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Swiss Francs soars!!

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  • Think most will keep the price stable. Demand have soften with the weak Chinese market. Most of their cost is in advertising/ marketing. So they just need to restrict the marketing budget to cut costs.

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    • But the REtailors have managed to adjust their prices down to stay competitive

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      • I read in chinese magazine that Cartier is lowering its watch price in north asia (mainly china market) due to the monetary fluctuation and lower sale momentum. Chanel and a bunch of other luxury brands are following suit. But one thing is that luxury goods is subject to tax in china and thus making it price average 10-15% more than singapore pricing even after discount.
        But nonetheless, still monitoring local Cartier Sg price before going fr the hit.
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        • Chanel price in spore already adjusted downwards in April tis yr.hk n China oso

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          • The price revision for chanel is not really a lot in Singapore but Europe also revise the price upward. They want to reduce the difference between Europe n Asia price.

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