Watch giant Patek Philippe has decided to raise the market price of 5.5% of the British market, local retailers have received the news last week, the new price list will be effective from September 1. It is reported that Patek Philippe replica raised the main reason for the price of the product, is the British debut since the British pound continued weakness.
Patek Philippe Ref.5320G_001 replica watches
In the latest release (as of the end of January 2017), Patek Philippe replica UK importers and distributors Rhone Products frankly the group’s “main risk” is the decline in consumer demand caused by the UK economic situation and the Swiss franc against the pound exchange rate.
Last year, Rhone Products Group sales increased 14% to 142 million pounds, net profit reached 6.3 million pounds. The directors of the company are “happy” for progress, but also said that the currency exchange rate to the procurement and profit pressure.
Since the British referendum in June last year, since the European Union, luxury watch brand price increases has been the theme of the market. After the UK referendum, Audemars Piguet, Richemont Group (including IWC, Cartier and Vacheron Constantin) and Yu ship table, the British market price of the product raised by about 10%. Over the past year, Breitling replica is twice raised the price of the product. November 2016, Rolex will also increase the price of the British market watch 10%, it is also the first time since 2012, the British market Rolex watch usher in the price rise.
The pound fell against the Swiss franc, leading to the past 12 months to watch the Swiss market, the Swiss market, the sharp rise in export prices, the United Kingdom and other major markets, the product price gap narrowed, local retailers increased profitability. At present, the United Kingdom is the world’s fourth largest Swiss watch export market.