The watch industry heavyweight raked in billions as its market share grew by just over 30 percent.
Who Needs a Train? Orient Express Superyachts Could Be Coming to the High Seasraked in 10.1 billion Swiss francs for the first time in 2023. It achieved the historic amount as its retail market share grew by just over 30 percent due to ongoing demand from well-heeled clients. The billion-dollar total represents an 11 percent gain from 2022, according to the bank analysts and Swiss firm LuxeConsult callingThis One-of-a-Kind F.P.
The watch industry heavyweight reportedly produced 1.24 million watches last year, many of which included popular references like its Daytona, Submariner, and Datejust models. It also achieved greater sales thancombined. “No other luxury brand can claim such a dominant position in its respective sector,” analysts led by Morgan Stanley Edouard Aubin and LuxeConsult Olivier Müller say in the report. , placed second in 2023’s top five watchmaker lineup, achieving 3.1 billion CHF in sales.
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