Business | Changing times

Why Germany’s watchmakers are worried about the AfD

The far-right party threatens the industry’s brand

The assembly of luxury Nomos Glashütte watches
Photograph: NOMOS Glashütte
|Glashütte

Close to the Czech border, south of Dresden in the German state of Saxony, lies Glashütte, a picturesque town of 6,700 inhabitants. As the German Watch Museum, its main visitor attraction, suggests, the town is the centre of the country’s high-end watchmaking industry. In 1845, after years of apprenticeship with makers of fine watches in France and Switzerland, Ferdinand Adolph Lange opened a workshop in Glashütte with a loan from the Saxon authorities, founding what would go on to become A. Lange & Söhne, one of the world’s priciest watch brands. Today the firm, now owned by Richemont, a Swiss luxury giant, is one of the nine high-end horologists that manufacture watches in the town.

Explore more

This article appeared in the Business section of the print edition under the headline “Changing times”

From the August 24th 2024 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Business

Liang Wenfeng surrounded by some Deepseek visuals like the logo and some messages from the app

DeepSeek poses a challenge to Beijing as much as to Silicon Valley

The story of Liang Wenfeng, the model-maker’s mysterious founder

Nvidia CEO Jensen Huang holds a Nvidia's Drive Thor processor as he delivers a keynote address at the Consumer Electronics Show in Las Vegas.

Nvidia is in danger of losing its monopoly-like margins

But don’t count it out yet


Deepseek logo creating havoc amongst  digital and tech symbols on a bold red background.

DeepSeek sends a shockwave through markets

A cheap Chinese language model has investors in Silicon Valley asking questions


Germans are world champions of calling in sick

It’s easy and it pays well

Knowing what your colleagues earn

The pros and cons of greater pay transparency