While the edition was effervescent thanks to some 43,000 visitors, watchmakers doubled down on identity and iconic designs in a display of cautious optimism.
Exports to China, a key market for watchmakers, contracted by 13.6 percent in 2022 due to Beijing's zero-Covid policy. With China reopening, many financial analysts have sharply raised their growth forecasts for the luxury sector as a whole in 2023
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In the backdrop of the increasing uncertainty in the global economic environment, the clothing industry has managed to hold itself together successfully and is forecasted to grow even faster in future...
ZURICH: Times have been so good for luxury watchmakers that they are running behind demand, forcing some to delay the release of new collections and others to invest more in production capacity.
Times have been so good for luxury watchmakers that they are running behind demand, forcing some to delay the release of new collections and others to invest more in production capacity.