Wonder how real this is. Does it affect all watchmakers? Extract: Johann Rupert's job cuts at Richemont shocks Swiss watchmakers Geneva - Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing. Swiss watch exports had the biggest monthly drop in seven years in October, ............. Full article: http://www.fin24.com/Companies/Reta...t-richemont-shocks-swiss-watchmakers-20161125
the franc is pretty strong against the dollar, pound and euro at the moment. It must be a matter of time before this begins to affect sales? Step 1 is squeeze suppliers, step 2 is reduce your costs and make efficiency savings