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Nick Hayek

China’s slowdown is taking a rising toll on European profits

by David Johnson
China’s slowdown is taking a rising toll on European profits

By Bloomberg Published Jul 24, 2024 From luxury brands to car makers, European companies are taking a hit from China’s slowdown, and more trouble is coming for businesses heavily reliant …

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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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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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Gucci’s China shock reverberates across the luxury landscape

by David Johnson
Gucci’s China shock reverberates across the luxury landscape

By Bloomberg Published Mar 24, 2024 Fears of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of …

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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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