1105 GMT - The performance of expensive Swiss watches amid continued declines in exports show it isn't all doom and gloom, Bernstein analysts say in a research note. "Although this could be a function of higher product availability from Tier 1 brands--most notably Rolex--this may lead to broader luxury watch resilience than expected," they say. A strong reported first-half growth in watch sales at Richemont's Cartier suggests there is still appetite for luxury watches, the analysts say. However, Swatch Group's higher exposure to the cheapest watches, those below 200 Swiss francs, could damp these benefits, they add. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
November 19, 2024 06:05 ET (11:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。