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.
And just like that… December is upon us. It’s been a volatile handover from November with U.S. major indices underperforming, dragged down by steep declines for the Nasdaq. Europe’s Stoxx 600 managed to hold onto gains, making November the fifth positive month in a row. But tech stocks also suffered, as concerns over AI valuations […]
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U.S. President Donald Trump looks on aboard Air Force One during travel to Palm Beach, Florida, from Joint Base Andrews, Maryland, U.S., November 25, 2025. Anna Rose Layden | Reuters U.S. President Donald Trump said on Saturday that the airspace above and surrounding Venezuela is to be closed in its entirety. Trump, in a Truth […]
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Swatch external store sign Peter Dazeley | Getty Images News | Getty Images U.S. investor Steven Wood accused Swatch Group of “worst-in-class governance”, proposing changes to the Swiss watchmaker’s board and governance reforms, the Financial Times reported on Saturday. Wood, the founder of GreenWood Investors, which says it holds about 0.5% of Swatch‘s share capital, has […]
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