LVMH's Biver Sees More Difficult 2016 for Swiss Watch Industry
Hong Kong is ``suffering'' and China is a problem, Biver says
LVMH's TAG Heuer smartwatch will go on sale Nov. 9 in New York
LVMH watch chief Jean-Claude Biver said 2016 is set to be a tougher year for the Swiss watch industry because of the economic slowdown in China.
While revenue at LVMH brands such as Hublot should continue growing at a double-digit rate in 2015, “the problem might be next year,” Biver said in an interview Tuesday with Bloomberg Television. “Not only for us, but also for the whole industry.”