Watchmakers Fret Over China Sales Slump

Luxury watchmakers, who have in recent years seen massive sales growth in the Chinese market, have since last summer seen that growth stifled. While President Xi Jinping’s campaign to cleanup corruption and crack down...

Bikes for Bonuses as China’s Wealthy Reminisce

Once one of four symbols of modern living in China, alongside wristwatches, sewing machines and radios, the bicycle’s position as a status symbol took a battering with the advent of widespread car ownership. Its fall from...

Luxury Watch Sales Zoom in China – Business Report

Luxury goods sales increased because of China’s booming economy. From Business Report: Richemont may sell more Vacheron Constantin watches in China than in any other country by 2012, as wealth in the Asian nation surges. Sales of the Geneva -made timepieces, which on average cost ‚Ǩ17,000 (R165 277) to ‚Ǩ20,000 each, were rising by almost […]

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