GENEVA: Audemars Piguet, the Swiss maker of the rugged Royal Oak watch, plans to open standalone stores to buy and sell second-hand timepieces, seeking more control over its products throughout their life cycle as the industry looks for new sources of growth.
The pre-owned business could be 10 to 20 times the size of the market for new watches, chief executive officer Francois-Henry Bennahmias said at a show in Geneva.
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