Stern's warning on Chinese luxury watch market proves timely

The chairman of Patek Philippe, Thierry Stern, had advice for Swiss watchmakers several years ago that most rivals did not heed: do not overinvest in China. Amid the recent slowdown on the mainland, Stern's call has proved prescient.

via Business feed http://www.scmp.com/business/china-business/article/1226305/sterns-warning-chinese-luxury-watch-market-proves-timely