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Breitling CEO ‘Quite Confident’ Luxury Industry Has Hit Bottom

Breitling CEO ‘Quite Confident’ Luxury Industry Has Hit Bottom

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. “The problem of the Swiss watch industry, of many brands, is that some of them are dependent on the Chinese market,” he said...