Watch Brand IWC Opens New Factory, Expands Ecommerce

One America News Network | 8/27/2018 | Staff
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SCHAFFHAUSEN, Switzerland (Reuters) – Swiss watch brand IWC, owned by luxury goods group Richemont , inaugurated a new manufacturing site in its hometown of Schaffhausen as it gets ready to meet growing demand for its timepieces.

“We are very optimistic, you can see that in Swiss watch export figures,” Christoph Grainger-Herr told Reuters in an interview on the sidelines of the opening ceremony on Monday.

Asia - Pacific - US - Development

“Asia Pacific has recovered and the U.S. also shows a good development,” he said.

Swiss watch exports rose 10 percent in the first seven months of the year, driven by a 29 percent increase in their No.1 market, Hong Kong, that bounced back after a severe downturn.


IWC, which...
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