Selling 1,2 million pieces of watches, Rolex secured its number one position within the Swiss watch industry last year. The sales reached 9,3 billion Swiss francs, and Rolex's market share was 29.2%. The second Richemont´s Cartier watch earned 2,7 billion Swiss francs and sold 2750 pieces of its luxury goods.
Monaco is one of the leading countries that are considered havens for High-Net-Worth Individuals (HNWIs) and Ultra-High-Net-Worth Individuals (UHNWIs). Yet, there’s more to this Mediterranean principality than just its appealing tax efficient structures. Diving deeper, Monaco offers a multitude of sophisticated services to potentially secure the financial future HNWIs and UHNWIs. These services go far beyond mere fiscal benefits, presenting a comprehensive financial planning and asset management ecosystem.
Which is the most expensive watch? The five watches discussed in this article represent the pinnacle of horological excellence, with their breathtaking complications, exquisite materials, and rich stories. While their price tags may seem astronomical to most, they are a testament to the enduring allure of luxury.
Small and medium-sized enterprises (SMEs) or “Mittelstand” in Germany, Austria, and Switzerland have successfully weathered economic changes and turbulence. The Swiss Mittelstand sector is the largest employer and educator in the country and is stable.
Novo Nordisk, a Danish pharmaceutical company, has been making waves in the industry with its groundbreaking treatments and impressive financial performance. With a focus on developing innovative therapies for various health conditions, Novo Nordisk has established itself as a leader in the pharmaceutical market.
Family offices have increasingly turned their attention to real estate as a key asset class. This shift in focus can be attributed to a number of factors. These include the search for stable returns, portfolio diversification, and the long-term wealth preservation opportunities.
Wealth among High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs) in Southeast Asia is rapidly increasing. At the same time, these wealthy individuals are altering their charitable giving practices. The global pandemic and an emphasis on social issues are major drivers of this shift. Instead of typical donating, they choose to make deliberate, impactful donations. In today's society, social problems and investment opportunities frequently coexist. Understanding new ways of giving is therefore critical, not only for society but also for sound financial planning.
In September 2021, the Vice President of the European Commission, Maroš Šefčovič, took responsibility for relations with Switzerland. The most experienced commissioner, who had already served under Commission President José Manuel Barroso and later under Jean-Claude Juncker, seems to be a tough guy.

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