Baselworld2019: New innovations for luxury

It is spring time in Baselworld2019. This year will mark the fairs even more towards innovations and creativity. The global number one place for luxury watches and jewellery is also presenting the best of new innovations but with traditional expertise and knowhow.

The Swiss Watch Industry itself recorded last year a 6,3 % increase in exports and the total turnover was 21,2 billion Swiss francs. So luxury industry matters and it is an essential part of the country’s gross domestic product.

ComteamPUB+ will share with you the best innovations and trends from Baselworld.

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Luxury watchmaker Patek Philippe for sale?

 

According to Bloomberg news, the Swiss luxury watchmaker Patek Philippe may be for sale. This 180 year old luxury watch company is valued between 7-9 billion euros by market analysts and it is one of the last biggest independent brands.

Patek Philippe is owned by Stern family and it is one of the innovative brands in the industry still. In 1845 the company patented the keyless winding and hand-setting system. In 1916 Patek Philippe made the first ladies´wristwatch with a five-minute repeater. In 2018 the company introduced the twenty-4 collection for ladies.

The company CEO Thierry Stern said in the Financial Times interview in 2013 that  they aim to keep the production at 50.000 pieces a year in order to keep the quality in the watches. The company headquarter is in Geneva, Switzerland.

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Highlights of the year 2018 – Brexit, trade talks and green finance

The year 2018 was a year of Brexit, electric cars and trade talks. It included special moments in the financial markets and in the company side. Green Bonds and Green Finance were getting more attention in the markets and trade talks and Brexit were the topics during the year 2018 along. Climate Change and low carbon landed also in the agenda of central banks.

Investors were also asking what is the role of the City as a global financial hub. Should it have its own rules in spite of the Brexit? In the financial hub competition, Frankfurt and Paris were the European cities to get more new financial offices as financial companies were moving some operations to the EU side.

The UK Parliament is expected to vote of the Brexit during Janury 2019 after very intensive debate about the deal during the year.

Climate Change has become part of the everyday life in the financial markets and for example one of the biggest insurance companies in the US, Berskhire Hathaway informed in February 2018, that it has got 3 billion dollars losses of the natural catastrophies, the hurricances in the US. Several central banks, including the European Central Bank and some Asian ones, have also agreed about the co-operation in the climate issues and how to monitor the impact on the markets.

In the tech-side augmented reality and ioT were the themes for the year. Apple, Amazon, Google, Tesla, Intel  and Samsung  were one of the tech-companies to deliver new services related to the new technology. On the other side of the topic, Facebook was dealing with the privacy issues globally. New tech- companies listed in the markets were for example Spotify and Xiaomi.

Year 2018 was a year of electric cars in many countries. The e-cars breakthrough with charging issues was one of the tech topics as well. Telsa founder Elon Musk was the leading industry sector figure as he estimated that Tesla would make one million cars by 2020 in February 2018.

Also the German automakers announced new investments and concept cars. For example the BMW Group launched an autonomous driving campus in Munich in March 2018.

Year 2018 was also a year for luxury goods and services. The Basel World 2018 -fair announced its good selling and for example the CEO of Hublot, Ricardo Guadalupe,  told ComteamPUB+ that the company expects double digit growth for the year and that the Chinese customers will be the leading segment.

In the debt markets the US Uber and Netflix issued their junk bonds to investors. Uber, the ride-sharing company, is said to plan an IPO for the year 2019 according to the secret filings to the SEC.

One of the biggest infrastructure projects ever, the China Silk Road, is getting more attention from the green investors side, while the organization made its first announcement of the green principles for the project co-operation and operators. The ancient Silk Road is expected to rise the GDP growth by 4 % or 240 billion dollars in the countries invlolved according to Credit Suisse analysis.

The aim of the Roman time Silk Road is to connect the western Europe with the eastern coast of China and to renew the infrasturcture in between. This means also that the 10 world largest container ports are located along the route.

Trade talks between different countries have continued lively during the year. US and China have been in the headlines, but also the EU with its agreement with Japan.  The political situation and rising volatility in the financial markets tell the direction for the next year. Geopolitical easing is needed.

Päivi Härkönen, co-founder, ComteamPUB+

 

 

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