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)

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.

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