CFR SW : CFO: Wants to focus on developing its own jewelry brands Van Cleef, Cartier, now Buccellati - post earnings comments
- In talks to negotiate lower rents in Hong Kong
- Not actively defining acquisition targets, but we have rarely built business from scratch
- Always been open to acquisition activity, will spend money when see an opportunity
- Never sold stock to finance an acquisition, doesn't want to speculate about the future
- No plans to abandon Hong Kong market that is also important for local clientele
- Still monitoring watch inventory levels at third party retailers very closely