China’s Challenges Pose Risks for Swiss Watchmakers

Canada's Globe and Mail recently speculated that the ravenous appetite for luxury goods like Swiss watches may be on the decline.

China, the world's third largest importer of Swiss watches, faces a crackdown on conspicuous consumption, corruption, as well as growing economic headwinds.

For some companies, like Richemont, whose brands include IWC, Montblanc, Piaget, Panerai, and Vacheron Constantin, this could spell trouble. Sales growth in China has averaged 28 percent over the last three years.

Categories: IWC, Other Swiss Watch Brands, Panerai, Piaget, Vacheron Constantin.

Leave comment