35291
Swiss Watches Take a Licking
World Economy

Swiss Watches Take a Licking

Last year wasn’t great for Switzerland’s luxury watchmakers, and 2016 isn’t looking any better. At an invitation-only Geneva trade show in January attended by 24 of the world’s most expensive watch brands, the consensus was that Hong Kong’s luxury slump, a rocky Chinese economy, and the November terrorist attacks in Paris—as well as competition from the Apple Watch—will hurt sales this year, Bloomberg reported. “We expect 2016 to be a very, very difficult year,” Vincent Perriard, chief executive officer of luxury watchmaker HYT, said at the trade show, officially called the Salon International de la Haute Horlogerie.

 

Short URL : http://goo.gl/AKSOmy
  1. http://goo.gl/ftQHEd
  • http://goo.gl/13Xao3
  • http://goo.gl/sgBZ1n
  • http://goo.gl/rtAjc9
  • http://goo.gl/Tqzrn2

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
More Scots Jobless
Scotland’s unemployment rate rose to 4.5% in the final three...

Trending

Googleplus