“The boom in global demand for watches” is over, so “we must be cautious” and reduce production volumes. More than a sentence, a verdict. In one fell swoop Johann Rupert, chairman and founder of Richemont, sends a very strong signal not only about the state of health of high-end watchmaking, which in recent years has…
Rupert rings the bell for watches (and luxury): “It’s time to reduce volumes”
