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Audemars Piguet and Swiss watch rivals hasten shift to in-house sales

Swiss Watches

Audemars Piguet and Swiss watch rivals hasten shift to in-house sales

Reuters - By Silke Koltrowitz and Sarah White

GENEVA (Reuters) - Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers. Changes to distribution for luxury watches have lagged sectors such as …

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