Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023.
Bloomberg | Bloomberg | Getty Images
Swatch Group reported a 14.3% decrease in net sales at current exchange rates during the first half of 2024, the company said on Monday.
The maker of Tissot, Longines and Omega watches, as well as the eponymous plastic Swatch watches, said sales dropped to 3.445 billion Swiss francs ($3.85 billion) in the six months to the end of June.
An Equestrian Knight Device logo on a flag outside the Burberry Group Plc luxury boutique in London, UK, on Tuesday, May 13, 2025. Bloomberg | Getty Images Burberry on Wednesday announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house. The company said the measures could lead to a “reduction […]
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The UK wants to crack down on foreign workers. Businesses worry Brits can’t — or won’t — fill the labor gap CNBC’s Holly Ellyatt reported this morning that British businesses are concerned about a labor shortage arising from U.K. government plans to tighten immigration policy. The British government on Monday announced plans to cut migration to […]
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A file photo of Hiroki Totoki, Sony Group Corporation executive, delivering a keynote address at CES 2025 in Las Vegas, on January 6, 2025. Artur Widak | Nurphoto | Getty Images Sony Group shares rose about 2% Wednesday in volatile trading after the Japanese conglomerate announced a 250 billion yen ($1.7 billion) share buyback and […]
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