Luxury retailer Kering warns of profit slump as Gucci burdens continue RETAIL Kering braces for a profit slump in the first half of the year as the luxury goods giant struggles to win back Gucci sales.
The luxury watch market bubble has burst. What next for Rolex, Patek Philippe and Audemars? On time The pandemic-era boom, which saw luxury watch prices rise by 20 per cent in just the fourth quarter of 2021, is now over.
‘People got burnt’ the Rolex, Patek Philippe and Audemars Piguet luxury watch boom comes to an end retail The average price of a Rolex has fallen 8 per cent in the last twelve months to £20,768, while the average price of a Patek Philippe watch has fallen 14 per cent.
Demand for Rolex and Tag Heuer watches slump as demand in China falls March 19, 2024 Monthly exports of pricey Swiss watches such as Rolex and TAG Heuer have fallen for the second time in three years, led mainly by lower deliveries to Greater China and Hong Kong.