Business News: Swiss Watch CEOs Expect To Make Fewer Watches This Year As Economic Instability Roils Consumer Confidence
Even the biggest and most successful brands could cut back amid the uncertainty and ongoing trend of lower volumes and higher prices. Total Swiss watch industry volumes have nearly halved since 2011, according to analyst estimates by Morgan Stanley and LuxeConsult. Rolex, the industry’s dominant player, producing more than 1 million watches a year, now … Read more