Jaeger LeCoultre Finds Its Time To Expand
Premium watch manufacturer Jageger LeCoultre is expecting major growth in China which is becoming its largest watch market in the world according to reports. A company executive told China Daily during an interview earlier last week that "Sales in the Chinese market have contributed a lot to our global business and we will continuously expand our outreach in China to grasp the business opportunities in the fastest-growing market in the world.”
The Switzerland based watch manufacturer just opened its premium watch boutique in Beijing China in November hoping to appeal to the new Chinese customer base according to reports. The watch manufacturer sells watches for around ten thousand Chinese Yuan which is around one thousand five hundred US Dollars up words to fifty thousand Chinese Yuan.
The executive added, "I'm confident that the Chinese market will reflect better sales in the future and we will launch some products especially designed for our Chinese clients.”
The US Based Firm Bain and Co’s findings back up the moves of Jaeger Le Coultre. They conducted a survey of a thousand customers in 10 cities and believe watch sales in China will steadily climb in the next decade.
Showing posts with label jaeger. Show all posts
Showing posts with label jaeger. Show all posts
Thursday, 20 January 2011
Monday, 17 January 2011
Jaeger LeCoultre Expands Into China
Premium Swiss Watch Maker Jaeger LeCoultre Expands Into China
China is the new ground ripe for expansion according the luxury Swiss watch maker Jaeger-LeCoultre according to reports from its Global Vice President China is expected to become the watch makers biggest potential over the next five years.
"Sales in the Chinese market have contributed a lot to our global business and we will continuously expand our outreach in China to grasp the business opportunities in the fastest-growing market in the world," said Jerome Lambert the companies global president in an interview with China Daily.
The company has recently launched a new line of watches set to start at ten thoushand Yuan (about $1,500) and work there way up to 500,000 Yuan. The new line is said to target China’s new upperclass.
"I'm confident that the Chinese market will reflect better sales in the future and we will launch some products especially designed for our Chinese clients," Lambert said.
China last year bought one fifth of the total watch production in Switzerland, and the United States has haw the biggest drop in Swiss Watch production in ten years - and higher then any other country of the world.
China is the new ground ripe for expansion according the luxury Swiss watch maker Jaeger-LeCoultre according to reports from its Global Vice President China is expected to become the watch makers biggest potential over the next five years.
"Sales in the Chinese market have contributed a lot to our global business and we will continuously expand our outreach in China to grasp the business opportunities in the fastest-growing market in the world," said Jerome Lambert the companies global president in an interview with China Daily.
The company has recently launched a new line of watches set to start at ten thoushand Yuan (about $1,500) and work there way up to 500,000 Yuan. The new line is said to target China’s new upperclass.
"I'm confident that the Chinese market will reflect better sales in the future and we will launch some products especially designed for our Chinese clients," Lambert said.
China last year bought one fifth of the total watch production in Switzerland, and the United States has haw the biggest drop in Swiss Watch production in ten years - and higher then any other country of the world.
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