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Piaget : Uneven sales dynamics across regions

Piaget : Uneven sales dynamics across regions

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As a result of the health crisis, watchmaker-jewelry maker Piaget, a subsidiary of the Richemont Luxury Group, has recorded a sharp decline in net profit for its business over the 2019-2020 year. Added to this, the Geneva-based company has seen strong disparities in the performance of its business across regions.


In the first quarter of 2020, Piaget‘s sales fell by 18%, due to the decline in the Asia-Pacific region mehr infos hier. Indeed, the health crisis having led to the closure of boutiques, Piaget has seen a significant drop in sales. For example, Hong Kong, the largest market for the Swiss watch industry, saw its sales fall by 67%.

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Sales disparities by region


However, the progression of vaccine campaigns around the world since the end of 2020 allows the Geneva-based company to be confident for the coming months.



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