Report
Swiss watch industry is shrinking—but getting swankier
The Economist says brands such as Rolex and Patek Philippe are consolidating the market, while the largest listed Swiss watchmaker is having a tough time.
TLDR
The Economist describes a Swiss watch industry that is shrinking but getting swankier. It says brands such as Rolex and Patek Philippe are consolidating the market. The very top end might be doing well, it adds, even as the largest listed Swiss watchmaker has a tough time.
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