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Piaget Watches Are Hot in Malaysia!!!
Rapaport NewsWire reports that Swiss watch and jewelry house Piaget, expects to see a sales growth of 15 percent in Malaysia in 2005.
Sales have grown by 10% in the past four years.
Piaget has been in Malaysia since 1992 and currently has one boutique and four retail outlets, Including Cortina Watch and Sincere Fine Watches. All of them are in Kuala Lumpur.
Malaysia is an interesting market for Piaget because of the potential growth in Piaget's product range with a price tag of $478 and above.
This was the reason why Piaget chose to unveil its new range of products in Malaysia, with next stop would be in Singapore. In Malaysia, 60 percent of the company's customers are local, while the remaining 40 percent are tourists.
Asia as a whole is Piaget's biggest market with Japan as the main market, followed by United States and West Asia.
