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Audemars Piguet Sales Exceed 550 Million Francs, Le Temps Says

Audemars Piguet had record sales of more than 550 million Swiss francs ($590 million) in 2011 as it sold more than 30,000 watches, Le Temps said, citing Chief Executive Officer Philippe Merk.

The Hong Kong market seems to have slowed a bit, Merk told the newspaper, adding he is “cautiously optimistic” for the global market.

To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

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