The Business Times

Swatch Group

Consumer & Healthcare

Watchmaker Swatch apologises for ‘slanted eye’ ad after online backlash in China

Swatch is frequently the subject of speculation that CEO Nick Hayek will seek to take it private as its stock languishes amid wider concerns about the future of luxury demand.
Consumer & Healthcare

Swatch CEO again floats idea of going private, sending shares up

Swatch Group posts sales rising by 5.2 per cent last year to 7.88 billion Swiss francs.
ASEAN Business

Swatch wins Malaysia suit over pride watch raid: report

“I always said that taking the company private would be a nice thing to do and, at so ridiculous low share prices that we saw since quite some time, even more seducing,” Swatch CEO Nick Hayek said.
Consumer & Healthcare

Swatch CEO says ‘nothing new’ in buyout talk lifting stock

Like other luxury watchmakers, Swatch has been under pressure since soaring inflation caused consumers to curb their spending after a pandemic boom.
Watches

Swatch Group profit plunges 70% on weak China demand

The changes come as Swatch shares hit a 52-week low on Jun 7 amid a downturn in demand for pricey timepieces in mainland China and Hong Kong.
Watches

Swatch shakes up executive committee as luxury slowdown persists

Watches of the Bioceramic Moonswatch Collection. Swatch makes high-end Omega, Tissot and Longines watches, as well the eponymous mass-market plastic models.
Watches

Swatch buyers in China hesitate over higher prices, CEO says

Swiss watch exports are boosted by sales in their largest market, the US, where they rise 35.1 per cent for the full year.
Watches

Swiss watch exports enjoy another record year in 2023

Swatch Group posts sales rising by 5.2 per cent last year to 7.88 billion Swiss francs.
Watches

Swatch Group dashes dividend expectations, shares tick lower

Swatch Group CEO Nick Hayek feels that UBS Group should have listed Credit Suisse, retained a 30 per cent to 40 per cent ownership and asked major Swiss companies to take stakes for the rest.
Banking & Finance

Switzerland needs another major local bank: Swatch CEO

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