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The Vice President for Tissot, the affordable luxury watch brand owned by the Swatch Group, told Reuters in an interview last week that the company will make fewer watches to save on production costs rather than pass higher prices into clients.
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In an attempt to save costs they decided to outsource production to China.
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They may not look inspiring, but deep in the recesses of their brains they have these little ideas--a fast-food restaurant concept no one has ever anticipated, an assembly-line innovation that can lower production costs by 50%, a retirement-plan wrinkle to save everyone's 401(k)--and, someday, assuming they can find their toothbrushes amid the stash of moisturizing-cream bottles in their travel bags, they are going to realize their dreams.
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Ubisoft will also use its in-house production studios to create visual effects for the movie, in a bid to save costs.
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