The recent lacklustre luxury goods market in Hong Kong and Macau has caused a wave of lease surrender of luxury brands. In times of adversity, Swiss Roger Dubuis is confident in the markets, and planning to open more boutiques in Macau next year. According to Hong Kong Economic Journal, the watchmaker gears up to be among the world’s five largest upscale watch brands in five years’ time.
The report said Roger Dubuis is operating four shops in Hong Kong and three in Macau, with an average price per item at HK$500,000. The brand’s CEO Jean-Marc Pontroué told the paper that the group will consider mainland China a major market where will see new shop(s) in Nanjing next year.
When commenting on the slow economic growth in the Mainland, Pontroué said it is unrealistic for a country to register a double-digit growth every year. Any growth means stronger consumption power. He added that spending on luxury goods would meet no limit when the number of the wealthy class in China surges.
The new middle class in mainland China will choose to visit Hong Kong and Macau as their first destinations before travelling to Europe and the United States. Seizing upon the opening of new casinos next year in Macau, Pontroué said they have planned to open two more shops in such a popular destination for tourists.
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