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
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 {"ct":"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","iv":"0baf58afecb6d0644e1c2a79cb1c2ef9","s":"903da72282f99ee7"}