(FILES) A model of the Swatch brand Swiss watches is pictured within a press conference to present the full-year results of the world’s number one watchmaker, on March 10, 2016 in Biel. Swiss watchmaker Swatch Group reported on July 15, 2024, a 70.5% fall in first-half net profit to 147 million Swiss francs (150 million
ByAalokitaa Basu Jul 15, 2024 05:36 PM IST Share Via Copy Link If the Ambanis’ hospitality was still up for debate Anant Ambani’s gift to his groomsmen settles it. Here’s why the limited edition watch costs an arm and a leg While there is no dearth of content streaming in from the just-concluded Ambani wedding,
Excited for Deadpool & Wolverine? Us too. There are now official watch tie-ins from Casio, the OG king of digital watches. Your first reaction might be that these watches don’t wear their Deadpool and Wolverine theme quite proudly enough. But that also means they won’t look silly once the film is just a box office
Swatch Group AG’s shares fell the most in four years after sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies. The group, whose brands include Omega, Blancpain and jeweler Harry Winston, reported a 70% drop in operating profit and 14% drop in sales for the first six months of
Swiss watch group Swatch saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year. Profits tumbled 70.5 percent to 147 million Swiss francs ($164 million) on a 14 percent drop in sales to 3.4
PARIS — China’s consumption slowdown has bitten the Swatch Group hard, as the Swiss watchmaker posted a 70.5 percent drop in first-half net income to 147 million Swiss francs, or $164 million at current exchange rates. Revenue for the first six months of 2024 reached 3.45 billion Swiss francs, or $3,86 billion, down 10.7 percent
𝐋𝐮𝐱𝐮𝐫𝐲 𝐖𝐚𝐭𝐜𝐡𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐮𝐱𝐮𝐫𝐲 𝐖𝐚𝐭𝐜𝐡𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: The 𝐋𝐮𝐱𝐮𝐫𝐲 𝐖𝐚𝐭𝐜𝐡𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, valued at $25.99 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 3.25% from 2024 to 2030, reaching an estimated $32.52 billion by 2030. This market overview delves into the key factors driving this growth, recent trends, and