Watches & Wonders 2015 Recap & Setting The Tone For The Luxury Timepiece Industry In Asia
Georges Kern, CEO of Schaffhausen, Switzerland-based IWC watches, stands up from our table to deliver a welcome speech for a room of guests invited to dinner after the first day of Watches & Wonders 2015 here in Hong Kong. Known for quick, sharp remarks, and a realistic vision of his company and the luxury watch space, Kern spares no time addressing what he feels are the primary things his colleagues should be thinking about in terms of Asia and the watch industry that has fared so well in the region, and yet now faces a new set of growth, sales, and economic challenges.Kern promises that a brand like IWC is in it for the long run. He is refreshingly candid about the issues facing his business and that of his colleagues. China has been rapidly decreasing its spending on luxuries of all kinds �C watches included. The still-special region of Hong Kong as a result is suffering from a weak retail market once made gloriously robust by pools of Chinese mainlanders who came in with "suitca

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