ZURICH: Times have been so good for luxury watchmakers that they are running behind demand, forcing some to delay the release of new collections and others to invest more in production capacity.
After the pandemic severely hit the global economy in 2020, the sector enjoyed a spectacular recovery last year and started 2022 with a bang, though Russia’s war in Ukraine created new uncertainties.
Watches were the best performing business for French luxury group Hermes, with sales soaring by 73 percent last year.
“We had an extraordinary year in the watches business,” Hermes vice…
