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Andy Hoffman

Stay informed with Andy Hoffman’s coverage and analysis.

Swiss watch exports fall again amid plummeting demand in China
Retail
Swiss watch exports fall again amid plummeting demand in China
By Andy Hoffman and BloombergNovember 19, 2024
All the Rolex Submariner watches ever made are now near a total $50 billion market value
Retail
All the Rolex Submariner watches ever made are now near a total $50 billion market value
By Andy Hoffman and BloombergNovember 13, 2024
Swiss watch exports plunge as Chinese demand dries up
Retail
Swiss watch exports plunge as Chinese demand dries up
By Andy Hoffman and BloombergOctober 17, 2024
U.K. Rolex dealer buys watch site Hodinkee backed by LVMH and Tom Brady
Finance
U.K. Rolex dealer buys watch site Hodinkee backed by LVMH and Tom Brady
By Andy Hoffman and BloombergOctober 4, 2024
McLaren's British driver Lando Norris (front) leads the pack as he drives at the start of the Formula One Singapore Grand Prix.
Success
LVMH signs major sponsorship deal with F1, replacing Rolex
By Angelina Rascouet, Andy Hoffman and BloombergOctober 2, 2024
Swiss brand Omega suffers major decline despite leading Paris Olympics—Rolex, Patek Philippe and Audemars Piguet gain
Finance
Swiss brand Omega suffers major decline despite leading Paris Olympics—Rolex, Patek Philippe and Audemars Piguet gain
By Andy Hoffman and BloombergSeptember 13, 2024
Swiss watchmakers put employees on state-funded furlough as luxury demand disappears
Lifestyle
Swiss watchmakers put employees on state-funded furlough as luxury demand disappears
By Andy Hoffman and BloombergSeptember 4, 2024
The creation of the Rainbow Daytona marks an important moment in Rolex’s history as it displayed the brand’s ability to craft ultra-high-end jewelry watches using innovative gem-setting techniques.
Retail
The first-ever Rolex Rainbow Daytona from the 1990s heads to auction and could fetch over $3.5 million
By Andy Hoffman and BloombergAugust 27, 2024
Max Verstappen of Netherlands, Oracle Red Bull Racing, portrait during the Formula 1 Rolex Australian Grand Prix of FIA Formula One World Championship from 30th of March to 2nd of April, 2023 on the Albert Park Circuit, in Melbourne, Australia. (Photo by Gongora/NurPhoto via Getty Images)
Retail
Rolex downturn? LVMH’s ‘smaller’ Swiss watch brand grapples with Rolex over $150 million Formula 1 sponsorship deal
By Andy Hoffman, Angelina Rascouet and BloombergJuly 24, 2024
Cartier's flagship store on Old Bond Street in London.
Finance
Cartier and Van Cleef & Arpels owner Richemont shines bright as sales climb—offsetting declines from China and luxury watches
By Andy Hoffman and BloombergJuly 16, 2024
A display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. Photographer: Jose Sarmento Matos/Bloomberg via Getty Images
Finance
Omega owner Swatch Group’s moment has passed as profits drop 70% in 6 months: ‘The big impact is really mainly China’
By Andy Hoffman and BloombergJuly 15, 2024
Swiss watch designer and manufacturer Rolex.
Retail
After a surge in pandemic profits, Rolex, Patek Philippe and Audemars Piguet face a significant downturn as sales slip—extending a two-year decline
By Andy Hoffman and BloombergJuly 11, 2024
Participants watches a showcase at the Rolex booth
Retail
U.K. luxury watch market has stabilized but top Rolex seller issues profit warning due to lack of ‘gold and other precious metal watches’
By Andy Hoffman and BloombergJune 27, 2024
Prices for the most recent version of the Rolex GMT Master II with a red and blue ceramic bezel, nicknamed the ‘Pepsi,’ rose 4.1% to about $21,000 over the past year.
Retail
Buying the wrong color watch could cost you thousands: These two Rolexes are diverging in price
By Andy Hoffman and BloombergJune 12, 2024
Rolex Oyster Perpetual Date watch
Retail
Rolex watches are getting more expensive because gold prices have soared to record highs
By Andy Hoffman and BloombergJune 2, 2024
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