Patchy Asian’s restoration has saved the Swiss watch model beneath the 2019 pre-pandemic degree.
“We’re just under 2019, our reference 12 months,” co-Chief Govt Rolf Studer stated in a telephone interview on the sidelines of the Geneva Watch Days trade gathering this week.
Gross sales of Swiss luxurious watches have recovered this 12 months, with trade exports rising 0.8% within the first seven months versus the identical interval in 2019.
“Western markets are making up for what we can’t obtain in Asia as we had deliberate,” Studer stated, citing COVID-19-related lockdowns in Malaysia, Taiwan and China.
He stated america and a few European markets have been doing higher than anticipated.
About two dozen Swiss watch manufacturers, together with Bulgari, Breitling and Oris, have gathered for the second version of the Geneva Watch Days occasion this week after trade reveals earlier this 12 months have been cancelled or held digitally.
Supply: Reuter
