Audemars Piguet and Swiss watch rivals hasten shift to in-house sales
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GENEVA (Reuters) - Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers.Changes to distribution for luxury watches have lagged sectors such as groceries or fashion, with eye-watering price tags seen as a barrier to buying online and favouring a more traditional sales approach.But trouble clearing excess inventory at multi-brand watch retailers,..