Two weeks back, Audemars Piguet was quick to shut down a report suggesting chief executive Ilaria Resta was leaving the company. If anything, the chatter seems to have energised her: the Italian former Procter & Gamble executive has come out swinging. “And it all comes after years of glory growth, which frankly, was also growth that was a bit excessive. If the relationship doesn’t work, we will end it.”Last year, Audemars Piguet reported 2.4 billion Swiss francs in sales, a slight uptick on the previous year, bucking the industry’s negative trend. Swiss export volumes have halved over the past decade, according to the Federation of the Swiss Watch Industry.