You are here

Swiss watchmakers mull over raising prices on surging franc

Thursday, January 22, 2015 - 05:50

BT_20150122_WATCH22_1471043.jpg
If watchmakers adjust their prices to the new reality, the price tag on their goods in countries using the euro would leap 15-20 per cent overnight. Executives from the big brands were reluctant to talk about the issue or to discuss what measures they might be forced to take.

Geneva

SWITZERLAND'S luxury watchmakers are considering raising prices on their timepieces in the eurozone by up to 7 per cent due to the ballooning franc, but they are in no rush, industry insiders have hinted.

Watchmakers gathered at a luxury watch show in Geneva this week were

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom