Swatch Group No Longer The Supermarket To The Watch Industry
High-end brands will be searching for alternative suppliers now that Swatch Group has decided to lower the watch part supplies to rival watchmakers. For decades Swatch has served as one of the main suppliers, providing as much as 80% of Swiss movements and their Nivarox arm, which dominated the market for oscillating parts and escapement (the heart of a watch’s mechanism).
Many of the brands at the Geneva watch fair said they are confident they would survive the groups decision, while others implied there would be tough times ahead. Some of the small exclusive brands will have no problem finding alternative suppliers because of the small quantities and high retail prices, others would have to make large investments and hire more employees to compensate for the shortage of parts.
READ THE FULL ARTICLE ON HAUTETIME.COM
Like Haute Time? Join our Facebook page or follow us on Twitter @hautetime
Related Articles
Beyond Beauty: Ariana Grillo and the Art of Building a Lasting Beauty Business
Ariana Grillo channels her aesthetic vision into distinctive, business-boosting design for independent brands.
Our Haute Guide to the Best Flip-Flops for Women and Men
Step into summer with our Haute guide to the best flip-flops for women and men, featuring stylish, comfortable, and versatile picks.
GucciCore Takes Over New York: Demna Brings Gucci to Times Square
Demna staged Gucci’s GucciCore show in Times Square on May 17, 2026—a New York homecoming and a new core wardrobe for the House.
The Peninsula New York Just Reminded Me What True Luxury Actually Is
Inside The Peninsula New York’s sweeping renovation, from redesigned suites to its the new Pen Top rooftop.
Ralph Lauren Becomes the First American Designer Highlighted in the Catwalk Book Series
Ralph Lauren Catwalk by Thames & Hudson lands May 7, 2026—the first American designer in the Catwalk series.
How PARAISO Continues to Elevate Miami as a Global Luxury Fashion Destination
Returning May 28-31, 2026 for its 22nd edition, PARAISO Miami Swim Week makes its strongest case yet for Miami Beach as a fashion capital in its own right. There are cities that host fashion, and there are cities that define it. For more than two decades, PARAISO Miami Swim Week has quietly — and then […]
Latest Stories
Trending Articles
Related Articles
Beyond Beauty: Ariana Grillo and the Art of Building a Lasting Beauty Business
Ariana Grillo channels her aesthetic vision into distinctive, business-boosting design for independent brands.
Our Haute Guide to the Best Flip-Flops for Women and Men
Step into summer with our Haute guide to the best flip-flops for women and men, featuring stylish, comfortable, and versatile picks.
GucciCore Takes Over New York: Demna Brings Gucci to Times Square
Demna staged Gucci’s GucciCore show in Times Square on May 17, 2026—a New York homecoming and a new core wardrobe for the House.
The Peninsula New York Just Reminded Me What True Luxury Actually Is
Inside The Peninsula New York’s sweeping renovation, from redesigned suites to its the new Pen Top rooftop.
Ralph Lauren Becomes the First American Designer Highlighted in the Catwalk Book Series
Ralph Lauren Catwalk by Thames & Hudson lands May 7, 2026—the first American designer in the Catwalk series.
How PARAISO Continues to Elevate Miami as a Global Luxury Fashion Destination
Returning May 28-31, 2026 for its 22nd edition, PARAISO Miami Swim Week makes its strongest case yet for Miami Beach as a fashion capital in its own right. There are cities that host fashion, and there are cities that define it. For more than two decades, PARAISO Miami Swim Week has quietly — and then […]
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events