Richemont’s Rupert says luxury watchmakers must cut production

By Bloomberg Published September 11, 2024 The head of Richemont, the owner of Cartier and Vacheron Constantin, said the luxury watch industry must reduce production after a downturn in demand for costly timepieces.  Richemont Chairman and founder Johann Rupert told shareholders at the Swiss luxury conglomerate’s annual general meeting that global demand for watches “has [...]read moreRichemont’s Rupert says luxury watchmakers must cut production