China is having a crucial impact in the development of the luxury watch market, registering market growth of more than 59 percent. Image credit: Shutterstock
Richemont bets big on China
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments{"ct":"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","iv":"e1db672479c9ad035abd553feafd2200","s":"e4e85d3373aeba24"}