Swiss currency's surge

After three years of a trading gap, the Swiss National Bank decided to restore the free float of its currency. The ensuing surge in the Swiss currency’s value against the euro and the dollar will have substantial repercussions in the watch industry and the prices of luxury timepieces. Richemont and Swatch Groups will need to adjust their pricing strategies.

Luxury Watchmakers Bemoan Swiss Move

Thomaï Serdari for

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