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Swatch Group posts sales growth

Swatch Group sales for the full year were 5.2 percent above the previous year to 7.9 billion Swiss francs. The company said in a statement that net profit rose by 8.1 percent to 890 million francs since there was a negative currency impact of 554 million Swiss francs or 7.4 percent, which weighed on profitability. The rapid erosion of major...

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Fairs |UPDATE Featured

Baselworld reacts to Swatch Group’s departure, announces changes

“Annual watch fairs, as they exist today, no longer make much sense. This does not mean that they should disappear. But it is necessary that they reinvent themselves”. With this harsh comment, Swatch Group, one of the world’s largest watchmakers, announced its departure from the Baselworld trade show yesterday. But the show’s organizers did not...

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