Swatch — the parent of Longines, Omega, and Tissot — is seeing sales slump, and it's because of China
Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
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Watch sales likely to be down double-digits across Swatch Group, LVMH and Richemont in 2024
Keen watchers of the global export figures for the Swiss watch industry might conclude that 2024 was a little more ...
Swiss Watch Exports Continue on Downward Trend in December
The contraction in Swiss watch exports intensified in December with a decline of 5.4%, resulting in a total value of 2.0 billion Swiss francs ($2.21 billion), according to data from the Federation of ...
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CORDER’S COLUMN: Could Omega have outbid Rolex and LVMH for F1 deal?
LVMH is the new Global Partner for Formula 1, arguably the most valuable sporting franchise in the world. Advertising slots for the Superbowl may cost more per minute, but have a fraction of the ...
Swatch Profit Plunges Almost 75%, Hit by Weakness in China
Swatch Group AG profit fell sharply as the watch industry continues to struggle with weakness in Chinese consumer demand.
Swatch Group Profits Slump 75% in 2024, Dragged Down by China
Skittish Chinese consumers at home or abroad dragged down the Swatch Group: The Swiss company’s 2024 net income dropped 75 percent to 219 million Swiss francs, or $242 million at current exchange ...