Demand For Luxury Timepieces May Be Slowing in China
Analysts and watchmakers say the Swiss watch industry is unlikely to continue benefiting from the extraordinary growth they have been accustomed to over the last couple of years. Export of Swiss watches jumped a record 19.2% in 2011, following a 22% increase in 2010 after recovering from a post credit-crunch downfall. Flourishing Asian, particularly Chinese, […]
By Seth Semilof
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 […]