Retail in Asia

In Sectors

Riding the tiger of luxury

Since the 2009 downturn, the luxury sector has enjoyed a turbo-charged recovery, helped by Asian consumers buying high-end watches and the priciest jewellery.

One of the biggest beneficiaries has been Cartier, the world’s biggest branded jewellery company by sales, and the jewel in the crown of Swiss-based luxury group Compagnie Financiere Richemont SA.

But Bernard Fornas, the 65-year old Frenchman who is president and CEO of Cartier, is not getting carried away. "Trees never grow to the sky," he says, explaining how uninterrupted upward growth is not always possible.