Tag Heuer to launch smartwatch to rival Apple

It's been a tough year for luxury watches in Asia: Beijing's anti-corruption drive, the slowdown in China, and the Occupy Hong Kong protests all conspired to cool the market. But the president of LVMH's watch division says it's the start of a new era for luxury timepieces. Bloomberg's Angie Lau spoke exclusively to Jean-Claude Biver about the future of luxury watches, and the rising digital challenge.