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...Blunschi, who first worked in the watch industry in the 1990s with Swatch Group and joined Leica in January last year, says the ZM 1 and ZM 2 have been made for Leica’s top customers and collectors, while...
...Swatch will need all the Churchillian vigour Mr Hayek can muster....
...At Longines, its chief executive of 30 years, Walter von Känel, is using a team of private operators employed by its parent Swatch Group to track down retailers supplying the grey market....
...In the case of Swatch, its 2017 sales grew twice as fast as Swiss watch exports....
...with sales there accounting for a rising share of global luxury brands’ income — 27 per cent of sales last year for French group Kering, which owns brands such as Gucci, and 35 per cent for Swiss brand Swatch...
...Mr Arpa and his colleagues are doing business on a relatively small scale upstairs, the big companies on the ground floor such as Rolex, Patek Philippe, Chopard and the multiple brands owned by LVMH and Swatch...
...is undoubtedly more enjoyable to visit SIHH than Baselworld but, from a business perspective, Baselworld is clearly the powerhouse because it includes brands such as Rolex, Patek Philippe and . . . the Swatch...
...Swatch has refused to cut jobs, arguing the downturn was temporary....
...“However, Swatch’s strategy of maintaining production clearly has not helped....
...Swatch shares are up 3.6 per cent after the Swiss watchmaker suffered a 52 per cent plunge in first half net profit, but insisted it would see a recovery in the second half....
...At rival Swatch, chief executive Nick Hayek has been more willing to brazen out the global downturn....
...Swatch’s sales fell 3 per cent last year to SFr8.45bn (£6.1bn) at current exchange rates. Despite headwinds, Swatch said it had actually increased the number of employees in Switzerland....
...Mr Tanner is a prominent business figure in Switzerland, and has also been on the board of the Swatch watch group since 1995....
...Swatch is a good example. Citigroup estimates that about 85 per cent of its cost of goods sold is in Swiss francs. A much lower proportion of sales are at home....
...Swatch Group, the world’s biggest maker of Swiss watches with about 21 per cent of the market, has declined nearly 25 per cent so far this year....
...cheek to his creations, both for his own line and the pieces he designs as the creative director of Moschino, but he’s a smart businessman and has collaborated with brands including Adidas, Longchamp, Swatch...
...Calibre 1969 is the latest of a number of in-house chronographs to have appeared in the past year, largely as a result of Swatch’s decision....
...Hard luxury brands – with Swatch at the vanguard – are expected to open more stores selling directly to shoppers....
...Following the Swiss Competition Commission’s decision last October to allow Swatch Group to withdraw supply of its movements and parts to third parties, sustainable autonomy is now more desirable than ever...
...Could incumbents in watches such as Swatch and Richemont suffer the same fate? Mr Solca believes the potential threat is greater for Swatch Group than for Richemont....
...Nestlé and Novartis also pay their chief executives more than 200 times what they pay their lowest earners, while the likes of UBS, Credit Suisse, Lindt & Sprüngli, and Swatch all have ratios of between...
...Swatch Group fell 3.7 per cent to SFr552, while Richemont lost 3.2 per cent to SFr85.85. But there were bright spots amid the FTSE Eurofirst 300’s five-session decline of 0.9 per cent to 1,216.17....
...A strong session for luxury goods makers saw Richemont, the owner of the Cartier brand, gain 3 per cent to SFr85.45 while Swatch, the biggest maker of Swiss watches, climbed 2.4 per cent to SFr533....
...Shares in Richemont, owner of the Cartier and Piaget brands, fell 5.2 per cent to SFr80.70, while Swatch lost 5.2 per cent to SFr506.50....
...Swiss watchmakers Richemont and Swatch were down 4.2 per cent to SFr87.85 and 3 per cent to SFr560 respectively....
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