Post by
FordVictoria on Jun 06, 2017 8:03pm
The Luxury good's world
The traditional luxury brands including Swiss watch makers like Boucheron, Cartier, Patek Philippe and other brands have seen their sales shrink in the last year, China fuelled growth previous years but their government put a stop to that with hefty taxes on luxury goods but here it comes what is good for MZI, the new generations do not care much about a Patek Philippe and many will not even know what it is but they are willing to spend big money in technology luxury goods as an Apple Watch and many of MZI goods so far this is the only segment that have been up from the luxury market so those companies with big pockets will be looking to diversify and update their products and also an opportunity for companies like MZI to get a share of that market or to get a deal with a major company. Now , will management have what it takes?,to be seen. This is my last post here until news or sentiment change, good luck to all.
FV