
European listed firms expect to receive 456 billion euros (396.14 billion pounds) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis shows.
361 published items with the word (s) or phrase Swatch in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
European listed firms expect to receive 456 billion euros (396.14 billion pounds) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis shows.
Swiss watchmaker Swatch Group will ask shareholders to reduce the group’s equity capital by cancelling stock that the company has repurchased, it said on Thursday.
Bertrand Delvert, vice president of marketing and communication at Tissot International, succeeds Florence Ollivier-Lamarque as director of the Swatch Group’s French subsidiary, effective from January 1.
Swatch Group will host an event for watch retailers from March 19 to 26 next year, just ahead of the Baselworld watch fair it recently dropped out of, according to an invitation seen by Reuters on Tuesday.
Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
Swiss watchmaker Patek Philippe is seeing good demand across the world, its president told Reuters on Thursday, playing down industry concerns about a potential slowdown in top luxury goods buyer China.
Luxury goods group LVMH’s watch brands will be present at the next edition of the Baselworld watch fair in March, the outgoing head of its watch division told CNN Money Switzerland, adding the show needs to make changes.
Watch brands Audemars Piguet and Richard Mille will withdraw from the Geneva watch fair from 2020 to focus on selling directly to consumers rather than via third-party retailers they would meet at the show.
The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.
Swatch has opened a pop-up store at one of Europe's busiest railway stations as fashion watches and railway retail both enjoy recoveries.