Rolex winners, Swatch losers after Swiss luxury watch industry’s devastating year | SCMP

“Rolex was one of the least affected by the economic crunch last year, according to a report, while the Swatch Group posted its first loss since 1983.

Chinese luxury consumers created a surge in Swiss watch exports to mainland China after starting to shop locally, with demand strong for mid-price brands.”

Read the full articlel @ SCMP (paywall):

The Chinese Hon explains his plans for Eterna and Corum | NZZ

The NZZ article “The opaque plans of the Chinese with Swiss watches” has raised various questions in connection with the commitment of the Citychamp Group in Switzerland. Their majority shareholder Hon Kwok Lung comments on the article and reveals new plans.

@ NZZ | January 30, 2019

| Fortune Fountain Capital

Fortune Fountain Capital, through its affiliate, completed acquisition of 67% of the issued and outstanding shares in Antiquorum Management AG (AQM).  Established in Geneva in 1974, Antiquorum is the leading auction company focusing on luxury watches and  timepieces auction worldwide.

@ Fortune Fountain Capital | July, 2018