Revenge Saving: Coronavirus Watch 32

Coronageddon whacked the watch industry but good. The economic downturn’s ongoing effects are dire, especially at the luxury end of the market. The Richemont group – owners of high end horology crown jewels like A. Lange & Söhne, Vacheron, IWC and  Jaeger-leCoultre – is joining its customers in the pandemic practice known as “revenge saving.” Richemont chairman Johann Rupert’s Friday afternoon statement:

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