Retail in Asia

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Jeweler Van Cleef & Arpels sees Japan remaining crucial market

Luxury French jeweller Van Cleef & Arpels continues to view Japan as a key market and is confident sales will pick up once the economy recovers, its president and chief executive officer said in a recent interview. "I see brands say now we have to go to China… as our good time in Japan has passed and the future is in China," Stanislas de Quercize said, referring to moves among some high-end foreign brands to rethink their presence in Japan amid a dwindling appetite for luxury goods.

"We are here when there is a blue sky. We are here when there is a typhoon," de Quercize said. "We are here to stay because we believe [in a] long-term relationship".