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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …