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Longines

Swatch shakes up executive committee as luxury slowdown persists

by David Johnson
Swatch shakes up executive committee as luxury slowdown persists

By Bloomberg Published Jun 13, 2024 Swatch Group AG is shaking up its executive management committee just months after the watch and jewelery maker faced investor calls for improved corporate …

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Swiss watch exports plunge as China and Hong Kong demand dries up

by David Johnson
Swiss watch exports plunge as China and Hong Kong demand dries up

By Bloomberg Published Apr 18, 2024 Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong …

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Swatch buyers in China hesitate over higher prices, CEO says

by Lionel Rogers
Swatch buyers in China hesitate over higher prices, CEO says

By Reuters Published Apr 1, 2024 The Chinese market is likely to be difficult until the end of the year with consumers hesitating over higher prices, the chief executive of …

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China’s tepid rebound has left luxury shops relying on US demand

by David Johnson
China’s tepid rebound has left luxury shops relying on US demand

By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up …

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Swatch Group sales miss record as strong franc dents results

by David Johnson
Swatch Group sales miss record as strong franc dents results

By Bloomberg Published Jan 23, 2024 Swatch Group AG failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands …

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The record rush to buy a Rolex or a Patek Philippe is over

by David Johnson
The record rush to buy a Rolex or a Patek Philippe is over

By Bloomberg Published Dec 9, 2023 The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest …

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