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Swiss Watchmakers Seek State Aid Amid Luxury Downturn

Some brands say they are furloughing workers to avoid permanent cuts.
Rising interest in luxury watches is dovetailing with an uptick in lavish weddings, creating fresh opportunities for gifting and clienteling services.
Some brands say they are furloughing workers to avoid permanent cuts. (BoF Team)

Swiss luxury watchmakers are turning to the government for financial aid to help them weather a downturn in demand.

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