Quote Of The Day: A Big Hiccup

Bremont's U-2 Blue model. (Bremont)

Bremont’s U-2 Blue model. (Bremont)

“There has been a big hiccup with luxury in China… It’s about spreading your risk in the country, so you get some teething problems but [trade] will come back.”

-Giles English, co-founder of watchmaker Bremont


CNBC published an article today arguing that China’s slowdown isn’t so bad if you look at the big picture, and English agrees despite worrying talk of a looming financial crisis. Luxury watchmakers have been hit doubly hard by both China’s slowdown and its luxury gifting crackdown, but aren’t being deterred from pursuing long-term growth in the country.