17-03-2016 21:09 via news.yahoo.com

Swiss watchmakers face another challenging year

By Silke Koltrowitz BASEL, Switzerland (Reuters) - Swiss watchmakers are braced for another difficult year as economic woes in major markets curb consumers' appetite for pricey timepieces, industry executives said on Thursday. Sales in Hong Kong, the biggest market for Swiss watches, have been depressed as China's economic slowdown and Beijing's anti-corruption campaign have hurt spending by mainland Chinese, which shows no signs of rebounding. Zenith, the upmarket watch brand owned by LVMH , se
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