Luxury groups, including Rolex, Chopard, Richemont, and Cartier, are adjusting their pricing strategies in response to inflation and market conditions.
3 reports, 3 independent
Updated Sep 13
Gone quiet
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
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What happened
Luxury groups, including Rolex, Chopard, Richemont, and Cartier, are adjusting their pricing strategies in response to inflation and market conditions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Sales of Cartier (managed by Richemont) were affected by market slowdown and China's campaign.1 source
Luxury brands are implementing price hikes in key markets due to economic pressures.1 source
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The entities involved
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Rolex
Swiss luxury watch designer and manufacturer
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Chopard
Swiss manufacturer and retailer of luxury watches, jewellery and accessories, founded in 1860 by Louis-Ulysse Chopard in Sonvilier, Switzerland
Nothing else this week.
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Richemont
Swiss holding company
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Cartier
French jeweler