Now Reading
Swiss watch industry facing worst ever crisis, according to CEO of Hublot

Swiss watch industry facing worst ever crisis, according to CEO of Hublot

View Gallery

The Swiss watch industry is facing the worst crisis in its history, with the coronavirus pandemic expected to reduce sales by up to 30% this year, Ricardo Guadalupe, the head of LVMH Moet Hennessy Louis Vuitton brand Hublot said.

 

Over the year the industry will record a decline of 20 to 30%,” Guadalupe told German newspaper Handelsblatt in an interview published on Thursday.

 

See Also


Consumption has been brought to a complete standstill. It is not yet clear when and what may be reopened. And then there will be the question of how quickly people’s confidence will return,” he added.

 

[…]

This article is for subscribers only.

Subscribe now!

Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account? Log in.

Featured photo : © Wikipédia

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2021 LUXUS + ALL RIGHTS RESERVED

Scroll To Top