Andy Hoffman
Senior Business Editor at Hodinkee
Reporter for Bloomberg @business in Switzerland. Lazy cyclist. Awkward skier. Ex-@globeandmail RTs r not endorsements. Views are mine.
Articles
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3 days ago |
hodinkee.com | Andy Hoffman
After not meeting in person for several months, one doesn't start a conversation with Rolf Studer talking about business. You will get there, but only after some genuine pleasantries. Affable and quick to smile, while most certainly Swiss in his professional focus and determination, the Co-Chief Executive Officer of Oris first offers some highlights from his long-time favorite holiday spot in Italy, with photos to illustrate.
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6 days ago |
hodinkee.com | Andy Hoffman
Appointment of Timm Armbrust as CFO marks first major executive change under new CEO Keller. Chrono24, the top dedicated online watch marketplace, named a new Chief Financial Officer, as the company looks to shore up its business footing amid a downturn in used watch prices. The Karlsruhe, Germany-based tech company said Timm Armbrust will join as CFO and Chief Operations Officer beginning August 1st.
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1 week ago |
hodinkee.com | Andy Hoffman
Swiss maker of Blancpain and other brands says price increases follow 'dramatic' change in exchange rates. Swatch Group AG, one of the biggest Swiss watchmaking groups, says it is raising prices on some watch models sold in the United States after the U.S. dollar slumped against the Swiss franc and the U.S. imposed higher tariffs on imported Swiss goods.
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1 week ago |
hodinkee.com | Andy Hoffman
The pace of price declines on the secondary watch market was the slowest in almost three years to start 2025 as the prices for used Rolex models rose. Data compiled by Morgan Stanley and WatchCharts shows an index of prices for used Rolex watches rose by 0.3% during the first three months of the year compared to the previous quarter.
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2 weeks ago |
hodinkee.com | Andy Hoffman
Swiss watchmakers get 90-day reprieve even as a 10% tariff stays in place. President Trump said he would pause so-called 'reciprocal' tariffs against most nations for 90 days, giving the Swiss watch industry breathing room for the Alpine nation's government to negotiate a deal to avoid punishing cost increases in its top export market. The US president announced on Truth Social that the levies, including a 31% tariff on Swiss goods, would be delayed.
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