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Swatch Group

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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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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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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Swiss watch exports struggle as luxury slowdown persists

by David Johnson
Swiss watch exports struggle as luxury slowdown persists

By Bloomberg Published Feb 20, 2024 Swiss watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports …

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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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Swiss Watch exports slowing after a record run

by Lionel Rogers
Swiss Watch exports slowing after a record run

By Bloomberg Published Jan 30, 2024 Swiss watch exports hit record levels last year as watchmakers raised prices and shipments of cheaper quartz watches jumped, though the pace of growth …

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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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Breitling buys watchmaker Universal Geneve in first major deal

by David Johnson
Breitling buys watchmaker Universal Geneve in first major deal

By Bloomberg Published Dec 13, 2023 Swiss luxury watchmaker Breitling AG is making its first major acquisition, buying Universal Geneve in an attempt to revive a brand that has faded …

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