How did the concepts of the Mandate of Heaven, dynastic cycles, and Confucian ethic affect China’s development?
until it came under new leadership in 2005. Jean-Claude Biver, previously the president of Omega, led the development and release of a new model called the Big Bang. Hublot expanded very rapidly thereafter going from a turnover of $25 million in 2004 to $200 million in 2008. This means Hublot is missing the selling point of heritage, but the brand’s use of avant-garde materials and designs attracts customers regardless. Hublot was acquired by LVMH (Louis Vuitton Moet Hennessey), a French multinational luxury goods conglomerate, in 2008 for around $500 million (Lelarge & Biver, 2015). Hublot also offers servicing for their watches which is often necessary for mechanical timepieces every 5 years or so. 3.2. Why? What does the market look like? Guidance: Who is their target customer, what attributes defines this group? Can the market be segmented, what useful insights come from this? How do they compare against the competition or alternatives? How large is the market, what are the spending habits of customers etc… Industry Description and Outlook/Target Market/Competitive Analysis/Projections/Regulations Watches are the third largest export from Switzerland after chemicals and machinery. The Swiss watch industry sold $20 billion of watches in 2018. Despite o>GET ANSWER