Swatch Group
Watchmaker Swatch apologises for ‘slanted eye’ ad after online backlash in China
The criticism over the advert is the latest setback for the watchmaker whose shares have fallen by more than half since early 2023 and now faces a 39% tariff on its exports to the US
Swatch CEO again floats idea of going private, sending shares up
Swatch’s performance has lagged recently, affected by a difficult market environment including rising metal costs and weak demand in China due to economic uncertainty
Swatch wins Malaysia suit over pride watch raid: report
SWISS watchmaker Swatch Group has won its lawsuit against the Malaysian government over last year’s controversial seizure of its Pride-themed watches in the South-east Asian nation, according to a Mal...
Swatch CEO says ‘nothing new’ in buyout talk lifting stock
SWATCH Group chief executive officer Nick Hayek said that it’s “pure speculation” that the company is considering going private now, although it’s something that “would be nice to do.”
Swatch Group profit plunges 70% on weak China demand
SWATCH Group’s sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies.
Swatch shakes up executive committee as luxury slowdown persists
Heads of ETA and Tissot brand join executive management
Swatch buyers in China hesitate over higher prices, CEO says
THE Chinese market is likely to be difficult until the end of the year, with consumers hesitating over higher prices, the chief executive of Swiss watchmaker Swatch Group was quoted as saying in a new...
Swiss watch exports enjoy another record year in 2023
SWISS watch exports set a record for the third year running in 2023, rising 7.6 per cent to 26.7 billion Swiss francs (S$41.5 billion), an industry group said on Tuesday (Jan 30).
Swatch Group dashes dividend expectations, shares tick lower
SWATCH Group on Tuesday (Jan 23) missed profit forecasts for 2023 and proposed a much smaller than expected dividend increase – putting pressure on the world’s biggest watchmaker’s stock.
Switzerland needs another major local bank: Swatch CEO
Nick Hayek, the head of Swatch Group, said he regrets the loss of Credit Suisse as it will open Switzerland to more foreign lenders.
