What is the effect to swiss watch as Britain takes off european?

Now talk about the UK after take off the development direction, even if the future really will be out of Europe.It is too early. However, the British out of Europe already has a short-term impact on Swiss watch especailly for cheap rolex submariner watches.

Stay or leave? On June 23, 2016, the United Kingdom held a referendum to decide whether or not from the european.The next day the news hit the country’s political system and economic life. According to Google in the UK, according to data released in the referendum, June 24. “What is the EU? (what is the eu? Search heat jumped quickly, quickly on the Google UK hot topics on the second place. Some people think of search they finally voted out exactly what it is. After more than two weeks, Britain is still influenced by referendum aftershocks, trapped in a dilemma with no clear direction.

Almost all experts forecast, from the European Union will have a negative effect on the UK economy.But the voice of the “left” to rely on to incite populist, rejected the opinions of the experts. Officially announced before the referendum, the pound is at its lowest level for more than 30 years.The assets of the stock exchange after the opening.The bank of England evaporation by a third. In general, the former can be regarded as the luxury goods industry news, as chief executive of bulgari Jean – Christophe Babin before a referendum on the economist, sterling devaluation can promote the tourism marketing of the brand.

As long as the visitors pouring in, everything will be thriving. However. Warwick business school professor and marketing and innovation of Warwick luxury & Wang Qing, director of the center for innovation (the Qing Wang some questions are put forward.

“For visitors from emerging economies such as China and the enterprise, the UK is open and enthusiastic, but to take off the euro will be harmful to the image. The political stability, legal framework to improve transparency, many Chinese companies and investors will be British as a bridge to Europe. In the trade with emerging economies such as China, Britain’s” soft power “positive image has been playing an important role. However, after take off the referendum, in reducing the influence of Britain in Europe, its uncertainty and risk is on the rise, Chinese enterprises have to re-evaluate its international strategy.”

But the domestic market does not only include travel sales and exports (in 2015 the Swiss watch of Britain’s exports account for 5.4% of the global total), after the pound, clock suddenly a lot of expensive for local residents. Industry observers from Vontobel Rene Weber, estimates that the British market of richemont and swatch group respectively 5% and 3% of the sales, both will be affected by the currency exchange rate changes. Britain is one of the Swiss watch performance better global markets, Europe will not be off and hope to hear the famous brand of giant group, especially in this challenging year.

Although the currency and the impact of the stock exchange is visible, but as long as the British parliament in a stalemate, then long-term outlook is still not clear. Rene Weber explained: “no one knows the future what form is adopted in the UK and the European Union, if the activation of the Lisbon treaty article 50, started to take off the program, so there will be a two-year middle consultation period, so far, the UK what on earth is still up in the air.”

Leave a Reply

Your email address will not be published. Required fields are marked *