Swiss watchmakers pessimistic about industry outlook - Deloitte

Swiss watchmakers pessimistic about industry outlook - Deloitte
 

Swiss watchmakers are pessimistic about the outlook for the industry, with the number of downbeat executives doubling since 2015 to 82 percent this year, a study by Deloitte showed on Tuesday.
"Weaker foreign demand poses the key challenge at the moment – and the industry believes this will remain in the next twelve months," study authors said, adding 57 percent of the over 50 watch executives surveyed expected demand for Swiss watches in Hong Kong to keep declining.
Swiss watchmakers are grappling with a combination of collapsing demand in Hong Kong, their biggest market,... read more

 
27 September 2016 in Business, Views: 32
Source: Reuters
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