Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers.
Swiss watchmakers are starting to see signs of slowing spending from Chinese tourists, but are still banking on demand shifting to mainland China to fuel growth this year, several high-end brands said on Monday.
Cartier owner Richemont on Friday said “yellow vest” protests in France weighed on its sales momentum in the last three months of 2018, even as growth in key markets like China kept up at a healthy pace.
Burberry has unveiled its Lunar New Year campaign with imagery that respects Chinese culture and features local influencers at the same time as analysts fret about a potential luxury downturn in China.
France's Cartier is unlucky in love this week, after losing a trademark case against MoneyMax, where the luxury jewellery house attempted to block the Asian pawnbroking chain from using the word 'love'.
Swatch Group will host an event for watch retailers from March 19 to 26 next year, just ahead of the Baselworld watch fair it recently dropped out of, according to an invitation seen by Reuters on Tuesday.