Chinese crack down on bribery hurts Richemont

**J J Carter** · 23rd May 2015, 12:56

Luxury watch maker Richemont has become the latest brand hurt by a crackdown on bribery in China.

The owner of the Cartier, Piaget and Mont Blanc brands warned that sales slipped by 8 per cent in April after fewer watches were given as bribes to officials in the People’s Republic.

Have you ever bribed someone with a watch?

**markrlondon** · 23rd May 2015, 13:07

Originally Posted by J J Carter

Have you ever bribed someone with a watch?

Nope, but I expect I would have done if I was previously trying to win business in China.

**VDG** · 23rd May 2015, 13:14

Bribe is quite a strong word and has different legal meaning in different jurisdictions ;)

**markrlondon** · 23rd May 2015, 13:18

Originally Posted by VDG

Bribe is quite a strong word and has different legal meaning in different jurisdictions ;)

<grin>

**WatchIng** · 23rd May 2015, 21:51

Originally Posted by hsukirk

I only give friends JLC & GO these days.

So how do I add you to my list of friends?

**igorRIJEKA** · 23rd May 2015, 21:59

Croatian former prime minister loves watches...he is in prison now

and this is not in China

**number2** · 24th May 2015, 05:03

Originally Posted by VDG

Bribe is quite a strong word and has different legal meaning in different jurisdictions ;)

Not in banking are you old chap?

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