The boom in demand for overall luxury goods has not spared swiss brands such as Rolex watches, Cartier, Tudor, Patek Philippe and Audemars Piguet to hit the shortage zone while dealing with the supply chain issues.
Sales of luxury watches jumped during the pandemic as consumers redirected funds usually spent on travel and entertainment toward high-end timepieces
Watches of Switzerland’s full-year revenue rose 40 percent to $2.1 billion at constant currencies, the company said Wednesday. It forecast revenue of $2.25 billion to $2.3 billion for 2023.
