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Chopard

CORRECTION about Japan

 

Ken,


Thank you for the question that requires clarification.

My comments were based on private discussions with other brands' personnel and commentators.
Not all luxury brands went unscathed after the 2011 Japanese disaster, following repeated global economic crises since 2008.

I re-read my comment and realised that contracting two topics into one sentence could be misleading.
My corrected and separated statements should read as:

CORRECTION:

"Most luxury brands like Audemars Piguet, Cartier, JLC and Montblanc are also reporting pleasant increases recently in Japan.


Some brands, and others, are claiming 400% increase and even 800%! 
This sounds impressive until we notice that the baseline was almost zero sales for those brands in the aftermath of the Tohoku Tsunami.

Chopard is not in this group of brands with such large swings of fortune."

Regards,
MTF

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