franc Archives

Swatch Group profit falls on weak China, strong Swiss franc

July 15, 2024 mpsingh No Comments Business China, falls, franc, Group, profit, strong, Swatch, Swiss, weak

By Bloomberg Published Jul 15, 2024 Swatch Group AG said sales and profit fell sharply amid a China-led slowdown for luxury watchmakers. Swatch The Swiss watchmaking conglomerate, whose brands include Omega, Blancpain and jeweler Harry Winston, reported a 14% drop in sales to 3.45 billion Swiss francs ($3.85 billion) for the first six months of [...]read moreSwatch Group profit falls on weak China, strong Swiss franc

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 including Omega and Longines disappointed and a strong Swiss franc weighed down results. Swatch Group – Tissot The Biel, Switzerland-based company reported revenue of 7.9 [...]read more