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Swatch CEO says Chinese sales back in growth since July: Handelszeitung

Wednesday, October 19, 2016 - 21:28
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Swiss watchmaker Swatch has been seeing renewed growth in China since July, chief executive Nick Hayek told the Swiss paper Handelszeitung.

[ZURICH] Swiss watchmaker Swatch has been seeing renewed growth in China since July, chief executive Nick Hayek told the Swiss paper Handelszeitung.

"We've seen growth in China since July, every month a bit more," Mr Hayek said in an interview published on the Swiss paper's website on Wednesday.

While the Omega brand in particular showed pleasing growth, the chief executive said brands Blancpain and Longines had also showed positive development.

Mr Hayek also said the watchmaker expected its automobile battery, developed by subsidiary Belenos in collaboration with Chinese automative maker Geely to be certified for the Chinese market within one to two years.

REUTERS