Pursuits
Watchmaker Tudor Says Hong Kong Market Could Get Even Worse
- Mainland China demand is rebounding for Rolex's sister brand
- Swiss watch industry might not grow in 2016: CEO Peverelli
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Tudor, Rolex’s sister brand, said the Hong Kong market may get worse as rich Chinese shop for luxury goods in markets with lower prices.
Swiss watch exports to Hong Kong slid 25 percent in February, dropping for the 13th consecutive month, the Federation of the Swiss Watch Industry said Tuesday. There’s no swift turnaround in sight, according to Philippe Peverelli, chief executive officer of Tudor.