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2018 | OriginalPaper | Chapter

9. How to Enter the Chinese Luxury Market? The Example of Swatch Group

Author : Pierre-Yves Donzé

Published in: Global Luxury

Publisher: Springer Singapore

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Abstract

This chapter considers the case of Swiss luxury watch companies in China, with a particular focus on Omega and Longines. The Chinese market played a major role in the transformation of the watch industry in Switzerland. The access to this market was not only a driving force behind the growth of companies, but also an opportunity for rebranding and moving up to the luxury end of the market. Therefore, the choice of local partners was a major challenge for Swiss watch companies.

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Footnotes
1
Statistics kindly communicated by the Federation of the Swiss Watch Industry.
 
2
Archives Longines (AL), invoice ledgers, 1887–1888 and 1900–1901.
 
3
AL, H31.4 Convention de monopole sur Chine et Java, 1933.
 
4
AFS, E2200.174, 1968/3, lettre de la Légation suisse en Chine au DPF, 25 septembre 1953.
 
5
AFS, E2200.174, 1968/3, lettre de la Légation suisse à HG à la Légation suisse en Chine, 12 septembre 1956.
 
6
AFS, E2200.174, 1968/3, lettre de la Chambre suisse de commerce à la Division du commerce, 17 novembre 1956.
 
7
AFS, 220.174, 1971/46, lettre de l’ambassade de Beijing à la Division du commerce, 31 octobre 1957.
 
8
AFS, 220.174, 1971/46, lettre de l’ambassade de Beijing à la Division du commerce, 7 septembre 1957.
 
9
L’Impartial, 2 May 1968.
 
10
Archives Longines H122.1.
 
13
Hengdeli Group, Annual Report, 2005–2015.
 
14
Business report of Guoco Capital Ltd., www.​guococapital.​com (last accessed on 20 January 2011).
 
15
Annual reports of the various groups.
 
16
Watch Industry: 57.
 
17
South China Morning Post, 13 April 2006.
 
19
SG, Annual report, 2010 and Hengdeli, Annual report, 2013.
 
20
Omega store locator, www.​omegawatches.​com/​stores/​ (accessed 7 July 2010 and 2 February 2016).
 
21
Swatch Group, Annual report, 2000–2014.
 
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Metadata
Title
How to Enter the Chinese Luxury Market? The Example of Swatch Group
Author
Pierre-Yves Donzé
Copyright Year
2018
Publisher
Springer Singapore
DOI
https://doi.org/10.1007/978-981-10-5236-1_9