Benjamin Franklin knew it, resourceful investors hope so: time is money! More and more people expect rich returns from luxury watches. We explain how and when an investment can pay off.
Barack Obama and Victoria Beckham swear by it, as do Roger Federer, Jennifer Aniston and many other stars. After all, the brand stands for real wrist quality, for precision and excellence. The company employs 14,000 people, of which 2,000 are in 100 different occupations at the Biel plant alone. According to the most recent estimate by Morgan Stanley and LuxeConsult, the company’s turnover in 2022 was 9.3 billion francs, or 9.42 billion euros. A quarter of global luxury watch sales wear the “gold crown.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
