SEOUL, Feb. 13 (Korea Bizwire) – Despite the prolonged economic downturn, sales of luxury watches once again soared last year. Hyundai Department Store said Sunday that sales of high-end watches have consistently increased in recent years, jumping by 16.3 percent in 2014 (year-on-year), 30.1 percent in 2015, and by 34.1 percent in 2016. The rise [...]
SEOUL, June 22 (Korea Bizwire) – North Korea has been unable to import luxury watches from Switzerland as the European country enforced tough sanctions on the reclusive country for its nuclear and long-range missile program, a U.S.-based media report said Wednesday. According to Radio Free Asia (RFA), North Korea’s Swiss watch imports fell to zero [...]
RICHARDSON, Texas, Nov. 13 (Korea Bizwire) — Fossil Group, Inc. (NASDAQ:FOSL) today announced that it has entered into a definitive agreement to acquire Misfit, Inc., an innovator in wearable technology and stylish connected devices. The acquisition will enable Fossil Group to expand its addressable market, offering consumers both traditional timepieces and fashionable connected accessories. Misfit [...]
Hong Kong, Sept 3, 2014 (Korea Bizwire) – The 33rd HKTDC Hong Kong Watch & Clock Fair, the largest event of its kind in the world, opened today with over 760 exhibitors from 19 countries and regions taking part. The fair, which runs from 3-7 September at the Hong Kong Convention and Exhibition Centre, is [...]