Buccellati Is Hopeful To Become A Sister To Cartire.

The founder of Clessidra, who had been talking about it for a while, died of a sudden illness and was told by the widow to sell the fund.

And the sub brands have begun to enter.

Or the fate of being split.

Despite the fact that the group has too many watches combination brand to catch up with the clock industry.

The performance is used to fill the pit, but Buccellati can make up another brand for Cartire.

Recently, foreign media reported that

Clessidra is now in negotiations with us. If this negotiation is successful, Buccellati will become the sister brand of Cartire.

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Through the Cartire jewelry watch, the Swiss luxury giant group, which has watches and brands such as the world, the count and the Jaguar, announced that the company's annual net profit increased by 67% to 2 billion 230 million euros as of March. This is mainly due to the non cash after tax gains arising from the merger and the revaluation of the Swiss Franc exchange rate.

The annual sales rose 6% to 11 billion 80 million euros, and after the exchange rate factor was deducted, sales fell by 1% annually.

The company said that sales in April fell by 15% compared with the impact of the exchange rate, and the Asia Pacific business continued to be weak due to no recovery in Hong Kong and Macao. China's business improvement could only partially offset the impact.

The company will integrate the global retail business, especially in the Chinese market, and will continue to invest in jewellery.

As a result of many famous brand names, especially during the holiday season of last year, the overall decline of the jewellery Department of the group has dragged down the group's performance. At the same time, the continuous shrinking of the clock industry has led to the decision of the group to make layoffs.

In addition, analysts from the investment bank believe that the performance of the luxury industry has also been affected by the negative impact of the Swiss watch on exports.

At the same time, it is very worrying that there is no market in Asia that can compensate for the lack of sales.

Therefore, a sustained slowdown in China's economy may be a drag on the global market's performance in the future.