1 hour ago
Shoppers from mainland China continue to be the driving force behind the growth in Swiss watch sales. They account for the lion's share of global Swiss watch link sales. (Morgan Stanley estimates that Chinese nationals account for more than 40% of watch sales of the Swatch Group and Richemont.) While those shoppers are avoiding Hong Kong now, they continue to make purchases at home, around Asia, and in certain markets in Europe, where weak currencies offer bargains, like Great Britain.