Omega has lost its place as Switzerland’s second largest watch brand to Cartier, and is part of a wider shift in market share away from Swatch Group brands.
Cartier sales grew by 40% year on year to CHF 2.4 billion, just beating Omega’s turnover of CHF 2.2 billion.
Cartier’s performance also helped Richemont watchmakers increase share as a group for the first time in several years.
Watchpro