Piaget CEO Seeks Pockets of Strength in Asia

The transcript discusses the company's success in the Middle East due to significant investments and growth, particularly with local clients. It highlights the strength of Asian markets, especially China, which is growing for luxury brands. Despite challenges in Hong Kong and Macau, China's local market is developing, with incentives for consumers to buy locally. The impact of oil prices on Middle Eastern clients is also explored, noting no adverse effects from price drops and emphasizing the importance of these markets.

Which region is experiencing growth for luxury brands according to the company?

• Africa

• South America

• China

• Europe

What is one reason for the decreased flow of Chinese consumers to Hong Kong?

• Lack of new attractions in Hong Kong

• Higher taxes in Hong Kong

• Improved local shopping options in China

• Increased travel restrictions

What is a factor contributing to the growth of the local Chinese market?

• Fewer shopping malls

• Lower quality products

• Government incentives

• Decreased competition

How did the company respond to changes in oil prices in the Middle East?

• They reduced investments

• They saw adverse effects

• They maintained their strategy

• They exited the market

What is the company's outlook on their products in the Middle Eastern market?

• They have great products for the market

• They are planning to withdraw

• They are facing strong competition

• They are struggling to sell