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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. 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 […]
Swatch Group No Longer The Supermarket To The Watch Industry
High-end brands will be searching for alternative suppliers now that Swatch Group has decided to lower the watch part supplies to rival watchmakers. For decades Swatch has served as one of the main suppliers, providing as much as 80% of Swiss movements and their Nivarox arm, which dominated the market for oscillating parts and […]
The Swatch Group’s Most Successful Decemeber Yet
Having the strongest month of turnover in December, The Swatch Group exceeded CHF 7 billion for the first time in the company’s history with group sales of watches and jewelry up 21.7%. The most significant growth came about in China The group’s watch and jewellery division recorded sales of CHF6.31 billion. In addition to its individual […]
