Waning demand in Hong Kong and China has spread to other Asian markets such as Singapore, South Korea and Taiwan, weighing down an industry that accounts for a 10th of Switzerland’s exports. The nation’s watch executives are the most pessimistic in four years as an increasing minority sees a threat from smartwatches, a Deloitte LLP report showed last month.
2015-10-21
Swiss Watch Sales Slump
Bloomberg: Swiss Watch Quarterly Exports Decline the Most Since 2009
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