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Swatch Predicts More Profits In 2012

The world's largest watchmaker, Swatch said it expects growth to continue this year after a good start in January.

Swatch Predicts More Profits In 2012
Swatch Predicts More Profits In 2012  |  Photo: Haute Time / brand
The Haute Minute

The world's largest watchmaker, Swatch said it expects growth to continue this year after a good start in January.

The world’s largest watchmaker, Swatch said it expects growth to continue this year after a good start in January. The company, whose products range from high-end automatic watches like Breguet and Blancpain to the widely recognized plastic watches, is gaining from demand mainly among Asian consumers – along with a few other select Swiss watch makers.

Looking forward, Swatch said it’s well prepared for the future and has stated they will continue to make targeted investments in 2012 in their worldwide distribution network and in their production capacities in Switzerland, despite the strong Swiss franc.

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In This Story
Seth Semilof
Seth Semilof
Co-Founder & COO · Haute Time
Seth Semilof co-founded Haute Living and, with business partner Kamal Hotchandani, launched Haute Time, the brands' luxury timepiece site, to educate buyers about the best watches in the world and to showcase the passion of collectors and the CEOs who lead the great maisons. His love of watches began early: a TAG Heuer at 13, an Omega at 16, and his first Rolex at 20. Through Haute Time he has been honored to visit the greatest watch manufactures in the world and meet the master watchmakers behind them. He has also personally featured private collections exclusive to Haute Time, taking readers inside the watch boxes of Kevin Hart, Carmelo Anthony, Tony Robbins and Swizz Beatz.
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