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Breitling CEO ‘Quite Confident’ Luxury Industry Has Hit Bottom

‘The problem of the Swiss watch industry, of many brands, is that some of them are dependent on the Chinese market,’ he said in an interview with Bloomberg Television on Wednesday.
The Breitling Navitimer watch.
Breitling AG’s chief executive officer Georges Kern said he’s “quite confident” the luxury industry has hit bottom, amid a China-led economic slowdown that’s taken a toll on high-end retailers around the world. (Shutterstock)

Breitling AG

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