Knowing What Makes Women Tick Essential For Swiss Watch Makers

Audemars Piguet | Source: Audemars Piguet

GENEVA, Switzerland — After 2013 marked the slowest sales growth since the global financial crisis, companies from Audemars Piguet to Richard Mille have said they are targeting women, seeking to secure new customers from a segment that only accounts for 35 percent of sales at the moment.

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Market Pulse | China Slowdown Casts a Cloud

Savigny Luxury Index April 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) lost 1.5 percent in April, underperforming the MSCI World Index (“MSCI”) by almost two percentage points. Luxury spending in Europe has been hit by a drop in tourist demand, as well as price increases by brands seeking wider margins. The unusually cold weather, particularly in March, also contributed to weak demand for Spring/Summer ready-to-wear collections.

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