At Breitling, CEO Georges Kern said that even amid the current tension, it’s not all gloom and doom. Watchmakers came back quickly after the global financial crisis in 2009 through 2011, he said.
“Situations like trade wars, Brexit, natural catastrophes per se put the brakes on demand, but it rebounds very quickly,” he said. “The fastest rebound of the Swiss watch industry was after Lehman Brothers. Then came the great years.”
This article was provided by Bloomberg News.