc2Lite and Niarmodels.
  • August 2022: Samsonite introduced a new line of luggage, "Magnum Eco," made from yogurt cups and plastic bottles. The lining of this new line of luggage is made from plastic mineral water bottles that have been converted into the exterior of hard-side cases.

Luxury Watch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)