Cie Financiere Richemont SA (CFR) Chairman and Chief Executive Officer Johann Rupert said more Chinese customers are buying watches in Hong Kong, Macau and Europe, Finanz und Wirtschaft reported.
The buying outside mainland China is being spurred by lower prices and tax incentives, the Swiss newspaper cited Rupert as saying in an interview. As much as half the watch sales in Europe are to tourists, mostly from China, Rupert said.
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