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Luxury cutbacks slow Swiss watch sales

Business | Light industry
2008-11-21

SWISS watch exports were almost unchanged in October, rising at the slowest pace in three and a half years, as American consumers cut luxury spending. Swatch Group AG fell to a five-year low in Zurich trading after...

May hire more if n

Business | Light industry
2008-11-21

SWATCH Group AG, the world's largest watch maker, said it will not cut positions in the current economic situation and recruit more if necessary to support its expansion in China. According to Susan Chen, president...

Swatch raises prices, lifts profit

Business | Machinery manufacturing
2008-8-16

SWATCH Group AG, the world's largest watch maker, reported yesterday that first-half operating profit exceeded analysts' estimates after timepiece margins widened and the company's tax rate dropped. Operating...

Bank gives timely tip on Swatch shares

Business | Machinery manufacturing
2008-7-11

SWATCH Group AG, the world's biggest watch maker, fell to the lowest in 18 months in Zurich yesterday after Deutsche Bank AG stopped advising investors to buy the shares because of a luxury-goods industry slowdown. ...

Watch out! It's takeover time

Business | Asset management/M&A
2008-6-13

SWISS family-owned watchmakers may become takeover targets as Swatch Group AG, the world's biggest watchmaker, and Cie Financiere Richemont SA seek to add to their collections of brands, a Bank Vontobel analyst said. ...

Swatch ticks just a bit slower

Business | Machinery manufacturing
2008-3-15

SWATCH Group AG's second-half profit rose at the slowest pace in three years on lower demand for the company's watches in Japan and production bottlenecks. Net income at the world's largest watch maker climbed...

Timely boost in earnings for prestige watch maker

Business | Luxury goods
2008-1-19

SWATCH Group AG, the world's largest watch maker, said sales rose 18 percent last year after Chinese, Indian and Middle Eastern customers bought luxury Breguet and Blancpain timepieces. Sales increased to a record...

Swatch ticks up on rating

Business | Retail
2007-12-6

SWATCH Group AG climbed the most in three weeks in Zurich trading yesterday after Citigroup initiated coverage of the world's biggest watch maker with a "buy" recommendation. Swatch shares rose as much as 12.5...

Luxury watches boost profit

Business | Light industry
2007-8-15

SWATCH Group AG, the world's largest watch maker, said first-half profit rose 39 percent on demand for Omega and Breguet luxury watches in China, Russia and the United States. Net income climbed to 460 million...

Swatch sales on track

Business | Light industry
2007-4-20

SWATCH Group AG, the world's biggest watchmaker, expects sales this year to maintain last year's pace as it continues to benefit from strong demand, Chief Executive Officer Nick Hayek Jr said. "Everything is...