Key Facts

• Georges Kern, CEO of House of Brands, reported that the group is gaining market share in China, but consumers in the country remain reluctant to invest in luxury goods.
• House of Brands owns Breitling, a luxury watchmaker, and is expanding its presence in China despite the challenging market conditions.
• Kern shared his insights on the company's expansion plans and the current market dynamics in China during an interview on "Bloomberg: The China Show."
• The cautious behavior of Chinese consumers towards luxury goods has implications for House of Brands and other luxury companies operating in the market.
• The conversation with Kern was part of Bloomberg's coverage of market trends in China, providing insights into the country's complicated luxury goods market.