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Swatch Group's profits plummet in first half

Zurich - Swiss watchmaker Swatch Group published its half-year results on Thursday. The results were heavily affected by weak consumer spending in China, causing its net profit to plummet. The group, owner of the multicoloured plastic watch brand and other brands, including Tissot, Longines and Omega, saw its net profit fall to 17 million Swiss...

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Fairs|UPDATE

Baselworld reacts to Swatch Group’s departure, announces changes

“Annual watch fairs, as they exist today, no longer make much sense. This does not mean that they should disappear. But it is necessary that they reinvent themselves”. With this harsh comment, Swatch Group, one of the world’s largest watchmakers, announced its departure from the Baselworld trade show yesterday. But the show’s organizers did not...

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