Swatch Group has reshuffled its leadership team and named new heads for several of its key brands in a change that analysts had been expecting for some time. All of the new appointments will happen on July 1.
The Trieste-based competition’s 2020 edition was originally scheduled for July 17 but, like the Hyères Fashion Festival, ITS has announced the event’s postponement, to October 23, due to the Covid-19 pandemic.
Swatch Group’s sales at its own stores in China are up by almost a quarter during April, the watchmaker’s Chief Executive Nick Hayek said, but the global situation following the coronavirus outbreak remains tough.
Swiss watch exports plunged by more than a fifth in March, the Swiss watch industry federation, FH, said Tuesday, warning it expected the situation to deteriorate further in April.Overall, Swiss watch exports fell 21.
The Paris Fashion Week, with its related events and trade shows, ended on March 3 with a slump in attendance. But the Covid-19 epidemic has since escalated in France, suggesting the result should be put in perspective.
Swiss watchmaker Swatch Group is taking a "massive" hit from the outbreak of the novel coronavirus that sharply affected business in major market China, Chief Executive Nick Hayek said in a Sunday newspaper interview.