Hosted on MSN8mon
Swatch Shares Plunge as Profit Falls 70% on China Weakness(Bloomberg) -- Swatch Group AG’s shares fell the most in four years after sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies. The group ...
ZURICH] Swatch Group is looking into a potential take-private of the Swiss watchmaker but it will “take time,” according to chief executive officer Nick Hayek. Read more at The Business Times.
Hosted on MSN1mon
Swatch Group Profits Slump 75% in 2024, Dragged Down by ChinaSwatch Group continued to attribute its decline in sales for the full year to the sharp drop in demand for consumer goods in Greater China, which includes the Hong Kong and Macau special ...
At a press conference on Wednesday, Swatch boss Nick Hayek admitted that the company’s 2024 results were relatively low. He refused, however, to talk of a crisis, and was counting on growth markets ...
The Swatch Group is the biggest vertically integrated Swiss watch manufacturer with 18 brands covering all price ranges, from entry to ultraluxury. Swatch-owned brands account for around 35% of ...
ZURICH: Swatch Group, the world's biggest watchmaker, reported a steep drop in first half sales and earnings on Monday as demand for luxury goods in China remained weak, but forecast business ...
Swatch-owned brands account for around 35% of ... expansion and wealth creation in emerging markets (most importantly China). Some of the demand (graft, presents to government officials) was ...
Swiss watch exports’ downward trajectory resumed in February after a one-month respite, with all main markets seeing a ...
ZURICH: Swatch Group is positive about the China market's recovery from the COVID-19 fallout and the return of Chinese tourists abroad, the Swiss watchmaker said on Tuesday, after it reported a ...
Swatch Group continued to attribute its decline in sales for the full year to the sharp drop in demand for consumer goods in Greater China, which includes the Hong Kong and Macau special ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results