From Rolex to Patek Philippe: These Are the Luxury Watchmakers Closing Due to the Coronavirus

Fewer than 24 hours after Rolex announced its closures on Tuesday, Hublot did the same By Thursday, Patek Philippe, Audemars Piguet and MB&F had added themselves to the list of manufactures closing up shop In Patek Philippe's case, both its head office and production sites would be closed until at least March 27, according to WWD.

Audemars Piguet made its announcement on Twitter, where it said the company would close a portion of its offices, production sites and shops With some of the field's most important players down for the count, chances are high that those still standing will soon adjust course and shutter the parts of their own operations they can Those owned by conglomerate LVMH-Hublot, Tag Heuer, Zenith, Bulgari-may move at a slightly different pace because they function more independently than their peers at other luxury conglomerates.

Swatch Group-which owns the likes of Omega, Breguet, Harry Winston, Blancpain, Glashutte Original and Jacquet Droz-has yet to make any major statement, but its move could be the most telling Though it owns several notable watch brands in its own right, the company also acts as a major parts supplier to other watch brands. . Source